Shepherd & Geller, LLC Announces Filing of Fraud Lawsuit On Behalf of Purchasers of the Vantive Corporation Common Stock.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--July 7, 1999-- The Law Firm of Shepherd & Geller, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced today that it has filed a class action 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. , Northern District of California, on behalf of all individuals and entities that purchased the common stock of The Vantive Corporation (Nasdaq:VNTV VNTV Vantive Corporation (former stock symbol; now delisted) ) between April 23, 1997 and July 6, 1998, inclusive (the "Class Period"). The complaint charges that Vantive and certain of its officers and directors violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. the federal securities laws by making numerous false and misleading statements about the Company's financial condition, artificially manipulating the price of the stock. When the truth was uncovered, the stock price fell dramatically. The Complaint further alleges that, before the truth about Defendants' illegal manipulations was revealed, Company insiders sold off over 1.3 million of their own shares, reaping over $36 million in illegal, insider trading profits Trading profit The profit earned on short-term trades of securities held for less than one year, subject to tax at normal income tax rates. trading profit . Shepherd & Geller, LLC has substantial experience representing investors in securities fraud class action lawsuits 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 such as this. The firm has offices in Florida as well as in Pennsylvania, but represents shareholders from throughout the nation in cases across the country. If you would like to serve as one of the lead plaintiffs in this lawsuit, you must file the appropriate motion with the Court by September 6, 1999. If you are a VNTV shareholder who purchased stock during the Class Period and have any questions about this lawsuit or about how you may be able to recover for losses you have incurred, please E-mail or call us. You can also visit us on the web at www.classactioncounsel.com. Paul J. Geller SHEPHERD & GELLER, LLC 7200 West Camino Real, Suite 203 Boca Raton, FL 33433 (561) 750-3000 Toll Free: 1-888-262-3131 E-mail: pgeller@classactioncounsel.com Scott R. Shepherd SHEPHERD & GELLER, LLC 117 Gayley St., Suite 200 Media, PA 19063 (610) 891-9880 Toll Free: 1-877-891-9880 E-mail: sshepherd@classactioncounsel.com |
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