03-04-2003, 10:37 AM
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Registered User
Industry Role:
Join Date: May 2001
Location: Са́нкт-Петербу́рг
Posts: 10,945
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Quote:
Plaintiff alleges that, during the Class Period, defendants made material misrepresentations and/or omitted to make material disclosures due to their false assurances that the adult pornography internet portion of their merchant processing business was insignificant and due to their failure to disclose that VISA regulations implemented on November 1, 2002, which were targeted specifically to address risks of internet pornography card processing, had caused a material loss of business.
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