Computer Associates International, Inc. Named In Class Action.NEW YORK--(BUSINESS WIRE)--Aug. 4, 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 July 23, 1998 in the United States District Court for the Eastern District of New York EDNY redirects here, for other uses see EDNY (disambiguation). The United States District Court for the Eastern District of New York is the federal district court whose jurisdiction comprises the entirety of Long Island (including the portion in New York City) and Staten , on behalf of all persons who purchased the common stock of Computer Associates International, Inc. (NYSE NYSE See: New York Stock Exchange : CA) ("CA" or the "Company"), between January 20, 1998 and July 22, 1998, inclusive (the "Class Period"). The complaint charges CA 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 demand for CA's products, trends in its business and the impact of the Asian financial crisis on its operations. Because of the issuance of a series of false and misleading statements, the price of CA common stock was artificially inflated during the Class Period. Prior to the disclosure of the adverse facts described above, certain officers and directors of CA benefitted from the vesting of over $1 billion in bonus stock grants and sold significant amounts of CA common stock to the unsuspecting investing public. These sales generated proceeds in excess of $40 million. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Milberg Weiss Founded in 1965 by attorneys Larry Milberg and Melvyn I. Weiss, Milberg Weiss (formerly known as Milberg Weiss & Bershad LLP) is a U.S. plaintiffs' law firm. Based in New York City, it is widely known for representing investors in securities class actions. Bershad Hynes & Lerach LLP LLP - Lower Layer Protocol ("Milberg Weiss"). 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 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. , 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. If you are a member of the class described above, you may, not later than sixty days from July 23, 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.
CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP
Steven G. Schulman
Samuel H. Rudman
E-Mail: classact@microweb.com.
1-800-320-5081 or 1-800-922-0187
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion