Berger & Montague, P.C. Announces a Class Action Lawsuit Has Been Filed Against Cyber-Care, Inc.Business Editors/Legal Writers PHILADELPHIA--(BUSINESS WIRE)--June 2, 2000 The following notice is issued by the law firm of Berger & Montague, P.C. on behalf of its client, who on June 1, 2000, filed a complaint in a lawsuit in the United States District Court for the Southern District of Florida The United States District Court for the Southern District of Florida (S.D.Fl.) is the federal district court covering the southern part of the state of Florida. The court's jurisdiction comprises the following counties: Broward, Dade, Highlands, Indian River, Martin, Monroe, , on behalf of all persons who purchased the common stock of Cyber-Care, Inc. (Nasdaq: CYBR CYBR Copy Byte Right ) during the period of October 12, 1999 through May 24, 2000. The Complaint charge the Company and its Chief Executive Officer, Michael F. Morrell, with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. thereunder. During the Class Period, defendants made repeated false and misleading statements regarding the successful sales of it Internet based Electronic Housecall System ("EHC EHC Environmental Health Criteria EHC Environmental Health Center (NSC) EHC Eishockeyclub (German) EHC Extended Health Care (Plan) EHC Emory and Henry College "), causing the stock to reach a Class Period high of over $37.00 per share. In May, 2000, it was revealed that the United States Food and Drug Administration United States Food and Drug Administration (FDA), n.pr a unit of the Public Health Service created to protect the health of the nation against impure and unsafe foods, drugs, and cosmetics. was investigating Cyber-Care for violating federal rules prohibiting the sale and restricting the marketing of non-FDA approved products. In addition, many of the "customer" defendants represented as entering into contracts for the purchase of EHC units did not have anywhere near the financial stability to enter into the multi-million dollar contracts. It was also disclosed that an analyst who issued a "Strong Buy" rating for the Company and issued a price target of $52.00 per share was in fact employed by Cyber-Care's own publicity company. In response, the Company's stock has fallen below $5.00 per share. Plaintiffs seek to recover damages on behalf of all purchasers of Cyber-Care common common stock during the Class Period (the "Class"). If you are a member of the Class described above, you may, no later than July 18, 2000 to 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. The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom represent plaintiffs in complex litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . The Berger firm has extensive experience representing plaintiffs in class action securities litigation and has played lead roles in major cases over the past 25 years which have resulted in recoveries in excess of two billion dollars to investors. The firm is currently representing investors as lead counsel in actions against Waste Management, Inc Waste Management, Inc. (NYSE: WMI) is a waste management, comprehensive waste, and environmental services company in North America. The company's network includes 413 collection operations, 370 transfer stations, 283 active landfill disposal sites, 17 waste-to-energy plants, ., Sunbeam, Alcatel, Boston Chicken and IKON Office Solutions IKON Office Solutions (NYSE: IKN) is a Fortune 500 company based in Malvern, Pennsylvania. Formerly part of ALCO Standard. IKON integrates copy machines and fax systems to assist businesses. , Inc. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. For example: "Class counsel did a remarkable job in representing the class interests". In Re: Ikon Offices Solutions Securities Litigation. Civil Action No. 98-4286(E.D.Pa.) (Settled in 2000 for $111 million). "... you have acted the way lawyers at their best ought to act. And I have had a lot of cases... in 15 years now as a judge and I cannot recall a significant case where I felt people were better represented than they are here... I would say this has been the best representation that I have seen." In Re Waste Management Inc. Securities Litigation. Civil Action No. 97-C 7709 (N.D. Ill.) (Settled in 1999 for $220 million). If you have any questions about this notice or the action, or with regard to your rights, please contact: Kimberly A. Walker, Investor Relations Investor relations The process by which the corporation communicates with its investors. Manager at 888/891-2289, 1622 Locust locust, in botany locust, in botany, any species of the genus Robinia, deciduous trees or shrubs of the family Leguminosae (pulse family) native to the United States and Mexico. Street, Philadelphia, PA 19103. If you prefer, you can e-mail the firm at InvestorProtect@bm.net with your name, mailing address and telephone number. |
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