Class Action Filed Against Micromuse, Inc. by Stull, Stull & Brody on Behalf of Shareholders Who Purchased Securities between January 20, 2000 and December 29, 2003.Business Editors/Legal Writers LOS ANGELES--(BUSINESS WIRE)--Feb. 13, 2004 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 in U.S. District Court for the Northern District of California on behalf of purchasers (the "Class") of Micromuse, Inc. ("Micromuse" or the "Company") between January 20, 2000 and December 29, 2003, inclusive (the "Class Period"). Micromuse is traded on the Nasdaq Stock Exchange under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors MUSEE (NasdaqNM:MUSEE). Defendants include Micromuse, Stephen A. Allott, Gregory Q. Brown, Michael Luetkemeyer, James Degolia, Michael Donahue, Michael Jackson Noun 1. Michael Jackson - United States singer who began singing with his four brothers and later became a highly successful star during the 1980s (born in 1958) Michael Joe Jackson, Jackson , David Schwab, Peter Shearan and Michael Foster Michael Foster could be
The Complaint alleges that on December 30, 2003, the Company announced that it would delay the filing of its fiscal year 2003 Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. pending an internal inquiry regarding the accounting of accrued expenses Accrued Expense An accounting expense recognized in the books before it is paid for. It is a liability, usually current. These expenses are typically periodic and documented upon a company's balance sheet due to the high probability of collection. and expense recognition. The Company announced that as a result, it would likely restate historical financial statements, including adjustments to previously published financial results for the fiscal years ending September 30, 2001, 2002 and 2003. As a result of defendants' conduct, plaintiff and Class members purchased Micromuse shares at artificially inflated prices and were damaged thereby. Plaintiff seeks to recover damages on behalf of the Class and is represented by the law firm of Stull stull n. 1. A supporting timber or other prop in a mine. 2. A platform braced against the sides of a working area in a mine. , Stull & Brody which has significant experience and expertise in prosecuting class actions on behalf of investors. If you are a member of the Class described above, you may, no later than March 15, 2004 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. If you wish to discuss this action, or have any questions concerning this notice, or your rights with respect to this action, please visit our website at www.secfraud.com or contact the following: Michael D. Braun, Esq. Stull, Stull & Brody Telephone: 310-209-2468 Toll-free: 888-388-4605 Email: info@secfraud.com Web-site: www.secfraud.com |
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