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Berger & Montague, P.C. Files Shareholder Class Action Lawsuit Against Unify Corporation.


    Business Editors/Legal Writers

      PHILADELPHIA--(BUSINESS WIRE)--Sept. 6, 2000--The following notice
is issued by the law firm of Berger & Montague, P.C. on behalf of its
client, who on August 10, 2000, filed a complaint in a lawsuit in the
United States District Court for the Northern District of California,
Civil Action No: C00 2880 on behalf of all persons who purchased
securities of Unify Corporation (Nasdaq: UNFYE -news; "Unify")
during the period May 19, 1999 through July 28, 2000 (the "Class
Period").
      The complaint charges Unify and certain of its officers and
directors with violations of the Securities Exchange Act of 1934. The
complaint alleges that after the Initial Public Offering in June 1996,
Unify's stock was a poor performer and traded below the offering price
of $6 for much of 1997 and 1998 and Unify reported little in the way
of revenue and earnings growth. In early 1999, the insiders sought to
take advantage of the boom in Internet company stock prices so they
could sell their personal Unify stock for large gains. To that end,
the individual defendants caused Unify to issue false financial
results and make false statements during the Class Period concerning
Unify's results and demand for new products, causing Unify's stock to
trade at artificially inflated levels as high as $37-1/2. Defendants
took advantage of this inflation by selling 700,288 of their personal
Unify shares for proceeds exceeding $7.8 million.
      On July 31, 2000, Unify issued a press release disclosing that the
Company had engaged in improper accounting and admitting that its
fiscal 1999 and fiscal 2000 results had been false, that portions of
its previously reported revenues had been "improperly recognized"
and that its top two officers had been placed on administrative leave.
Trading in Unify's stock was halted, after last trading at $3-5/16 and
trading has not resumed.
      Plaintiff seeks to recover damages on behalf of all purchasers of
Unify securities during the Class Period (the "Class"). The law firm
of Berger & Montague, P.C. has over 50 attorneys, all of whom
represent plaintiffs in complex 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., Sunbeam, Alcatel, Boston
Chicken and IKON Office Solutions, 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 purchased Unify Corporation common stock between May
19,1999 and July 28, 2000, you may no later than September 29, 2000
request that the Court appoint you as lead plaintiff. A lead plaintiff
is a representative party that acts on behalf of other class members
in directing the litigation.
      In order to be appointed lead plaintiff, the Court must determine
that the class member's claim is typical of the claims of other class
members, and that the class member will adequately represent the
class. Under certain circumstances, one or more class members may
together serve as "lead plaintiff." Your ability to share in any
recovery is not, however, affected by the decision whether or not to
serve as a lead plaintiff.
      You may retain Berger & Montague, P.C., or other counsel of your
choice, to serve as your counsel in this action. If you wish to join
this action or have any questions please contact:

     Sherrie R. Savett, Esquire
     Karen S. Orman, Esquire
     Kimberly A. Walker, Investor Relations Manager
     Berger & Montague, P.C.
     1622 Locust Street
     Philadelphia, PA 19103
     Phone:    888/891-2289 or 215/875-3000
     Fax:      215/875-5715
     Website:  http://home.bm.net
     e-mail:   InvestorProtect@bm.net

    --30--SW/ph*

    CONTACT: Berger & Montague, P.C.
             Sherrie R. Savett, Esquire
             Michael T. Fantini, Esquire
             Kimberly A. Walker, Investor Relations Manager
             Phone: 888/891-2289 or 215/875-3000
             Fax: 215/875-5715
             Website: http://home.bm.net

    TICKERS: NASDAQ:UNFYE
    KEYWORD: PENNSYLVANIA
    INDUSTRY KEYWORD: GOVERNMENT LEGAL/LAW CLASS ACTION LAWSUITS
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 6, 2000
Words:793
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