Securities Fraud Claims Filed by Wohl & Entwistle LLP Against Parametric Technology Corporation.NEW YORK--(BUSINESS WIRE)--July 15, 1998--Wohl & Entwistle LLP LLP - Lower Layer Protocol hereby gives notice, pursuant to Section 21(D)(a)(3)(A)(i) of the Securities Exchange Act of 1934 that an expanded 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 has been filed in the U.S. District Court for the District of Massachusetts on behalf of purchasers of common stock of Parametric Technology Corporation |Parametric Technology Corporation]] Parametric Technology Corporation (PTC)(NASDAQ: PMTC) provides Product Lifecycle Management (PLM) engineering CAD/CAM software and content management and dynamic publishing solutions to more than 40,000 companies worldwide. ("Parametric See parametric modeling, parametric symbol and PTC. Technology" or the "Company") during the period April 21, 1998 through July 1, 1998 (the "Class Period"). The action charges that Parametric Technology Corp. issued materially false and misleading statements during the Class Period about the results for its 1998 fiscal third quarter. In particular, it is charged that, commencing April 21, 1998, Parametric's top officers and certain directors began selling $10.5 million of their common stock while in possession of material non-public information that Parametric would fall well short of revenue and earnings expectations for its 1998 fiscal third quarter. If you purchased Parametric Technology Corp. common stock during the period April 21, 1998 through July 1, 1998 and wish to serve as class representative, you may, no later than 60 days from July 8, 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. Wohl & Entwistle LLP has significant experience in both prosecuting and defending complex business, securities and antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. actions on behalf of individuals, corporations, government entities and other institutions. Wohl & Entwistle's work in representing financial institutions, venture capital, and asset management funds, as well as Taft-Hartley, corporate and government pension funds in a variety of complex commercial disputes and transactions, allows it to bring a unique perspective to the prosecution of complex 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. . If you wish to discuss this action, wish to participate in the action as a class representative, or have any questions concerning this notice, or your rights or interests with respect to this matter, please contact Vincent R. Cappucci, Esq. of Wohl & Entwistle LLP at 330 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. , 27th 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 10017 (Telephone: 212/867-1030; E-mail: WOHLANDENT@aol.com).
CONTACT: Wohl & Entwistle LLP
Vincent R. Cappucci, Esq., 212/867-1030
WOHLANDENT@aol.com
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