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Dewey, Cheatem & Howe Announces Class Action Suit Against Cyber-Care Inc
Tue May 30 18:05:00 EDT 2000
NEW YORK, May 30, 2000 /-Dewey, Cheatem & Howe is filing a class action suit
against Cyber-Care Inc ("Cyber-Care" or the "Company") (Nasdaq: CYBR) and two of
the Company's senior executives. The case is being filed in the United States
District Court for the Southern District of Florida on behalf of all those who
purchased the common stock or other securities of Cyber-Care during the period
between October 12, 1999 and May 12, 2000, inclusive (the "Class Period").
The Complaint charges that Cyber-Care and its executives violated Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934 by allegedly issuing a series
of false and misleading statements during the Class Period concerning contracts
for its highly touted Internet-based product, "Electronic HouseCall System"
("EHS"), without disclosing that EHS had not received FDA approval, in violation
of FDA rules. Cyber-Care allegedly manipulated its stock price by
misrepresenting the EHS contracts as involving Internet technology, rather than
disclosing that the contracts involved non-Internet systems which may not have
required FDA approval. This was done to allegedly benefit from the market's
strong reaction to all Internet related businesses, and resulted in artificially
inflating the market price of the Company's common stock during the Class
Period.
It is further alleged that Cyber-Care misled the market by not disclosing that a
purportedly independent analyst who issued two research reports with "strong
buy" recommendations for Cyber-Care actually owned shares of the Company's stock
and was employed by Cyber-Care's own marketing firm. As a result of Cyber-Care's
materially false and misleading statements, the market price of the Company's
common stock was artificially inflated during the Class Period. When the market
finally learned of the Company's misrepresentations, the price of Cyber-Care's
common stock fell dramatically.
If you purchased Cyber-Care common stock or other securities during the Class
Period, you have until July 18, 2000 to ask the Court to appoint you as one of
the lead plaintiffs for the Class. In order to serve as lead plaintiff, you must
meet certain legal requirements. yada, yada, yada.
The above is a parody directed at Truthseeker, Auric Goldfinger and all of their lemmings. Why do you characters waste your time. The 8 or 10 people who read this board enjoy your ramblings and inane postings but I'm sure you have something more valuable to do with your time than saving us poor investors. |
