Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Files Class Action Securities Fraud Suit Against SeeBeyond Technology Corp.Business Editors, Legal Writers WASHINGTON--(BUSINESS WIRE)--July 30, 2002 Please take notice that Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Milstein, Hausfeld & Toll, P.L.L.C., has filed, on behalf of its client, 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 in the U.S. District Court for the Central District of California on behalf of persons who purchased the common stock of SeeBeyond Technology Corp. (Nasdaq:SBYN) during the period of December 10, 2001 through April 22, 2002. (Note: other securities fraud class actions have been filed asserting a class period of April 23, 2001 through April 22, 2002.) In addition to SeeBeyond, the suit also names as defendants certain officers and directors of the company. The complaint asserts claims under sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that during the Class Period defendants issued false and misleading statements, and omissions of material fact, concerning SeeBeyond's business and operational results. The complaint asserts that the alleged misconduct, among other things, caused SeeBeyond's stock to trade at artificially inflated levels, and permitted defendants to complete a secondary public offering (including 2 million shares sold by SeeBeyond'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. ) that generated proceeds of $82 million. If you purchased stock of SeeBeyond during any time covered by the suits filed -- from April 23, 2001 through April 22, 2002 -- you may request to serve as a lead plaintiff. The deadline for making such a request is September 2, 2002. If you have questions with regard to your rights or serving as a lead plaintiff, you may contact one of the following: Steven J. Toll, Esq. (stoll@cmht.com) Robert Smits Robert Smit can refer to:
Telephone: 888/240-0775 or 202/408-4600 Cohen, Milstein, Hausfeld & Toll, P.L.L.C. 1100 New York Avenue The following roads are named New York Avenue:
West Tower, Suite 500 Washington, DC 20005 The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington, D.C., Seattle and 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 , and is active in major 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. pending in federal and state courts throughout the nation. You may visit our website at www.cmht.com. |
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