Wednesday, April 18th, 2007...12:26 am
IPO Tanks. Lawyers Issue Press Release.
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Prime Newswire: Investor Notice: KGS Announces Investigation on Behalf of Purchasers of Sourcefire, Inc. Kahn Gauthier Swick, LLC (”KGS”) announces that it has commenced an investigation into Sourcefire, Inc. (”Sourcefire” or the “Company”) (Nasdaq:FIRE) to determine whether it has violated federal securities laws by selling stock pursuant to a materially false and misleading prospectus in or about March, 2007.
Sourcefire’s stock has sunk since it’s IPO. We haven’t found any violations of federal securities laws, but we just want to let you know that we’re starting to look into it. And, that is worth a press release? Sourcefire Inc. contracts have been added. No, we will not be issuing a press release. Bah!
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April 23rd, 2007 at 9:13 pm
“. . . we will be forced to explore all legal options available to us. . . .” and ” . . . iVillage Inc. reserves all rights in the event no such resolution is reached. . . .” This is very scary language (not). Lawyers write these letters all day long every day, just hoping that someone, somewhere will do what they want. They’re writing to the wrong website, though, as you probably have a world class collection of these useless cease and desist letters. Keep up the good work - I love reading these attempts at making the public documents private.
May 29th, 2007 at 3:58 am
Unbelievable. Keep up the good work on this. You provide a very useful service and if companies post information with the SEC, they have to assume that someone will read it. Your library of employment agreements is particularly noteworthy.
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