HDTV Maker Faces Shareholder Suits Over Stock Dip

Law360, New York (December 5, 2007, 12:00 AM EST) -- Shareholders of Syntax-Brillian Corp. have filed securities fraud lawsuits against the high-definition television manufacturer and its executives for allegedly hiding information about inadequate accounting systems and anticipated revenues.

The Nagel Family Trust became the latest shareholder to file a class-action lawsuit in an Arizona federal court against the maker of Olevia and Brillian televisions, as well as Vivitar cameras. The suit, filed on Tuesday, joined at least one other lawsuit in the U.S. District Court for the District of Arizona bringing similar allegations.

“During the class...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.