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Federman & Sherwood Announces That A Securities Class Action Lawsuit Was Filed Against Advanced Neuromodulation Systems (ANSI)


10/19/2005 5:12:58 PM

OKLAHOMA CITY, March 9 /PRNewswire/ -- On March 1, 2005, the class action lawsuit was filed in the United States District Court for the Eastern District of Texas against Advanced Neuormodulation Systems, Inc. . The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market, which had the effect of artificially inflating the market price at all relevant times. The class period is from April 24, 2003 through February 16, 2005.

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than May 2, 2005, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, participate in this suit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:

William B. Federman FEDERMAN & SHERWOOD 120 N. Robinson, Suite 2720 Oklahoma City, OK 73102 (405) 235-1560/FAX: (405) 239-2112 mail to: wfederman@aol.comhttp://www.federmanlaw.com/

Federman & Sherwood

CONTACT: William B. Federman of Federman & Sherwood, +1-405-235-1560, orfax, +1-405-239-2112, or wfederman@aol.com


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