To: sommovigo who wrote (2306 ) 6/20/2000 3:23:00 PM From: Sir Auric Goldfinger Read Replies (1) | Respond to of 3392
Cyber-Care, Inc. Shareholders Have Until July 18, 2000 to Seek Appointment as Lead Plaintiff PHILADELPHIA, June 20 /PRNewswire/ -- On May 26, 2000, Weinstein Kitchenoff Scarlato & Goldman Ltd. filed a class action lawsuit against Cyber-Care, Inc. (Nasdaq: CYBR) and its Chairman and CEO, Michael F. Morrell. The action was filed in the United States District Court for the Southern District of Florida. The complaint charges Cyber-Care and Mr. Morrell with violations of the federal securities laws by, among other things, making materially false and misleading statements. Specifically, prior to obtaining the requisite Food and Drug Administration approval to market and sell the Company's Internet- based Electronic Housecall System, ("EHS"), defendants issued a series of press releases touting customer orders for the EHS units. Many of the purported customers did not have the financial capability to make the purchases mentioned. The text of the specific press releases referenced in the complaint from February 26, 2000 to date can be obtained at biz.yahoo.com . Specific dates of press releases referenced in the complaint include, but are not limited to: October 12, 1999; December 10 & 20, 1999; January 13, 2000; February 4, 24 & 28, 2000; and March 21 & 22, 2000. If you purchased shares of Cyber-Care common stock between October 12, 1999 and May 12, 2000, and if the Court certifies the Class as defined in the Complaint, you may be a member of the proposed Class. As a member of the proposed Class, you need do nothing further at this time. You do, however, have two other options. You may choose to file your own Action, or you may seek to serve as a Lead Plaintiff. Lead Plaintiffs are selected by the Court, and are responsible for overseeing the prosecution of the Action and ensuring that the interests of the Class are protected. Courts often select shareholders who have sustained large losses to serve as Lead Plaintiffs. Anyone wishing to serve as Lead Plaintiff must file a motion with the court by July 18, 2000. Any persons interested in learning more about the action, the role of a Lead Plaintiff or in serving as a Lead Plaintiff in this securities class action, may contact Mark Goldman, Esquire or Andrew Henry, Esquire toll free at 888-545-7201 or by e-mail at msgoldman@wksg.com. The attorneys at Weinstein Kitchenoff Scarlato & Goldman Ltd. of Philadelphia, PA are experienced in representing defrauded investors in class actions in courts throughout the United States. Weinstein Kitchenoff Scarlato & Goldman Ltd. has achieved a total of more than $1 billion in recoveries for investors, consumers, and other victims of unlawful conduct. SOURCE Weinstein Kitchenoff Scarlato & Goldman Ltd. -0- 06/20/2000 /CONTACT: Mark Goldman, Esquire, or Andrew Henry, Esquire, of Weinstein Kitchenoff Scarlato & Goldman, 888-545-7201, or msgoldman@wksg.com/ (CYBR)