Squitieri & Fearon, LLP Announces Securities Fraud Suit Filed Against Critical Path, Inc.

New York, New York, UNITED STATES


NEW YORK, March 9, 2001 (PRIMEZONE) -- The following statement was issued today by Squitieri & Fearon, LLP:

A class action has been filed in the United States District Court for the Northern District of California on behalf of purchasers of Critical Path, Inc. (Nasdaq:CPTH) common stock during the period from November 2, 2000 through February 2, 2001.

If you wish to discuss this action or have any questions about it or about your rights, please contact Stephen J. Fearon, Jr. of Squitieri & Fearon, LLP at (800) 432-8174 or (646) 487-3049 or via e-mail at Stephen@sfclasslaw.com.

The lawsuit charges Critical Path and certain of its officers and directors with harming investors by misrepresenting the Company's financial results.

The investor who filed the lawsuit seeks to recover damages on behalf of himself and all purchasers of Critical Path's common stock during the period November 2, 2000 through February 2, 2001.

He is represented by the law firm of Squitieri & Fearon, LLP, whose attorneys have significant experience prosecuting class actions on behalf of investors and shareholders.

If you purchased Critical Path, Inc. common stock during the period from November 2, 2000 through February 2, 2001, you have until April 3, 2001 to ask the court to appoint you as a lead plaintiff.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel:


       SQUITIERI & FEARON, LLP
       Stephen J. Fearon, Jr.
       521 Fifth Avenue
       26th Floor
       New York, NY 10175
       1-800-432-8174 (Toll Free)
       1-646-487-3049 (Telephone)
       1-646-487-3095 (Facsimile)
       Stephen@sfclasslaw.com (e-mail)

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca



        

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