Burt & Pucillo Announces Class Action Lawsuit Against Micro Focus Group PLC.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Jan. 27, 1999--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 on Jan. 26, 1999, in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , on behalf of all former shareholders of Intersolv Inc. ("Intersolv"), who acquired the American Depository Shares of Micro Focus Group, PLC ("Micro Focus" or the "Company"), as a result of the stock-for-stock merger of Intersolv and Micro Focus, announced the law firm of Burt & Pucillo, LLP LLP - Lower Layer Protocol . The Complaint asserts claims against Micro Focus and certain officers for violations of the Securities Act of 1933 as well as 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. The Complaint alleges that the Prospectus and Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. in connection with the Intersolv merger with Micro Focus failed to disclose that Micro Focus was experiencing significant operational and organizational problems at the time the merger agreement was entered into which had a material adverse impact on the success of the merger. Plaintiff seeks to recover damages on behalf of the Class, and is represented by the law firm of Burt & Pucillo, LLP. The firm of Burt & Pucillo, LLP, based in West Palm Beach, has acted as lead counsel in a number of major shareholder actions in Florida and throughout the United States. For further information on the firm's prior experience in class and securities 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. 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, or have any questions concerning this notice, 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: cbmp@flinet.com. If you are a member of the Class described above, you may, not later than Feb. 2, 1999, move the Court to serve as lead plaintiff if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. |
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