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Class Action Filed Against Manugistics Group, Inc. and Others.


NEW YORK--(BUSINESS WIRE)--July 8, 1998--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 June 12, 1998 in the United States District Court for the District of Maryland The United States District Court for the District of Maryland is the Federal district court whose jurisdiction is the state of Maryland.

Notable judges in this district include William Paca, a signer of the United States Declaration of Independence.
, Southern Division, on behalf of all persons who purchased or otherwise acquired the common stock of Manugistics Group, 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
:MANU) ("Manugistics" or the "Company"), between February 13, 1998 and May 22, 1998, inclusive (the "Class Period").

The complaint charges Manugistics and certain officers and directors of the Company during the relevant time period with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's business, operations and sales. Because of the issuance of a series of false and misleading statements, the price of Manugistics common stock was artificially inflated during the Class Period. Prior to the disclosure of the adverse facts described above, certain officers and directors of Manugistics sold significant amounts of Manugistics common stock to the unsuspecting investing public. These sales generated proceeds in excess of $6.7 million. In addition to these profitable insider sales, Manugistics was able to use its artificially inflated stock as currency to complete a significant acquisition.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 of Milberg Weiss Bershad Hynes & Lerach LLP LLP - Lower Layer Protocol  ("Milberg Weiss"), Law Offices Of Dennis Johnson and Tydings & Rosenberg. Milberg Weiss maintains offices in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, San Diego, Los Angeles and San Francisco and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in numerous important actions on behalf of defrauded investors, and is responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For more information about Milberg Weiss, please visit our website at www.milberg.com. The Law Offices Of Dennis Johnson and Tydings & Rosenberg similarly have substantial experience in the prosecution of complex 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.
.

If you are a member of the class described above, you may, not later than sixty days from June 12, 1998, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Milberg Weiss (Steven G. Schulman or Samuel H. Rudman) at One Pennsylvania Plaza, 49th Floor, 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
, New York 10119-0165 or Law Offices Of Dennis Johnson (Dennis Johnson) at 1690 Williston Road, South Burlington, Vermont South Burlington is a city in Chittenden County, Vermont, in the United States. As of the 2000 census, the city population was 15,814. It is composed of multiple sets of suburban neighborhoods and a commercial center, which the residents are slowly converting to a downtown.  05403.

   CONTACT:  Milberg Weiss Bershad Hynes & Lerach LLP
              Steven G. Schulman
              Samuel H. Rudman
              E-Mail: classact@microweb.com.
              1-800-320-5081
                        or
              Law Offices Of Dennis Johnson
              Dennis Johnson
              802/862-0030


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jul 8, 1998
Words:480
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