OKLAHOMA CITY, July 20, 2001 (PRIMEZONE) -- Dreier Baritz & Federman previously announced the filing of a securities class action in the United States District Court for the Northern District of Texas, Dallas Division, on behalf of all purchasers of InterVoice-Brite, Inc. (Nasdaq:INTV) securities between October 12, 1999, and June 6, 2000. The complaint alleges that Defendants violated Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 by making false and misleading statements about InterVoice's business, its financial results, the success of its integration with Brite (which InterVoice agreed to acquire in April, 1999) and its general business prospects. As a result, InterVoice's stock was inflated to as high as $38.75 per share. The Individual Defendants took advantage of the inflated stock price by selling stock for proceeds in excess of $13.4 million.
The law offices of Dreier Baritz & Federman have responded to investor inquiries and provided information to various investors based upon its investigation of the facts disclosed to date.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.