Berman, Devalerio & Pease LLP Announces Shareholder Class Action Against MicroStrategy Incorporated.Business Editors & Legal Writers BOSTON--(BUSINESS WIRE)--March 31, 2000 Berman, DeValerio & Pease pease n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. LLP LLP - Lower Layer Protocol a law firm specializing in representing shareholders in class action lawsuits 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 , issues the following press release: MicroStrategy Inc. (Nasdaq:MSTR MSTR Microstrategy, Inc (stock symbol) MSTR Master MSTR Minneapolis and St. Louis (railroad) MSTR Master Mode ) was charged with overstating its revenues and earnings in a shareholder class action filed by Berman, DeValerio & Pease LLP 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 March 22, 2000. The case, which alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, was filed on behalf of all persons and entities who purchased the common stock of MicroStrategy Inc. during the period June 11, 1998 through and including March 18, 2000 (the "Class Period") and who suffered losses on their investments. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the complaint, MicroStrategy's financial results for fiscal years ended December 31, 1998 and 1999 were materially 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 as a result of prematurely recognizing revenue from software sales and servicing contracts. On March 20, 2000, before the market opened, MicroStrategy revealed that it would be restating its financial results for the entire Class Period because revenues and earnings had been overstated due to premature and improper
If you purchased MicroStrategy Inc. common stock during the Class Period and suffered a loss on your investment, you may wish to contact the lawyers at Berman, DeValerio & Pease LLP to discuss your rights and interests: Michael Sullivan, Esq. Jeffrey C. Block, Esq. Berman, DeValerio & Pease LLP One Liberty Square Boston, MA 02109 E-Mail: bdplaw@bermanesq.com. (800) 516-9926 You can also visit us at our website at www.bermanesq.com. In addition, under the federal securities laws you may, but not later than sixty days from March 20, 2000, move the court to serve as lead plaintiff of the Class, if you so choose. To serve as lead plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Berman, DeValerio & Pease LLP to discuss your rights regarding the appointment of lead plaintiff. Berman, DeValerio & Pease LLP is among the leading firms in the nation specializing in representing shareholders in securities class actions and has substantial experience in prosecuting accounting frauds. The firm has been appointed lead counsel in numerous actions involving companies that issue false financial information, has successfully litigated these actions, and has been singled out for its excellence by many courts. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion