[2] Shareholder Class Action Filed Against MicroStrategy Incorporated by the Law Firm of Schiffrin & Barroway, LLP.Business Editors/Legal Writers BALA CYNWYD, Pa.--(BUSINESS WIRE)--March 20, 2000 The following statement was issued today by the law firm of Schiffrin & Barroway, LLP LLP - Lower Layer Protocol : Notice is hereby given that a class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax was filed in the United States District Court for the Eastern District of Virginia The United States District Court for the Eastern District of Virginia is one of two United States district courts serving the Commonwealth of Virginia. History During the 1960s, Judge Albert V. Bryan Jr. on behalf of all purchasers of the common stock of MicroStrategy Incorporated (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MSTR MSTR Microstrategy, Inc (stock symbol) MSTR Master MSTR Minneapolis and St. Louis (railroad) MSTR Master Mode ) from June 11, 1998 through March 17, 2000, inclusive (the "Class Period"). If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Robert B. Weiser, Esq.) toll free at 888/299-7706 or 610/667-7706, or via e-mail at info@sbclasslaw.com. The complaint charges MicroStrategy and certain of its officers and directors with reporting materially false and misleading financial results throughout the Class Period. During 1998 and 1999, defendants significantly overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o MicroStrategy's revenues and earnings per share by improperly recognizing revenue in connection with software sales/service contracts. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, LLP, who has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. For more information on Schiffrin & Barroway, please visit our website at www.sbclasslaw.com. If you are a member of the class described above, you may, not later than May 19, 2000, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion