Faruqi & Faruqi, LLP Announces Filing of Class Action Lawsuit On Behalf of Shareholders of Cyberguard Corp.NEW YORK--(BUSINESS WIRE)--August 31, 1998--The law firm of Faruqi & Faruqi, LLP LLP - Lower Layer Protocol announces that a Class Action has been commenced in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District on behalf of all purchasers of Cyberguard Corp. (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 : CYBG) common stock between October October: see month. 7, 1997 and August 21, 1998, inclusive (the "Class Period"). The Complaint charges Cyberguard and certain of its executive officers with violations of the federal securities laws, including Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Among other things, plaintiff claims that defendants issued a series of materially false and misleading statements in press releases and SEC filings concerning Cyberguard's revenues and earnings. As a result, the price of Cyberguard's common stock was inflated throughout the Class Period. Plaintiff seeks to recover damages on behalf of himself and all other purchasers of Cyberguard common stock during the Class Period, excluding the defendants and their affiliates. Plaintiff is represented by the law firm of Faruqi & Faruqi, LLP, which has extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud. If you purchased Cyberguard common stock during the Class Period, you may, not later than October 26, 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, please CONTACT: NADEEM FARUQI LUBNA M. FARUQI FARUQI & FARUQI, LLP 415 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. 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 , NY 10017 Telephone: (877) 247-4292 or (212) 986-1074 Fax: (212) 986-1792 e-mail (FaruqiLaw@aol.com America Online's Internet domain address. When sending e-mail to an AOL subscriber via the Internet, the aol.com is the last part of the address; for example: jjones@aol.com. )
CONTACT: Faruqi & Faruqi, LLP
Nadeem Faruqi
Lubna M. Faruqi
877/247-4292 or 212/986-1074
e-mail- FaruqiLaw@aol.com
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