Class Action Lawsuit Against Harley-Davidson
HARTFORD, Conn., May 20, 2005 -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Wisconsin on behalf of all purchasers of publicly traded securities of Harley- Davidson, Inc. ("Harley-Davidson") between January 21, 2004, and April 14, 2005 (the "Class Period").
The Complaint alleges that Harley-Davidson violated federal securities laws by issuing false or misleading public statements. These allegations arise out of Harley Davidson's April 13, 2005 announcement that it planned to reduce motorcycle production and product inventory levels. On that news, Harley-Davidson stock fell from a close of $58.77 on April 12, 2005, to close at $47.20 on April 14, 2005.
If you are a member of the class, you may, no later than July 18, 2005, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s).
For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at firstname.lastname@example.org. To view a copy of the Complaint initiating the class action, which was not filed by Schatz & Nobel, or for more information about this case, class action cases in general, or Schatz & Nobel, please visit our website: http://www.snlaw.net/.