National Lampoon NLMP Stock Purchasers File Securities Fraud Class Action Lawsuit Complaint Against National Lampoon.
A securities fraud class action lawsuit has been filed against National Lampoon formerly Alternext (“National Lampoon” or “Defendant”) in the United States District Court for the Central District of California on behalf of a class consisting of purchasers of National Lampoon common stock (symbol: NLMP) between March 1, 2008 to December 15, 2008 (the “Class Period”), alleging that National Lampoon and certain of its directors and officers violated federal securities fraud laws, by allegedly engaging in a scheme to inflate the price of National Lampoon stock by paying consultants to purchase stock to puportedly create the illusion of an active and liquid market in National Lampoon shares, according to National Lampoon securities fraud class action lawsuit news reports.
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