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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (56732)	5/19/2000 6:28:00 PM
From: StockDung	Respond to of 122087

Milberg Weiss Announces Class Action Against Cyber-Care, Inc. and Michael F. Morrell. BOCA RATON, Fla.--(BUSINESS WIRE)--May 19, 2000--The following is an announcement by the law firm of Milberg Weiss Bershad Hynes & Lerach, LLP: Notice is hereby given that a class action lawsuit was filed on May 19, 2000, in the United States District Court for the Southern District of Florida, Civil Action No. 00-8404, on behalf of all persons who purchased the securities of Cyber-Care, Inc. ("Cyber-Care" or the "Company") (Nasdaq: Cyber) between November 4, 1999 and May 12, 2000. (the "Class Period"). The complaint charges the Company and its Chief Executive Officer, Michael F. Morrell, with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. During the Class Period, defendants made repeated false and misleading statements regarding the successful sales of its Internet-based Electronic Housecall System ("EHC"), causing the stock to reach a Class Period high of over $37 per share. In May, 2000, it was revealed that: the United States Food and Drug Administration was investigating Cyber-Care for violating federal rules prohibiting the sale and restricting the marketing of non- FDA approved products. In addition, many of the "customers" defendants represented as entering into contracts for the purchase of EHC units did not have anywhere near the financial stability to enter into multi-million dollar contracts. It was also disclosed that an analyst who issued a "Strong Buy" rating for the Company and issued a price target of $52 per share was in fact employed by Cyber-Care's own publicity company. In response, the Company's stock fell to $8.50 per share -- far from its Class Period high. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact, at Milberg Weiss Bershad Hynes & Lerach, LLP ("Milberg Weiss"), Kenneth J. Vianale or Maya Saxena at 5355 Town Center Road, Suite 900, Boca Raton, Florida 33486, by telephone at (561) 361-5000, or (800)-320-5081 or contact Steven Schulman or Samuel Rudman in New York at (212) 594-5300 or via e-mail:endfraud@mwbhlny.com or visit the website at milberg.com. If you are a member of the class described above you may, not later than sixty days from May 19, 2000, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. SOURCE: Milberg Weiss Bershad Hynes & Lerach LLP CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP Shareholder Relations Dept., 800/320-5081 E-Mail: endfraud@mwbhlny.com TICKERS: NASDAQ:CYBER KEYWORD: FLORIDA BW1382 MAY 19,2000 14:33 PACIFIC 17:33 EASTERN