Cambridge Technology Partners Announces Dismissal of Lawsuit Filed Related to 1998 Acquisition of Excell Data Corporation.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 3, 2000 Cambridge Technology Partners (Massachusetts), Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CATP CATP Cambridge Technologies (stock symbol) CATP Coverage Acceptance Test Plan CATP Committee of Adaptation to Technical Process ) (Cambridge), a global e-business solutions provider, today announced that the United States District Court for the District of Massachusetts The United States District Court for the District of Massachusetts is the Federal district court whose jurisdiction is the Commonwealth of Massachusetts. The first court session was held in Boston in 1789. granted summary judgment dismissing in its entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. a lawsuit brought in connection with Cambridge's 1998 acquisition of Excell Data Corporation. 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. was brought by certain former shareholders of Excell who received shares of Cambridge stock and made certain allegations concerning violations of the federal securities laws, as well as state law. Cambridge's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jack Messman stated, "We are extremely pleased with the decision by the federal court in Boston. Throughout the course of the litigation, Cambridge steadfastly maintained that the lawsuit lacked merit. The Court's decision today justifies our vigorous defense of these claims and affirms our conduct associated with this transaction." About Cambridge Technology Partners Cambridge Technology Partners is a global e-solutions provider. Working in collaboration with Global 1000, high-velocity middle market companies and .com start-ups, Cambridge combines a deep understanding of New Economy issues with integrated, end-to-end services and a proven track record of shared risk and rapid, guaranteed delivery. Cambridge generated $612 million in 1998 and has more than 4,500 employees and 55 offices worldwide. Cambridge on the Web: http://www.ctp.com. |
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