| Company: | Pzena Investment Management, Inc. |
| Ticker Symbol: | NYSE: PZN |
| Initial Public Offering: | October 24, 2007 |
| Date Filed: | Jan-16-08 |
| Lead Plaintiff Deadline: | Jan-22-08 |
| Court: | Southern District, NY |
| Allegations: |
A lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of its client and on behalf of other similarly situated purchasers of Pzena Investment Management, Inc. ("Pzena" or the "Company") (NYSE:PZN) common stock pursuant and/or traceable to the Company's October 24, 2007 Initial Public Offering (the "IPO"). The complaint charges Pzena and Richard C. Pzena with violations of the Securities Act of 1933 (the "Securities Act").
Specifically, the complaint alleges that, in connection with the IPO, defendants issued numerous materially false and misleading statements which caused Pzena's securities to trade at artificially inflated prices. As alleged in the complaint, the Company's registration statement for the IPO failed to disclose a pattern of net redemptions in the largest mutual fund advised by Pzena, which existed at the time of the IPO. The subsequent disclosure of these facts three weeks later resulted in the price of the Company's common stock declining, causing Plaintiff and the other members of the Class to suffer damages.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
Specifically, the complaint alleges that, in connection with the IPO, defendants issued numerous materially false and misleading statements which caused Pzena's securities to trade at artificially inflated prices. As alleged in the complaint, the Company's registration statement for the IPO failed to disclose a pattern of net redemptions in the largest mutual fund advised by Pzena, which existed at the time of the IPO. The subsequent disclosure of these facts three weeks later resulted in the price of the Company's common stock declining, causing Plaintiff and the other members of the Class to suffer damages.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
