BALA CYNWYD, Pa., Sept. 4, 2001 (PRIMEZONE) -- 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 Clarent Corp. ("Clarent" or the "Company") (Nasdaq:CLRN) from July 1, 1999, through Dec. 6, 2000, inclusive (the "Class Period") against defendants Clarent, Credit Suisse First Boston Corporation ("Credit Suisse"), BancBoston Robertson Stephens, Inc. ("Robertson Stephens"), Jerry Shaw-Yau Chang, Richard J. Heaps and Michael F. Vargo.
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 (888) 299-7706 or (610) 667-7706, or via e-mail at info@sbclasslaw.com.
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 www.sbclasslaw.com.
If you are a member of the class described above, you may, not later than Sept. 10, 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.