The Law Offices of Mark McNair Filed Class Action Lawsuits Against Twinlab Corporation and Daimler Chrysler
2 January 2001
The Law Offices of Mark McNair Filed Class Action Lawsuits Against Twinlab Corporation and Daimler ChryslerWASHINGTON, Jan. 2 The Law Offices of Mark McNair announced that it has filed class action lawsuits against Twinlab Corporation and Daimler Chrysler on behalf of shareholders. Twinlab Corporation Class Period: April 27, 2000 to November 15, 2000. As alleged in the Complaint , Twinlab and certain of its officers inflated the company's stock price during the Class Period by overstating its inventory and by failing to account properly for obsolete inventory. The investing public remained ignorant of these issues until November 15, 2000, when Twinlab issued a news release saying it had turned up inventory shortages of more than $8 million worth of herbal supplements. To sign up online: http://justice4investors.com/cases/twinlab.html DaimlerChrysler AG Class Period: November 14, 1998 to October 29, 2000, received DaimlerChrysler stock in exchange for Chrysler stock as a result of the merger, or owned Chrysler stock as of July 20, 1998 As alleged in the Complaint, Jurgen Schrempp, the longtime head of Daimler-Benz who is now chairman of DaimlerChrysler, masterminded a plan to mislead Chrysler shareholders into approving its merger with Daimler. By the end of November 2000, Schrempp had ousted almost all former Chrysler executives in top posts -- including two "co-chairmen" representing the U.S. division. News about the blatant deception and U.S. management unrest has caused the price of DaimlerChrysler stock to plunge some 18%. To sign up online: http://justice4investors.com/cases/chrysler.html . If you purchased either of these stocks in the class periods shown above, you have until January 21, 2001 to participate in Twinlab case or until January 29, 2001 to participate in the DaimlerChrysler case and ask the Court to appoint you as one of the lead plaintiffs for the Class. To serve as lead plaintiff, you must meet certain legal requirements. The Law Offices of Mark McNair recognizes that investors with significant losses often are uncertain about the class action process and they are unclear whether they should take an active role in a case. The Law Offices of Mark McNair would be happy to review this process with you. If you wish to any case or have any questions, please contact Mark McNair at 1819 Pennsylvania Ave. N.W. Suite 550, Washington, DC, 20006 by telephone at 877-511-4717, via e-mail at wmmcnair@justice4investors.com or visit our website at http://www.justice4investors.com .