Critical Path Shareholder Lawsuits Voluntarily Withdrawn; Plaintiffs Voluntarily Dismiss All Recently Filed Shareholder Lawsuits Against the Company.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--April 3, 2002 Critical Path, Inc. (Nasdaq:CPTH), a global leader in Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the communications, today announced that all shareholder lawsuits recently filed against the company in February and March of 2002 have been voluntarily withdrawn by the plaintiffs. "We are pleased by the decision to withdraw each of these lawsuits," said Critical Path Senior Vice President and General Counsel Michael Zukerman. These lawsuits are separate from the shareholder class action that Critical Path settled in November 2001. That settlement was preliminarily approved in late February 2002 by the United States District Court for the Northern District of California The United States District Court for the Northern District of California is the Federal district court whose jurisdiction comprises following counties: Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Monterey, Napa, San Benito, San Francisco, San Mateo, Santa . The Court has ordered that notice be issued to members of the class and has scheduled a hearing for May 23, 2002 to consider final approval of the settlement. About Critical Path, Inc. Critical Path, Inc. (Nasdaq:CPTH) delivers software and services that maximize the value of Internet communications. The company provides messaging and collaboration solutions -- from wireless, secure and unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. to basic email and personal information management -- as well as identity management solutions that simplify user profile management and strengthen information security. The standards-based Critical Path Communications Platform, built to perform reliably at the scale of public networks, delivers the industry's lowest total cost of ownership for messaging solutions and lays a solid foundation for next-generation communications services. Critical Path's customers include more than 700 enterprises, 180 carriers and service providers, eight national postal authorities A postal authority organises collection and delivery of domestic mail (US), or post (UK), within its area of control, or in the case of foreign mail, delivery to or receipt of mail from other postal authorities. Payment for the service has been performed in many ways. and 40 government agencies. Critical Path is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden with offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . More information on Critical Path can be found at www.cp.net. Note to Editors: Critical Path and the Critical Path logo are trademarks of Critical Path, Inc. All other trademarks are the property of their holders. |
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