If you are a member of this class and wish to view a copy of a complaint and join this class action, please e-mail us at email@example.com and request a copy of the complaint and a plaintiff certification. If you are a member of the Class, you may move the Court no later than June 5, 2006 to serve as a lead plaintiff for the Class. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. However, if you choose to remain an absent class member, unless and until a class is certified, you are not represented by counsel.
The complaint alleges that Defendants violated Sections 11 and 15 of the Securities Act of 1933. In particular, the complaint alleges that in connection with the Company's Secondary Offering, TNS filed a Registration Statement in which they failed to disclose that:
-- An agreement the Company entered with the Pepsi Bottling Group had been delayed well beyond August 7, 2005;
-- At the time of the Secondary Offering, TNS's contract with the Royal Bank of Scotland was generating less revenue than expected;
-- At the time of the Secondary Offering, the Company's International Services Division was experiencing poor financial results due to unfavorable exchange rates.
On October 20, 2005, TNS indicated in a press release that its financial results for the third quarter of 2005 had missed its revenue guidance due to delays in the Pepsi Bottling contract, the impact of unfavorable exchange rates, and from a marked reduction in transaction volume from its dealings with the Royal Bank of Scotland. In reaction to the news, shares of TNS fell 19%.
If you bought TNS securities pursuant to the Company's Secondary Offering of common stock on or about September 16, 2005, and would like to obtain information about the lawsuit, then you are invited to call (888) 753-2796 to speak with an advisor.