OKLAHOMA CITY, Aug. 2 /PRNewswire/ -- On July 27, 2005, the class action lawsuit was filed in the United States District Court of the Central District of California against Molina Healthcare . 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. The class period is from November 3, 2004 through July 20, 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 September 25, 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 & SherwoodCONTACT: William B. Federman of Federman & Sherwood, +1-405-235-1560, orfax, +1-405-239-2112, or wfederman@aol.com
Web site: http://www.federmanlaw.com/