Cauley & Geller, LLP Announces That a Fraud Lawsuit has Been Filed On Behalf of Investors of Tenfold Corporation.Business Editors & Legal Writers SAN DIEGO--(BUSINESS WIRE)--Aug. 21, 2000 The Law Firm of Cauley & Geller, LLP LLP - Lower Layer Protocol has filed a class action in the United States District Court for the District of Utah The United States District Court for the District of Utah is the Federal district court whose jurisdiction is the state of Utah. The court is based in Salt Lake City. The United States Attorney's Office for the District of Utah on behalf of all individuals 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. that purchased the securities of Tenfold tenfold Adjective 1. having ten times as many or as much 2. composed of ten parts Adverb by ten times as many or as much Adj. 1. Corporation ("Tenfold" or the "Company") (Nasdaq:TENF) between January 18, 2000 and August 14, 2000, inclusive (the "Class Period") The complaint charges Tenfold and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements with respect to Tenfold's ability to deliver its products as promised. The complaint also alleges that defendants made false and misleading statements concerning the revenues to be derived from the Company's software sales and the quality of its receivables. These statements and omissions artificially inflated the price of Tenfold stock to a Class Period high of $70. During this period, defendants sold 508,000 shares of Tenfold stock for proceeds of $26.5 million. Cauley & Geller, LLP has substantial experience representing investors in securities fraud 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 such as this. The firm has offices in California, Florida, and Arkansas, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com. If you wish to become a lead plaintiff, you must file the appropriate motion with the Court on or before October 15, 2000. If you need information, please contact: CAULEY & GELLER, LLP Sue Null A character that is all 0 bits. Also written as "NUL," it is the first character in the ASCII and EBCDIC data codes. In hex, it displays and prints as 00; in decimal, it may appear as a single zero in a chart of codes, but displays and prints as a blank space. 225 Broadway, Suite 1900 San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA 92101 E-mail: : info@classlawyer.com 1-888-551-9944 - toll free www.classlawyer.com |
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