NEW YORK, Nov. 3, 2005 (PRIMEZONE) -- The Rosen Law Firm (http://www.rosenlegal.com) announced today that a class action has been commenced in the United States District Court for the Western District of Texas on behalf of purchasers of Motive, Inc. ("Motive") (Nasdaq:MOTV) common stock during the period between July 11, 2005 and October 26, 2005 (the "Class Period").
To join the Motive securities litigation as a plaintiff, or for further information, please call Laurence Rosen, Esq. toll-free at (866) 767-3653, or email lrosen@rosenlegal.com.
You can join the class action online at http://www.rosenlegal.com.
A class action lawsuit has already been filed on behalf of Motive shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than January 3, 2006. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. of The Rosen Law Firm toll free at (866) 767-3653, or via e-mail at lrosen@rosenlegal.com. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member.
The Complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market concerning its projected revenues, which had the effect of artificially inflating the shares' market price. The class period is from July 11, 2005 through October 26, 2005.
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.