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Shareholder Class Action Filed Against iVillage, Inc. By The Law Firm of Schiffrin & Barroway, LLP.

BALA CYNWYD, Pa., July 10 /PRNewswire/ --

The following statement was issued today by the law firm of Schiffrin & Barroway, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York, located at 500 Pearl Street, New York, NY 10007 on behalf of all purchasers of the common stock of iVillage, Inc. (Nasdaq: IVIL) ("iVillage" or the "Company") from March 18, 1999 through December 6, 2000, inclusive (the "Class Period") against defendants iVillage, Goldman Sachs & Co. ("Goldman"), Credit Suisse First Boston Corp. ("Credit Suisse"), BancBoston Robertson Stephens ("Robertson Stephens"), Lehman Brothers ("Lehman Brothers"), Candice Carpenter, Nancy Evans, Craig T. Monaghan and Sanjay Muralidhar.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at

On or about March 18, 1999, iVillage commenced an initial public offering of 3,650,000 of its shares of common stock at an offering price of $24.00 per share (the "iVillage IPO"). In connection therewith, iVillage filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) Goldman, Credit Suisse, Robertson Stephens, and Lehman Brothers had solicited and received excessive and undisclosed commissions from certain investors in exchange for which Goldman, Credit Suisse, Robertson Stephens, and Lehman Brothers allocated to those investors material portions of the restricted number of iVillage shares issued in connection with the iVillage IPO; and (ii) Goldman, Credit Suisse, Robertson Stephens, and Lehman Brothers had entered into agreements with customers whereby Goldman, Credit Suisse, Robertson Stephens, and Lehman Brothers agreed to allocate iVillage shares to those customers in the iVillage IPO in exchange for which the customers agreed to purchase additional iVillage shares in the aftermarket at pre-determined prices.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, LLP, who has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. For more information on Schiffrin & Barroway, or to sign-up to participate in this action online, please visit

If you are a member of the class described above, you may, not later than August 6, 2001, 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.

CONTACT: Schiffrin & Barroway, LLP

Marc A. Topaz, Esq.

Stuart L. Berman, Esq.

Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004

1-888-299-7706 (toll free) or 1-610-667-7706

Or by e-mail at

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Publication:PR Newswire
Geographic Code:1USA
Date:Jul 10, 2001
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