NEW YORK, July 22, 2002 (PRIMEZONE) -- A complaint has been filed in the U.S. District Court for the Central District of California on behalf of all shareholders who purchased SeeBeyond Technology Corp. ("SeeBeyond") common stock (NYSE:SBYN) between April 23, 2001 and April 22, 2002, (the "Class Period").
The complaint alleges that SeeBeyond and certain of its officers violated the Securities Exchange Act of 1934 by making materially false and misleading statements concerning SeeBeyond's financial results during the Class Period. The complaint alleges that as a result of these false and misleading statements, the price of SeeBeyond's shares were artificially inflated throughout the Class Period causing plaintiff and the Class to suffer damages.
Plaintiff is represented by the law firm of Robert C. Susser, P.C., a law firm with experience litigating financial fraud actions on behalf of shareholders.
If you are a member of the proposed Class, please note that you do not need to take any action at this time.
If you bought the shares of SeeBeyond between April 23, 2001 and April 22, 2002, you may (but need not), no later than September 2, 2002, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the proposed class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Robert C. Susser, P.C. or other counsel of your choice, to serve as your counsel in this action.
If you wish to discuss this action or have any questions concerning your rights, please contact Robert C. Susser, Esq., Robert C. Susser, P.C., 6 East 43rd Street - 19th Floor, New York, NY 10017, (212) 808-0298, classaction@mail.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca