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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (36442)	8/8/2000 7:08:56 AM
From: eagle1	Read Replies (1) \| Respond to of 79460

To those watching UNFY, See enclosed news wire. Eagle1 Friday August 4, 6:20 pm Eastern Time Press Release Kaplan, Kilsheimer & Fox LLP Files Securities Fraud Class Action Against Unify Corporation NEW YORK--(BUSINESS WIRE)--August 4, 2000--The following statement was issued today by the law firm of Kaplan, Kilsheimer & Fox LLP: Kaplan, Kilsheimer & Fox LLP (www.kkf-law.com) has filed a Class Action against Unify Corp. and certain of the Company's officers and directors in the United States District Court for the Northern District of California. The suit is brought on behalf of all persons or entities who purchased the common stock of Unify Corporation (``Unify'' or the ``Company'') (Nasdaq:UNFY - news) between May 19, 1999 through July 28, 2000 (the ``Class Period''). The complaint charges Unify and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Specifically, the complaint alleges that starting in early 1999, the individual defendants caused Unify to issue false financial results and make false statements about its results and demand for its new products, including Unify e-Wave, causing the Company's stock to trade at artificially inflated levels during the Class Period. Defendants took advantage of this inflation by selling 700,288 of their personal Unify holdings for proceeds exceeding $7.8 million. On July 31, 2000, Unify issued a press release disclosing that the Company had engaged in improper accounting and admitted that its fiscal 1999 and fiscal 2000 results had been false, that portions of its previously reported revenues had been ``improperly recognized,'' and that its top two officers had been placed on ``administrative leave.'' On these shocking disclosures, trading in Unify's stock was halted, after last trading at $3-15/16 -- significantly lower than its Class Period high of $37 1/2 (split-adjusted). Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan, Kilsheimer & Fox LLP which has many years of experience in prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan, Kilsheimer & Fox LLP, you may visit our website at www.kkf-law.com. If you are a member of the Class, you may move the court no later than September 29, 2000, to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements. If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@kkf-law.com or contact: Frederic S. Fox, Esq. Christine Fox, Esq. Brigid T. Kavanaugh, Esq. Kaplan, Kilsheimer & Fox LLP 805 Third Avenue - 22nd Floor New York, NY 10022 (800) 290-1952 (212) 687-1980 Fax: (212) 687-7714 E-mail address: mail@kkf-law.com -------------------------------------------------------------------------------- Contact: Kaplan, Kilsheimer & Fox LLP, New York Frederic S. Fox, Esq. Christine Fox, Esq. Brigid T. Kavanaugh, Esq. 800/290-1952 212/687-1980 Fax: 212/687-7714 E-mail address: mail@kkf-law.com