Class Action filed against EIS International.NEW YORK--(BUSINESS WIRE)--June 4, 1997--The following notice is being issued by the law firm of Zwerling, Schachter, & Zwerling, LLP LLP - Lower Layer Protocol of New York, New York, on behalf of certain investors of EIS (1) (Executive Information System) An information system that consolidates and summarizes ongoing transactions within the organization. It provides top management with all the information it requires at all times from internal and external sources. International, 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 : EISI EISI Emerging Information Systems Inc. (Winnipeg, Manitoba, Canada) EISI Endeavor Information System, Inc ) ("EIS" or the "Company"): You are hereby notified that on June 4, 1997, a securities fraud 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 entitled Ronald Romano, et al., v. EIS International, Inc., et al., Civil Action No. 397CV00813RNC RNC Republican National Committee (US) RNC Republican National Convention RNC Radio Network Controller RNC Royal Newfoundland Constabulary (provincial police force) was filed in the United States District Court for the District of Connecticut The United States District Court for the District of Connecticut is the Federal district court whose jurisdiction is the state of Connecticut. The court has offices in Bridgeport, Hartford and New Haven. against EIS and certain of its directors and officers (collectively, the "Defendants"). The lawsuit has been brought on behalf of all persons who purchased or otherwise acquired the stock of EIS during the period November 28, 1995 through and including March 31, 1996 (the "Class Period"). The complaint in the action alleges that during the Class Period, defendants engaged in a fraudulent scheme and course of business that operated as a fraud and deceit on all persons who purchased or otherwise acquired EIS's stock. Defendants fraudulent scheme and course of business included, but not limited to, making materially false and/or misleading statements regarding the operations of EIS and its acquisitions of Surefind Information, Inc. and Cybernetics cybernetics [Gr.,=steersman], term coined by American mathematician Norbert Wiener to refer to the general analysis of control systems and communication systems in living organisms and machines. Systems International, Inc. These materially false or misleading statements enabled certain individual defendants to sell thousands of shares of EIS common stock at inflated prices by trading on undisclosed inside information. As a result of the defendants' violations of law, the market price of EIS stock during the Class Period rose as high as $30.00 per share. Following the announcement of EIS' financial results for the quarter ended December31, 1996, the price of EIS' common stock dropped significantly causing substantial losses to the plaintiff and Class. If you purchased EIS stock during the period November 28, 1995 through and including March 31, 1997, you may, by June 27, 1997, move the court to serve as lead plaintiff. To serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this lawsuit or have any questions regarding this notice, the lawsuit, or your rights and interests, you may contact counsel listed below: Robert S. Schachter, Esq. Oren S. Giskan, Esq. ZWERLING, SCHACHTER & ZWERLING, LLP 767 Third Avenue New York, N.Y. 10017-2023 800/721-3900 - Telephone 212/371-5969 - Fax E-mail ZLAW96@IX.NETCOM NETCOM Network Enterprise Technology Command (US Army) NetCom Network Command (information systems) .COM Zwerling, Schachter & Zwerling, LLP has substantial experience in prosecuting securities, consumer and antitrust class actions. This firm has been recognized by state and federal courts throughout the country for its expertise in complex litigations and has obtained excellent recoveries for defrauded investors on numerous occasions. For additional information about Zwerling, Schachter & Zwerling, LLP, see the firm's website at http://www.zsz.com. CONTACT: Zwerling, Schachter & Zwerling, LLP Robert S. Schachter, Esq./Oren S. Giskan, Esq. 800/721-3900 or fax 212/371-5969 E-mail ZLAW96@IX.NETCOM.COM |
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