STRATEGIC PARTNERS
November 29, 2001
Four different legal firms in three states have filed class action lawsuits involving Tidel Technologies Inc., (Nasdaq: ATMS - news) an ATM manufacturer based in Houston.
The first, filed Oct. 31 by Schoengold & Sporn of New York, was reported on ATMmarketplace Nov. 1. (Law firm seek Tidel stockholders to join lawsuit). Three firms have filed similar actions in the United States District Court for the Southern District of Texas, all seeking purchasers of Tidel stock between the dates April 6, 2000 and Feb. 8, 2001, to join in the class action.
It's not unusual for more than one law firm to file on behalf of shareholders in class action lawsuits. The firms who filed during the period of Nov. 9-12 are Stull, Stull & Brody of New York; Law Offices of Charles J. Piven, P.A. of Baltimore; and The Emerson Firm of Houston.
None of the firms responded to requests for information from ATMmarketplace.
On Nov. 5, Tidel reported that board member James L. Britton had resigned Oct. 11. It also said three other members of its Board of Directors purchased Tidel stock on the open market (One Tidel director resigns, others purchase stock).
