The Tube Media Corp.
Vianale & Vianale LLP Files Shareholder Class Action Lawsuit Against The Tube Media Corp.
BOCA RATON, FL (September 19, 2007) – Vianale & Vianale LLP announces that it filed a class action lawsuit on September 19, 2007 on behalf of purchasers of the securities of The Tube Media Corp. (”Tube Media”) (OTC: “TUBM.PK”) between August 19, 2005 and May 10, 2007.A copy of the complaint can be obtained by calling our offices or viewed on Vianale & Vianale LLP’s website at: www.vianalelaw.com. The action (Case No.07-CV-1333-Huck) was filed in the United States District Court for the Southern District of Florida.
The complaint alleges that Tube Media, and certain of its officers and directors, violated the Securities Exchange Act of 1934. During the class period, defendants made false public statements and omitted material information about Tube Media’s failure to pay employee payroll taxes to the government. The Company also failed to account properly on its financial statements for compensation expense. Tube Media currently trades at $0.015.
If you bought the securities of Tube Media between August 19, 2005 and May 10, 2007, no later than November 19, 2007, you may move the court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The court must determine whether the class member’s claim is typical of other members’ claims, and whether the class member will adequately represent the class. Your ability to recover is not affected by the decision whether or not to serve as a lead plaintiff. Vianale & Vianale LLP is active in major litigations pending in federal and state courts. More about the firm is available on its website.
If you wish to discuss this case with us, or you have any questions concerning this notice, please contact:
Kenneth J. Vianale, Esq.
Julie Prag Vianale, Esq.
Vianale & Vianale LLP
2499 Glades Road, Suite 112
Boca Raton, FL 33431
888-657-9960 (Toll Free)
561-392-4750
Email info@vianalelaw.com