PHILADELPHIA, Nov. 16, 2000 (PRIMEZONE) -- SPECTOR, ROSEMAN, & KODROFF has filed Class Action lawsuits against or asked to investigate the following companies at the request of shareholders who purchased securities during the Class Periods stated below. Investors who purchased any of the following securities during the stated Class Periods are invited to contact us to learn more about these lawsuits. If you wish to discuss these actions or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel Robert M. Roseman toll-free at 1-888-844-5862 or via E-mail at classaction@spectorandroseman.com.
MARCHFIRST, INC. (Nasdaq:MRCH) 7/25/00 - 10/23/00 - The complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between July 25, 2000, and October 23, 2000, thereby artificially inflating the price of marchFIRST common stock. Specifically, defendants issued false and misleading statements concerning the integration of the merged companies, its 2ndQ 00 results, improving business momentum, and lack of problems with its accounts receivable.
QUINTUS CORPORATION (Nasdaq:QNTS) 11/15/99-11/15/00 - The complaint alleges that throughout the class period the Company's financial statements were materially flase and misleading in that they overstated revenues and net income. As a result, the Company retained Pricewaterhouse Coopers to investigate this matter. And following the price drop, trading was suspended.
SPECTOR, ROSEMAN, & KODROFF, P.C., located in Philadelphia, Pennsylvania and San Diego, California, concentrates its practice in complex litigation including actions dealing with securities laws, antitrust, contract and commercial claims. The firm is active in major litigation pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm as lead counsel in numerous major class actions involving violations of the federal securities laws and the federal antitrust laws. As a result of the efforts of the firm, and its members, hundreds of millions of dollars have been recovered on behalf of thousands of defrauded shareholders and companies. For more detailed information about the firm please visit its website at http://www.spectorandroseman.com.
The Firm is currently representing investors as lead counsel in actions against S3, Inc., Compaq Computer Corp., Dreyfus Aggressive Growth Fund, Mitcham Corporation, Capstead Mortgage and Unisys Corporation. The firm is currently representing businesses as lead counsel in the following antitrust actions: In re Flat Glass Antitrust Litigation; In re Corrugated Paper Antitrust Litigation.