Quanta Capital Holdings, Ltd. in Securities Class Action Lawsuit

A class Action lawsuit has been filed in the United States District Court for the Southern District of New York, on behalf of all persons who purchased or acquired Quanta Capital Holdings, Ltd. common or preferred shares between December 14, 2005 and March 2, 2006.

The complaint alleges that Defendants Quanta, Quanta officers and/or directors James J. Ritchie, Jonathan J.R. Dodd, Robert Lippincott, III, Michael J. Murphy, Nigel W. Morris, W. Russell Ramsey, Wallace L. Timmeny, and underwriters Friedman, Billings & Ramsey, Ltd. and BB&T Capital Markets made, or facilitated, misleading statements in two prospectuses issued in connection with the December 14, 2005 offering of 11,423,340 common shares at $4.75 per share and 3,000,000 10.25% Series A preferred shares at $25 per share.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Quanta common or preferred shares during the Class Period.

If you purchased or otherwise acquired Quanta common or preferred shares during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff.

Link [www.marketwire.com/mw/release_html_b1?release_id=211558]

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