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SIOUX FALLS, S.D. (AP) Some investors claim Daktronics of Brookings issued false and misleading statements and violated federal securities laws.

Two lawsuits both seeking class-action status have been filed in Sioux Falls federal court against Daktronics, which makes electronic display billboards and scoreboards.

Two top officials are accused of spreading misleading statements and-or concealing negative financial information.

Daktronics' treasurer and chief financial officer, William Retterath, says he doesn't think any rules were violated and that the company and its officers will "vigorously" defend themselves.

Information from: Argus Leader, http://www.argusleader.com (Copyright 2008 by The Associated Press. All Rights Reserved.) APNP 11-19-08 0903CST | save this article / add to your favorites list