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Pzena Asset Management, Inc. Summary: According to a law firm press release, on November 21, 2007 a class action lawsuit has been commenced on behalf of a class of all persons who purchased or acquired securities of Pzena Asset Management, Inc. in the Company' s initial public offering which commenced on October 24, 2007. The claims asserted arise under Section 11 of the Securities Act of 1933, and have been asserted against Pzena and the Company' s Chief Executive Officer.
The complaint alleges that Defendants made materially misleading statements and otherwise failed to disclose a pattern of net redemptions in the largest mutual fund advised by Pzena, which existed at the time of the IPO. The subsequent disclosure of these facts three weeks later resulted in the price of the Company' s common stock declining, causing Plaintiff and the other members of the Class to suffer damages.
INDUSTRY CLASSIFICATION:
SIC Code: 6282
Sector: Financial
Industry: Investment Services
| COMPANY/ISSUER NAME: | Pzena Asset Management, Inc. |
| COMPANY/ISSUER TICKER: | PZN |
| COMPANY WEBSITE: | http://www.pzena.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Esther Lowinger, et al. v. Pzena Asset Management, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint - Jury Trial Demanded | |||
| Type: Complaint | Date on the document: 11/21/2007 | ||
| OTHER DOCUMENTS | |||
| Class Action Complaint - Jury Trial Demanded | |||
| Case Name and/or Number: Jere C. White, et al. v. Pzena Asset Management, Inc., et al. | |||
| Type: Complaint | Date on the document: 01/16/2008 | ||
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