SOURCE: Stull, Stull & Brody

June 06, 2008 18:00 ET

Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Arbitron, Inc.

NEW YORK, NY--(Marketwire - June 6, 2008) - Attorney Advertising. Notice is hereby given that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Arbitron, Inc. ("Arbitron" or the "Company") (NYSE: ARB) between July 19, 2007 and November 26, 2007 (the "Class Period").

Stull, Stull & Brody has substantial experience representing employees who suffered losses from purchases of their employer's stock in their 401(k) plans. If you purchased Arbitron stock through your Arbitron retirement account and have information or would like to learn more about these claims, please contact us.

The complaint charges Arbitron and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

The Company provides, through its subsidiaries, media and marketing information services in the United States and internationally. The Company's 'Portable People Meter' ratings service is purportedly capable of measuring audiences for radio, television, Internet, satellite radio and retail store video and audio broadcasts.

The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements that misrepresented and failed to disclose that: (i) the Company's scheduled implementation of its Portable People Meter ratings service in certain major markets was not performing according to internal expectations and the Company was experiencing significant difficulties such that it would have to delay its implementation; and (ii) as a result, defendants lacked a reasonable basis for their positive statements about the timing of the implementation of Arbitron's Portable People Meter ratings service and the Company's prospects and future earnings.

Plaintiff seeks to recover damages on behalf of all purchasers of Arbitron's common stock during the Class Period, which is between July 19, 2007 and November 26, 2007. If you purchased or otherwise acquired Arbitron's common stock during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. You may request that the Court appoint you as lead plaintiff no later than sixty days from April 30, 2008.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody has offices located in New York and Los Angeles.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by e-mail at SSBNY@aol.com, by calling toll-free 1-800-337-4983, or by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Contact Information

  • Contact:
    Tzivia Brody, Esq.
    Stull, Stull & Brody
    Email Contact
    1-800-337-4983
    fax: 212/490-2022
    6 East 45th Street
    New York, NY 10017