Friday, May 15, 2009 - It's A Question Of Class

And by class I mean class action suit

Two Class Action Suits Filed Against Bidz.comTwo legal firms, the law offices of Howard G. Smith and Barrack, Rodos & Bacine, have filed separate class-action lawsuits against auction website for securities fraud. On behalf of those who purchased common stock of (BIDZ) between August 13 and November 26, 2007, the two firms allege that inflated the price of its stock by issuing misleading statements that disguised the company's problems. Attorneys for contend that the plaintiff's allegations are without merit, as they are based on a November 2007 report by Citron Research, which has since admitted that it held a short position in stock at the time of the report.
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