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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?


To: bob beck who wrote (2048)5/31/2000 7:22:00 PM
From: StockDung  Respond to of 3392
 
Dyer & Shuman, LLP, Files Securities Fraud Class Action Against Cyber-Care, Inc.


DENVER--(BUSINESS WIRE)--May 31, 2000--The law firm of Dyer & Shuman, LLP, has announced that it has filed a class action lawsuit on behalf of all persons who purchased the common stock of Cyber-Care, Inc. (Nasdaq: CYBR) between Nov. 4, 1999, through May 12, 2000.

The suit, filed in the Southern District of Florida, seeks to recover under the federal securities laws for damages sustained by members of the proposed Class. Cyber-Care and its CEO/Chairman of the Board are named in the suit, which alleges the defendants issued false and misleading statements and made material omissions concerning, among other things, Cyber-Care's operations and prospects.

Specifically, the complaint alleges that the defendants failed to disclose that since Cyber-Care's much-hyped Electronic Housecall System, or "EHS," had not yet received FDA approval, it could not be sold or marketed in any way, and that to the extent Cyber-Care was announcing sales or agreements to buy, Cyber-Care was in violation of governmental regulations. In addition, the complaint alleges that as for the sales and agreements Cyber-Care did announce, many were to entities that were either so unestablished or in such poor financial condition as to make the likelihood of the sales actually occurring extremely small. Also undisclosed was that a purported independent analyst touting the stock was actually employed by Cyber-Care's PR firm.

Persons who are members of the Class described above have sixty days from May 19, 2000, to move the court if they desire to serve as lead plaintiffs in the case. In order to serve as a lead plaintiff, you must meet certain legal requirements. If you have questions concerning serving as a lead plaintiff, the case or your rights, you should contact the following:

Kip B. Shuman

DYER & SHUMAN, LLP

801 East 17th Avenue

Denver, CO 80218-1417

Telephone: (303) 861-3003/(800) 711-6483

Facsimile: (303) 830-6920

E-Mail: kshuman@dyershuman.com

The law firm of Dyer & Shuman, LLP concentrates its practice in the field of complex class action litigation. The firm represents plaintiffs in Colorado and throughout the nation in securities fraud, consumer, antitrust, environmental and commercial litigation. The attorneys at Dyer & Shuman, LLP are available to answer questions concerning investor and consumer class action litigation.

CONTACT:

Dyer & Shuman, LLP

Kip B. Shuman, 303/861-3003 or 800/711-6483

Facsimile: 303/830-6920

E-Mail: kshuman@dyershuman.com

TICKERS: NASDAQ:CYBR

KEYWORD: COLORADO

BW0583 MAY 31,2000

15:17 PACIFIC

18:17 EASTERN