The Briscoe Law Firm, PLLC, founded by a former state prosecutor and
enforcement attorney for the United States Securities and Exchange
Commission, and the law firm of Cash Powers Taylor, LLP are
investigating potential legal claims available to purchasers of DJSP
Enterprises, Inc. (“DJSP” or “Company”) (NASDAQ: DJSP) during the period
of March 16, 2010 and May 27, 2010.
DJSP and certain of its officers and directors allegedly violated the
Securities Exchange Act of 1934 by issuing materially false and
misleading statements and failing to disclose certain facts known to
them regarding the Company’s business and financial results.
Specifically, on March 11, 2010, the Company issued statements assuring
investors that it would continue to profit and earn revenue as usual,
despite the Obama Administration’s efforts to curb real estate
foreclosures. Additionally, the Company stated that DJSP would continue
to be profitable in subsequent years and that its business would not be
affected by the government’s involvement in the mortgage markets.
However, in April 2010, when the Company’s largest clients began real
estate foreclosure conversion systems, DJSP revenue from mortgage
foreclosure began to substantially decline. As a result of defendants’
false statements, DJSP’s stock traded at artificially inflated prices
during the Class Period.
If you currently own or purchased DJSP shares and would like additional
information regarding this investigation or if you have information
regarding the allegations against the company, please contact Patrick
Powers at Cash Powers Taylor, LLP, toll free (877) 728-9607, via e-mail
at patrick@cptlawfirm.com,
or The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com.
There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation, commercial
transaction, and public advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Cash Powers Taylor, LLP is a boutique litigation law firm that handles a
variety of complex business litigation matters, including claims of
investor and stockholder fraud, shareholder oppression, shareholder
derivative suits, and security class actions.
The Briscoe Law Firm, PLLC
Willie C. Briscoe, 214-706-9314
214-706-9315
Facsimile
WBriscoe@TheBriscoeLawFirm.com
or
Cash
Powers Taylor, LLP
Patrick W. Powers, 214-239-8900
214-265-9514
Facsimile
Patrick@cptlawfirm.com