SOURCE: Brodsky & Smith, LLC

November 24, 2008 11:10 ET

Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Against PharmaNet Development Group, Inc.

BALA CYNWYD, PA--(Marketwire - November 24, 2008) - Law office of Brodsky & Smith, LLC announces that a class action lawsuit has been filed on behalf of all persons who purchased the common stock of PharmaNet Development Group, Inc. ("PharmaNet" or the "Company") (NASDAQ: PDGI) between November 1, 2007 and April 30, 2008 (the "Class Period"). The class action lawsuit was filed in the United States District Court for the District of New Jersey.

The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market, thereby artificially inflating the price of PharmaNet.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a PharmaNet shareholder you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Evan J. Smith, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

Contact Information

  • Contact:
    Evan J. Smith, Esquire
    Marc L. Ackerman, Esquire
    Brodsky & Smith, LLC
    Two Bala Plaza, Suite 602
    Bala Cynwyd, PA 19004
    Email Contact
    toll free 877-LEGAL-90