Fraud Lawsuit Filed on Behalf of Purchasers of Accelr8 Technology Corporation Common Stock
LITTLE ROCK, Ark., June 23 /PRNewswire/ -- The following is an announcement from the law firm of Cauley & Geller, LLP:
The law firm of Cauley & Geller, LLP announced today that a class action
lawsuit has been filed in the United States District Court for the District of
Colorado on behalf of all persons who purchased Accelr8 Technology Corporation
(Nasdaq: ACLY) ("Accelr8" or the "Company") between September 15, 1997 and
November 16, 1999 inclusive (the "Class Period").
The complaint charges Accelr8 and certain of its officers and directors
with issuing false and misleading statements concerning the Company's business
and revenue. Specifically, the complaint alleges that defendants materially
overstated the company's revenue, improperly recognized revenue relating to
licensing and maintenance fees and failed to amortize capitalized software
development costs.
Cauley & Geller, LLP has substantial experience in prosecuting class
action lawsuits on behalf of investors. The firm has offices in Arkansas,
Florida and California, but represents shareholders from throughout the
nation. If you wish to serve as one of the lead plaintiffs in this lawsuit
you must file the appropriate motion with the court no later than 60 days from
June 6, 2000. If you have any questions regarding this lawsuit or how you may
be able to recover for the losses you have incurred, you are encouraged to
visit our website at www.classlawyer.com, or E-mail or call us at:
CAULEY & GELLER, LLP
11311 Arcade Drive, Suite 201
Little Rock, AR 72212
E-mail: CauleyPA@aol.com
1-888-551-9944 - toll free
SOURCE Cauley & Geller, LLP
-0- 06/23/2000
/CONTACT: Cauley & Geller, LLP, 888-551-9944, or CauleyPA@aol.com/
/Web site: classlawyer.com /
(ACLY) |
