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Technology Stocks : Internap Network Services Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (365)	7/29/2001 1:00:12 PM
From: Dave B	Read Replies (1) \| Respond to of 1011

Class Action Lawsuit Commenced Against InterNAP Network Services Corp. By The Law Offices of Marc S. Henzel. PR Newswire, July 20, 2001 pNA Full Text PHILADELPHIA, July 20 /PRNewswire/ -- A class action lawsuit was filed in the United States District Court, Southern District of New York, on behalf of purchasers of the securities of InterNAP Network Services Corporation (Nasdaq: INAP) between September 29, 1999 and December 6, 2000, inclusive. The action alleges the following as defendants: InterNAP, Morgan Stanley & Co. Inc., Credit Suisse First Boston Corp., BancBoston Robertson Stephens Inc., Merrill Lynch, Pierce Fenner & Smith Inc., Anthony C. Naughtin, Paul E. McBride, and Eugene Eidenberg. The complaint alleges violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about September 29, 1999 InterNAP commenced an initial public offering of 9,500,000 of its shares of common stock at an offering price of $20 per share (the "InterNAP IPO"). In connection therewith, InterNAP 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) the Underwriter Defendants (Morgan Stanley, Credit Suisse, Robertson Stephens, and Merrill Lynch) had solicited and received excessive and undisclosed commissions from certain investors in exchange for which the Underwriter Defendants allocated to those investors material portions of the restricted number of InterNAP shares issued in connection with the InterNAP IPO; and (ii) the Underwriter Defendants had entered into agreements with customers whereby the Underwriter Defendants agreed to allocate InterNAP shares to those customers in the InterNAP IPO in exchange for which the customers agreed to purchase additional InterNAP shares in the aftermarket at pre-determined prices. Plaintiff is represented by The Law Offices of Marc S. Henzel. If you are a member of the class described above, you have until September 3, 2001, to participate in the case and ask the Court to appoint you as one of the lead plaintiffs for the Class. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You do not need to seek appointment as a lead plaintiff in order to share in any recovery. If you have any questions concerning this case or your rights or interests with respect to these matters, please contact: Marc S. Henzel, Esq. of The Law Offices of Marc S. Henzel, 210 West Washington Square, Third Floor Philadelphia, PA 19106, by telephone at (888) 643-6735 or (215) 625-9999, by facsimile at (215) 440-9475, by e-mail at Mhenzel182@aol.com or visit the firm's website at members.aol.com. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com COPYRIGHT 2001 PR Newswire Association, Inc.