Burt & Pucillo, LLP Announces Notice of Pendency of Class Action
WEST PALM BEACH, Fla., May 24, 2000 (BUSINESS WIRE) -- Pursuant to Section
21D(a)(3)(A)(i) of the Securities Exchange Act of 1934, Notice is hereby given
by the law firm of Burt & Pucillo, LLP that on May 22, 2000, a class action
lawsuit alleging violations of the federal securities laws was filed in the
United States District Court for the Southern District of Florida, against
Cyber-Care, Inc. (NASDAQ:CYBR). The Complaint alleges violations of the federal
securities laws by Cyber-Care, Inc. ("Cyber-Care" or the "Company") and certain
members of its management on behalf of a class of persons who purchased the
common stock of Cyber-Care during the period from December 10, 1999 through May
19, 2000 (the "Class Period").
The Complaint alleges that the Company and key management violated the
Securities Exchange Act of 1934 and Rule 10b-5 by issuing materially false
statements regarding the demand for the Company's products and the level of
sales of its products in order to artificially inflate the Company's
publicly-traded stock price. The Complaint further alleges that the defendants
were motivated, in part, by the desire to engage in private placements of
securities at artificially high prices.
The action was filed by the firm of Burt & Pucillo, LLP of West Palm Beach,
Florida. The firm of Burt & Pucillo, LLP concentrates its practice in the
representation of shareholders in class action claims under the federal
securities laws in Florida and throughout the United States. For further
information on the firm's prior experience in class and securities litigation
and expertise in the prosecution of such claims, or if you are a member of the
Class described above and wish to serve as a lead plaintiff in this action, you
may contact Plaintiff's counsel, Michael J. Pucillo at Burt & Pucillo, LLP, at
561/835-9400 or 800/349-4612, or e-mail address: law@burt-pucillo.com or
burtpucill@aol.com, or visit us at our web site at www.burtpucillo.com. Motions
for appointment of a lead plaintiff must be filed on or before July 18, 2000. |
