DENVER, Jan. 26, 2007 (PRIME NEWSWIRE) -- The law firm of Shuman & Berens LLP (www.shumanberens.com) today encouraged persons who currently own the common stock Embarcadero Technologies, Inc. (Nasdaq:EMBT) to contact Kip B. Shuman of Shuman & Berens LLP at 1-800-711-6483 or via email at kip@shumanberens.com, concerning their rights and interests regarding possible stock option backdating at the company.
Shuman & Berens LLP is investigating potential backdating of Embarcadero Technologies stock options granted to company employees. On November 30, 2006, the company stated that its internal review of stock option grant practices has discovered evidence of backdating from 2000 to 2005. The company also announced that its audit committee has advised that it may need to restate its historical financial statements for the periods beginning on or after January 1, 2000, through the present.
For a free consultation regarding your rights and interests with respect to your Embarcadero Technologies stockholdings, you may contact Kip B. Shuman of Shuman & Berens LLP at 1-800-711-6483, or via email at kip@shumanberens.com.
Shuman & Berens LLP's attorneys have extensive experience in prosecuting shareholder litigation and have played significant roles in securities actions throughout the nation. For more information about Shuman & Berens LLP go to www.shumanberens.com.