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Rosetta Stone, Inc. Message Board

  • idatechicks idatechicks Mar 28, 2011 10:05 AM Flag

    Lawsuit Filed

    A securities class action complaint has been filed against Virginia-based Rosetta Stone, Inc. (NYSE: RST) in the United States District Court for the Eastern District of Virginia. The lawsuit, filed on behalf of all purchasers of Rosetta Stone common stock from the period of February 25, 2010 to March 1, 2011, alleges that the language education company failed to disclose adverse facts about the company’s true financial condition, business, and prospects. Specifically, the company did not disclose that it faces intense competition for its products and that the favorable sales booking numbers Rosetta Stone reported were due to key retail partners maintaining inventory of the company’s products well above historic levels.

    http://www.classactioncentral.com/2011/03/shareholder-sues-rosetta-stone-over-false-and-misleading-statements/

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    • yeah, i posted right below this.

      What is really interesting is when you go to the right & click on Insider Transactions.

      There you will see Helman (CFO) & Eichmann (COO) automatically selling stock every month.
      And then, look who leaves the company. Seems like a great way to see who is leaving.

      Hope Eichmann gets what he deserves for what he did as COO.
      CFO Helman was the fall guy as he was only the CFO

 
RST
8.70-0.04(-0.46%)Aug 21 4:00 PMEDT

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