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Burt & Pucillo, LLP Announce Notice of Pendency of Class Action.


Business Editors/Legal Writers

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 12, 2000

Pursuant to Section 21D(a)(3)(A)(i) of the Securities Exchange Act of 1934, Notice is hereby given that on September 8, 2000, 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
 alleging violations of the federal securities laws was filed in the United States District Court for the Northern District of California The United States District Court for the Northern District of California is the Federal district court whose jurisdiction comprises following counties: Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Monterey, Napa, San Benito, San Francisco, San Mateo, Santa  against Unify Corporation (company) Unify Corporation - Developers of the Unify relational database. At one time, before Sybase, they were a competitor of Oracle, et al.

http://unify.com/.

ftp://ftp.unify.com/.
, ("Unify" or the "Company") (Nasdaq:UNFY) (Nasdaq:UNFYE), Reza Mikailli, and Gary Pado. The action is styled Zolnai v. UNIFY Corporation, et al., Case Number C-00-20933-EAI and is currently pending before Judge Edward A. Infante in·fan·te  
n.
A son of a Spanish or Portuguese king other than the heir to the throne.



[Spanish and Portuguese, both from Latin
. The action is brought on behalf of a class of persons who purchased the common stock and call options of Unify during the period from May 19, 1999 through and including July 28, 2000 (the "Class Period").

The lawsuit charges Unify and certain of its officers with violations of the federal securities laws by issuing materially false and misleading financial statements. On July 31, 2000, Unify disclosed that the "company has engaged in improper accounting practices and that portions of Unify's reported revenues for its fiscal year ended April 30, 2000 were improperly recognized." The Company further disclosed that "issues have also been raised which indicate that portions of Unify's reported revenues for its fiscal year ended April 30, 1999 may have been improperly recognized." As a result of the improper accounting practices, Unify disclosed that it will restate its financial results for each of the first three quarters of fiscal year 2000 and will "substantially revise" its previously reported fourth quarter financial results for fiscal year 2000. Further, Unify's President and Chief Financial Officer have been placed on administrative leave pending an investigation by the Company's audit committee. During the Class Period, the Company's President and Chief Financial Officer collectively sold approximately $7.8 million of Unify stock. As a result of the Company's disclosure on July 31, 2000, NASDAQ halted trading in Unify stock, and as of the date of this press release, trading has not resumed.

This action was filed by the firm of Burt & Pucillo, LLP LLP - Lower Layer Protocol  of West Palm Beach, Florida West Palm Beach, also known as West Palm, is the most populous city in Palm Beach County, Florida, USA. The city is also the oldest incorporated municipality in South Florida. According to the University of Florida's 2006 estimates, the city had a population of 107,617. . The firm of Burt & Pucillo, LLP concentrates its practice in the representation of individual and institutional investors Institutional Investor

A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions.
 in class action claims under the federal securities laws in Florida and throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For further information on the firm's prior experience in class and securities litigations and expertise in the prosecution of such claims, or if you are a member of the Class described above and wish to serve as a lead plaintiff in this action you may contact Plaintiff's counsel, Michael J. Pucillo or Wendy H. Zoberman at Burt & Pucillo, LLP, at 561/835-9400 or 800/349-4612, or e-mail address See Internet address.

e-mail address - electronic mail address
: law@burt-pucillo.com or burtpucill@aol.com, or visit us at our web site at www.burtpucillo.com. A lead plaintiff is a representative party that acts on behalf of other class members in directing the 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.
. For purposes of appointing a lead plaintiff, in a securities class action, the court applies a presumption that the most adequate plaintiff is the person or, in certain circumstances, group of persons who: filed a complaint or made a motion to be appointed lead plaintiff; has the largest financial interest in the relief sought by the class; and otherwise satisfies the requirements of Rule 23 of the Federal Rules of Civil Procedure The Federal Rules of Civil Procedure (FRCP) are rules governing civil procedure in United States district (federal) courts, that is, court procedures for civil suits. The FRCP are promulgated by the United States Supreme Court pursuant to the Rules Enabling Act, and then approved , including 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. 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 Burt & Pucillo, LLP, or other counsel of your choice, to serve as your counsel in this action. Motions for appointment of a lead plaintiff must be filed on or before September 29, 2000.
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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 12, 2000
Words:649
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