CyberGuard Corp. Sued By Berger & Montague, P.C. For Allegedly Overstating Its Income And Inflating Its Stock Price, Injuring Investors.PHILADELPHIA--(BUSINESS WIRE)--Aug. 26 1998--Berger & Montague, P.C. has commenced a class action against CyberGuard Corp. (NMS See NetWare Management System. :CYBG) ("CyberGuard") and its recently suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. officers pursuant to the federal securities laws. The action, pending in the United States District Court for the Southern District of Florida The United States District Court for the Southern District of Florida (S.D.Fl.) is the federal district court covering the southern part of the state of Florida. The court's jurisdiction comprises the following counties: Broward, Dade, Highlands, Indian River, Martin, Monroe, , seeks to recover damages suffered by all purchasers of CyberGuard common stock during the period Oct. 7, 1997, through Aug. 21, 1998, inclusive (the "Class Period"). CyberGuard has recently admitted, in an Aug. 21 company press release, that its reported income for the first three quarters of its 1998 fiscal year was materially overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o . In the same press release Cyberguard announced that it had suspended its chief executive officer and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and it also reported that its outside accounting firm had resigned. These shocking revelations sent CyberGuard's stock price plummeting, losing two-thirds of its value in one trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. . This notice to class members is being made pursuant to applicable law. If you purchased CyberGuard common stock during the period Oct. 7, 1997, through Aug. 21, 1998, inclusive, you may wish to join the action. You may move the court to serve as a lead plaintiff on or before 60 days from Aug. 25, 1998. If you would like to discuss this action or if you have any questions concerning this notice or your rights with respect to this matter, you may contact: Sherrie R. Savett, Esq. or Stuart J. Guber, Esq. BERGER & MONTAGUE, P.C. 1622 Locust locust, in botany locust, in botany, any species of the genus Robinia, deciduous trees or shrubs of the family Leguminosae (pulse family) native to the United States and Mexico. Street Philadelphia, PA, 19103 Telephone: 888/891-2289 or 215/875-3000 Fax: 215/875-5715 E-mail: INVESTORPROTECT@BM.NET Berger & Montague invites you to visit its Web site on the internet at http://home.bm.net The law firm of Berger & Montague, P.C., has extensive experience in securities class action cases. The Berger firm has played lead roles in major cases over the past 25 years which have resulted in recoveries in excess of two billion dollars to investors. Courts have widely recognized the Berger firm for the high quality of its legal representation on behalf of defrauded investors.
CONTACT: Berger & Montague P.C.
Sherrie R. Savett, Esq. or Stuart J. Guber, Esq.
Telephone: 888/891-2289 or 215/875-3000
Fax: 215/875-5715
E-mail: INVESTORPROTECT@BM.NET
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