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On December 15, 2008, media outlets reported that the Company's former CEO Daniel Laikin and others were charged with conspiracy and securities fraud by federal prosecutors, in connection with an alleged market manipulation scheme designed to inflate the trading volume of National Lampoon's common stock. Prosecutors allege that Laikin and others paid certain persons monies to buy and sell Company's stock in a stock manipulation scheme. Since that time, Laikin has resigned from the Company; the Company's stock trading was halted by the NYSE Alternext; and the Company's stock was recently delisted by the NYSE Alternext.
As a result of these adverse disclosures, the Rosen Law Firm is preparing a shareholder derivative action seeking relief on behalf of the Company against certain of the Company's present and former officers and directors for alleged harm they have caused the Company.
If you are a holder of National Lampoon stock, you may be able seek relief on behalf of the Company against National Lampoon's present and former officers for their alleged misconduct and breaches of fiduciary duty. For more information on this shareholder derivative action or for more information about your legal rights, please call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the nation, concentrating its practice on securities class actions and shareholder litigation.
Attorney advertising. Prior results do not guarantee a similar outcome.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The Rosen Law Firm PA PC
The Rosen Law Firm P.A. Laurence Rosen, Esq. lrosen@rosenlegal.com Phillip Kim, Esq. pkim@rosenlegal.com (212) 686-1060 Weekends Tel: (917) 797-4425 Toll Free: 1-866--767-3653 Fax: (212) 202-3827 www.rosenlegal.com
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