EFTC faces insider trading suit

GREELEY – The severe beating taken by EFTC Corp. common stock this past summer has spawned a class-action lawsuit. A lawsuit alleging insider trading by certain officers and directors of EFTC has been filed on behalf of purchasers of EFTC common stock between April 6, 1998, and Aug. 20, 1998.

The lawsuit was filed in Weld County District Court in Greeley Sept. 17. Craig Anderson, the plaintiff bringing the lawsuit, is charging Denver-based EFTC, its officers, directors and lead underwriter with violations of securities laws in regard to a secondary stock offering conducted in June.

EFTC president and CEO Jack Calderon said…