DB- what is funny is that GOTO won't even have the same name by eoy...
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Not to mention there are a couple pending class action lawsuit in the works.
1)
Milberg Weiss Announces Class Action Suit Against Six Underwriters in Connection with the Initial Public Offering of Goto.com, Inc.
NEW YORK, Jul 20, 2001 (BUSINESS WIRE) -- The law firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that a class action lawsuit was filed on July 19, 2001, on behalf of purchasers of the securities of Goto.com, Inc. ("Goto.com" or the "Company") (NASDAQ: GOTO chart, msgs) between June 18, 1999 and December 6, 2000, inclusive.
A copy of the complaint filed in this action is available from the Court, or can be viewed on Milberg Weiss' website at: milberg.com
The action is pending in the United States District Court, Southern District of New York, located at 500 Pearl Street, New York, NY 10007, against defendants Salomon Smith Barney, Inc. ("Smith Barney"), Bear Stearns & Co., Inc. ("Bear Stearns"), BancBoston Robertson Stephens, Inc. ("Robertson Stephens"), Credit Suisse First Boston Corporation ("Credit Suisse"), Lehman Brothers, Inc. ("Lehman") and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch").
The complaint alleges violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about June 18, 1999, Goto.com commenced an initial public offering of 6,000,000 of its shares of common stock at an offering price of $15 per share (the "Goto.com IPO"). In connection therewith, Goto.com filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which defendants allocated to those investors material portions of the restricted number of Goto.com shares issued in connection with the Goto.com IPO; and (ii) defendants had entered into agreements with customers whereby defendants agreed to allocate Goto.com shares to those customers in the Goto.com IPO in exchange for which the customers agreed to purchase additional Goto.com shares in the aftermarket at pre-determined prices. As alleged in the complaint, the SEC is investigating underwriting practices in connection with several other initial public offerings.
If you bought the securities of Goto.com between June 18, 1999 and December 6, 2000, you may, no later than September 10, 2001, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad Hynes & Lerach LLP, or other counsel of your choice, to serve as your counsel in this action.
Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices in New York City, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and Philadelphia, is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of World War II and other human rights violations, and has been responsible for more than $30 billion in aggregate recoveries. The Milberg Weiss Web site (http://www.milberg.com) has more information about the firm.
If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorneys:
Steven G. Schulman or Samuel H. Rudman
One Pennsylvania Plaza, 49th fl.
New York, NY, 10119-0165
Phone number: (800) 320-5081
Email: Gotocase@milbergNY.com
Website: milberg.com
Contact:
Milberg Weiss Bershad Hynes & Lerach LLP, New York
Steven G. Schulman or Samuel H. Rudman, 800/320-5081
Email: Gotocase@milbergNY.com
Website: milberg.com
TICKERS: NASDAQ:GOTO
2) Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Six Underwriters in Connection With the Initial Public Offering of Goto.com, Inc.
LITTLE ROCK, Ark., Jul 20, 2001 /PRNewswire via COMTEX/ -- The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class action has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of Goto.com, Inc. (Nasdaq: GOTO chart, msgs) ("Goto.com" or the "Company") securities during the period between June 18, 1999 and December 6, 2000, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at classlawyer.com .
The complaint charges defendants Salomon Smith Barney, Inc. ("Smith Barney"), Bear Stearns & Co., Inc. ("Bear Stearns"), BancBoston Robertson Stephens, Inc. ("Robertson Stephens"), Credit Suisse First Boston Corporation ("Credit Suisse"), Lehman Brothers, Inc. ("Lehman Brothers") and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about June 18, 1999, Goto.com commenced an initial public offering of 6 million of its shares of common stock at an offering price of $15 per share (the "Goto.com IPO"). In connection therewith, Goto.com filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that (i) defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which defendants allocated to those investors material portions of the restricted number of Goto.com shares issued in connection with the Goto.com IPO; and (ii) defendants had entered into agreements with customers whereby defendants agreed to allocate Goto.com shares to those customers in the Goto.com IPO in exchange for which the customers agreed to purchase additional Goto.com shares in the aftermarket at pre-determined prices. As alleged in the complaint, the SEC is investigating underwriting practices in connection with several other initial public offerings.
If you bought the securities of Goto.com between June 18, 1999 and December 6, 2000, inclusive, you may, no later than September 10, 2001 request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Cauley Geller Bowman & Coates, LLP, or other counsel of your choice, to serve as your counsel in this action. If you are a member of this class, you can join this class action online at classlawyer.com .
Cauley Geller Bowman & Coates, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com .
CAULEY GELLER BOWMAN & COATES, LLP
Client Relations Department:
Jackie Addison, Sue Null or Charlie Gastineau
P.O. Box 25438
Little Rock, AR 72221-5438
Toll Free: 1-888-551-9944
E-mail: info@classlawyer.com
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Shareholder Class Action Filed Against GoTo.com, Inc. By the Law Firm of Schiffrin & Barroway, LLP
BALA CYNWYD, Pa., Jul 20, 2001 /PRNewswire via COMTEX/ -- The following statement was issued today by the law firm of Schiffrin & Barroway, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York, located at 500 Pearl Street, New York, NY 10007 on behalf of all purchasers of the common stock of GoTo.com, Inc. (Nasdaq: GOTO chart, msgs) ("GoTo.com" or the "Company") from June 18, 1999 through December 6, 2000, inclusive (the "Class Period") against defendants Salomon Smith Barney, Inc. ("Smith Barney"), Bear Stearns & Co., Inc. ("Bear Stearns"), BancBoston Robertson Stephens, Inc. ("Robertson Stephens"), Credit Suisse First Boston Corporation ("Credit Suisse"), Lehman Brothers, Inc. ("Lehman") and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch").
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 Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbclasslaw.com.
On or about June 18, 1999, GoTo.com commenced an initial public offering of 6,000,000 of its shares of common stock at an offering price of $15 per share (the "GoTo.com IPO"). In connection therewith, GoTo.com filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which defendants allocated to those investors material portions of the restricted number of GoTo.com shares issued in connection with the GoTo.com IPO; and (ii) defendants had entered into agreements with customers whereby defendants agreed to allocate GoTo.com shares to those customers in the GoTo.com IPO in exchange for which the customers agreed to purchase additional GoTo.com shares in the aftermarket at pre-determined prices. As alleged in the complaint, the SEC is investigating underwriting practices in connection with several other initial public offerings.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, LLP, who has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. For more information on Schiffrin & Barroway, or to sign up to participate in this action online, please visit www.sbclasslaw.com.
If you are a member of the class described above, you may, not later than September 10, 2001, 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.
CONTACT: Schiffrin & Barroway, LLP
Marc A. Topaz, Esq.
Stuart L. Berman, Esq.
Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@sbclasslaw.com
MAKE YOUR OPINION COUNT - Click Here
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Source: Schiffrin & Barroway, LLP
Contact:
Marc A. Topaz, Esq. or Stuart L. Berman, Esq., of Schiffrin &
Barroway, +1-888-299-7706 or +1-610-667-7706, or e-mail, info@sbclasslaw.com
URL: sbclasslaw.com
Class Action Lawsuit Commenced Against Goto.com, Inc. (GOTO) By Bernstein Liebhard & Lifshitz, LLP
NEW YORK, NY, Jul 12, 2001 (INTERNET WIRE via COMTEX) -- A securities class action lawsuit was commenced on behalf all persons who acquired GoTo.com, Inc. (NASDAQ: GOTO chart, msgs) ("GoTo.com" or the "Company") securities between June 18, 1999 and December 6, 2000 (the "Class Period"). A copy of the complaint is available from the Court or from Bernstein Liebhard & Lifshitz, LLP. Please visit our website at www.bernlieb.com or contact us at (800) 217-1522 or by email at GOTO@bernlieb.com.
The case is pending in the United States District Court for the Southern District of New York located at 500 Pearl Street, New York, New York 10004. Named as defendants in the complaint are GoTo.com and the following executive officers of GoTo.com: Jeffrey S. Brewer, Todd Tappin, and Robert Kavner. The complaint also names as defendants the following underwriters of GoTo.com's initial public offering: Donaldson, Lufkin & Jenrette Securities Corporation, Salomon Smith Barney, Inc., Thomas Weisel Partners, LLC, and DLJ Direct, Inc. (collectively the "Underwriter Defendants").
The complaint charges defendants with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 for issuing a Registration Statement and Prospectus (the "Prospectus") that contained materially false and misleading information and failed to disclose material information. The Prospectus was issued in connection with GoTo.com's initial public offering of 6,000,000 shares of common stock at $15.00 per share that was completed on or about June 18, 1999. The complaint alleges that the Prospectus was false and misleading because it failed to disclose (i) the Underwriter Defendants' agreement with certain investors to provide them with significant amounts of restricted GoTo.com shares in the IPO in exchange for exorbitant and undisclosed commissions; and (ii) the agreement between the Underwriter Defendants and certain of its customers whereby the Underwriter Defendants would allocate shares in the IPO to those customers in exchange for the customers' agreement to purchase GoTo.com shares in the after-market at pre-determined prices. The SEC is investigating underwriting practices in connection with several other initial public offerings, including the offerings of VA Linux Systems, Inc., Ariba Inc. and United Parcel Service, Inc. Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired GoTo.com securities during the Class Period.
If you purchased or otherwise acquired GoTo.com securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than September 10, 2001.
Alead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard & Lifshitz, LLP, or other counsel of your choice, to serve as your counsel in this action. Bernstein Liebhard & Lifshitz, LLP has been retained as one of the law firms to represent the Class. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors. For more information about Bernstein Liebhard & Lifshitz, LLP, please visit our website at www.bernlieb.com. If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Ms. Linda Flood, Director of Shareholder Relations, at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, (800) 217-1522 or 212-779-1414 or by e-mail at GOTO@bernlieb.com.
CONTACT: Ms. Linda Flood
Director of Shareholder Relations
Bernstein Liebhard & Lifshitz, LLP
212-779-1414
Interesting to how al of this plays out. |
