Purchasers 4/19/00 - 11/14/00
On November 15, 2000, Quintus announced that its Board of Directors had placed the company's Chairman and CEO Alan Anderson on administrative leave and would delay filing the company's September 30, 2000 quarterly results with the SEC pending an investigation of certain financial matters affecting the current quarter and earlier periods. Among the items under investigation is Quintus' October 17 report of payment of a receivable from an outsourcing company. According the the company, subsequent to the October 17 announcement, it became unclear whether funds received by Quintus, apparently in satisfaction of that receivable, were in fact paid by or on behalf of the outsourcing company. Following the November 15 announcement, the company's stock price fell more than 50% in a single day, closing at $2-31/32 down from its prior close at $6 on November 14, 2000.
If you purchased QNTS shares during the period 4/19/00 - 11/14/00, you may be a member of a class of injured security holders. If you have information which would help us prosecute Quintus Corporation, please contact us at mail@schubert-reed.com. If you want more information about the case against Quintus Corporation or class action lawsuits, please review our web site at schubert-reed.com |
