SOURCE: Rosen Law Firm PA

November 08, 2005 19:00 ET

Investor Notice: The Rosen Law Firm Files Class Action on Behalf of Purchasers of Pegasus Communications Common Stock and Seeks to Recover Losses

NEW YORK, NY -- (MARKET WIRE) -- November 8, 2005 -- The Rosen Law Firm (http://www.rosenlegal.com) announced today that it has filed a class action in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of Pegasus Communications Corp. ("Pegasus") (OTC: PGTV) common stock during the period from November 10, 2000 through June 2, 2004 (the "Class Period").

To join the Pegasus class action as a plaintiff or for further information, please call Laurence Rosen, Esq. toll-free at (866) 767-3653 or email lrosen@rosenlegal.com.

You can also join the class action online at http://www.rosenlegal.com .

The Complaint alleges that Pegasus and certain of its management violated §10b and Rule 10b-5 of the federal securities laws by failing to disclose its "exclusive" distribution rights for DirecTV services could be terminated without cause prior to 2008. On June 2, 2004 Pegasus disclosed that its exclusive rights to distribute DirecTV services had been terminated. That same day certain Pegasus' operating subsidiaries filed for bankruptcy protection, damaging investors.

The Rosen Law Firm has already filed a class action lawsuit on behalf of Pegasus shareholders. The case is styled as Madden v. Pagon, Civ. No. 05-5868. If you wish to serve as a lead plaintiff, you must move the Court no later than sixty days from today.

If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com. 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. You may also remain an absent class member.

The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.

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