To: who cares? who wrote (8482 ) 6/23/2000 3:58:00 PM From: Sir Auric Goldfinger Read Replies (1) | Respond to of 10354
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)