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DENISE TRAHAN v DUANE READE INC Click to find out why . . .



Keywords & Phrases
CaseNo: DTVDRI146378, CourtName: MISC 3, Plaintiff: DENISE TRAHAN, UniqueCaseRef: LCD>DTVDRI146378, Duane, Common Stock, Publics, Exchange Act, Securities, Rhe, Prices, York, Material Facts, Rule Lob-5, Misleading, Purchasers, Pursuant, United States, Reduced Profits, Materially Misleading, States District Court, Material Adverse, Dissemination, Misrepresentations, Denise Trahan, Exchange Commission, Duane Reade, Reasonable Opponuniry, Exchange Acr, Promulgated Thereunder , ContentID: 120253752

Case Documents
1 2002-04-15 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 130141
20 pages
PDF
Total Documents: 1 document , 20 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
COMMON STOCK
DEFENDANTS
PUBLICS
EXCHANGE ACT
SECURITIES
RHE
PRICES
YORK
MEMBERS
BUSINESS
MATERIAL FACTS
RULE LOB-5
PLAINTIFF
MISLEADING
PURCHASERS
PURSUANT
UNITED STATES
REDUCED PROFITS
MATERIALLY MISLEADING
STATES DISTRICT COURT
MATERIAL ADVERSE
DISSEMINATION
MISREPRESENTATIONS
DENISE TRAHAN
EXCHANGE COMMISSION
DUANE READE
REASONABLE OPPONUNIRY
EXCHANGE ACR
PROMULGATED THEREUNDER
            I+-"
 n*-.         4..                  .  _
      i. *  1.  3
F              : . .
      i-;i 2  .b  L
L.3  UNITED  STATES  DISTRICT  COURT
      SOUTI3ER.N  DISTRICT  OF NEW  YORK



      DENISE  TRAHAN,  Individually  And  On Behalf  of  )  C&IL  ACTION  NO.
      All  Others Similarly  Situated,                                     1
                                                                           1
                                                    Plaintiff,             1  CLASS  ACTION 
                                                                           1  FOR  VlOtATlONS      
                                            VS.                            1  F'E!ilER.Af- 
                                                                           )
       DUANE  l#%DE  INC.,  and ANTHONY  J. CUTI,                          )
                                                                           1
                                                    Defcndanrs.            1
                                                                           1



                      Plaintiff  has alleged  the  following  based upon                           

      which  included  a review  of  United  States Secuntics  and Exchange  Commission  ("SEC") 

      by  Duane Reade Inc.  ("Duane"  or the "Company"),  securities analysts' repons, press

      other  public  statements issued by  the  Company,  and media  repons  about  the  Company, 

      plaintiff           believes  that substantial additional  evident&y  support  will  exist 

          forth herein after a reasonable opponuniry  for discovery.

                                                        NATURE  OF THE  ACTION

                         1.     This  is  a federal class  action  on  behalf  of  purchasers of 

          Duane  between  April  15,  2002  and July  24,  2002  inclusive  (rhc  "Class  Period"),

          pursue remedies under the Securities Exchange  Acr  of  1934 (the "&W.nge  Ad'),

                                                       JIJRISDICTWN     AND  VENUE

                         7
                         -.      The claims  asserted herein arise under and pursuant to Sections

SNIPPETS:
  • L.3 UNITED STATES DISTRICT COURT SOUTI3ER.N DISTRICT OF NEW YORK
  • DENISE TRAHAN, Individually And On Behalf of) C&IL ACTION NO.
  • by Duane Reade Inc., securities analysts' repons, press releases and
  • forth herein after a reasonable opponuniry for discovery.
  • pursue remedies under the Securities Exchange Acr of 1934,
  • the Securities and Exchange Commission [I7 C.F.R. 6 240.
  • This Court has jurisdiction over tie subject matter of this action pursuant so 28
  • and Section 27 of the Exchange Act (15 USC.
  • Plaintiff Penise Trahan, as set forth in the accompanying certification,
  • purchased the common stock of Duane at artificially inflated
  • as well as irs markets and present and future business prospects & access to internal
  • and was aware of their materially misleading nature.
  • of business that operated as a &aud or deceit on purchasers of Duane common stock by
  • disseminating materially tnisleading statements and/or concealing material adverse facts.
  • intrinsic value of its common stock; enabled Defendants to use the inflated price of Duane
  • members of the Class IO purchase Duane common stock at artificially inflated prices.
  • whether statements made by defendanrs to rhe investing public during rhc
  • "Duane Reade fnc.
  • debt level would cause Duane to suffer gratly reduced profits in the second quarter of 2002.
  • undisclosed material facts alleged herein in pzrragraph 23.
  • issued or disseminated to the investing publics; and knowingly and substantially participated
  • acquiesced in the issuance or dissemination of such statements or documents as primary
  • clrcumsrances does not apply to any of the alleged misrepresentations and failures to disclose
  • the Exchange Act and Rule lob-5 All defendants arc sued either as primary participants in the
  • and Rule 1 Ob-5 promulgated thereunder.
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