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Technology Stocks : Manugistics, Inc. (MANU) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (786)	6/14/1998 3:07:00 PM
From: douglas scott goldstein	Respond to of 1670

Did anyone see this? My god, what next??? [ Business \| US Market \| Industry \| IPO \| S&P \| Int'l \| PRNews \| BizWire \| Finance Home ] Friday June 12, 5:22 pm Eastern Time Company Press Release Class Action Filed Against Manugistics Group, Inc. and Others NEW YORK--(BUSINESS WIRE)--June 12, 1998--Notice is hereby given that a class action lawsuit was filed today in the United States District Court for the District of Maryland, Southern Division, on behalf of all persons who purchased or otherwise acquired the common stock of Manugistics Group, Inc. (NASDAQ:MANU - news; ''Manugistics'' or the ''Company''), between February 13, 1998 and May 22, 1998, inclusive (the ''Class Period''). The complaint charges Manugistics and certain officers and directors of the Company during the relevant time period with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's business, operations and sales. Because of the issuance of a series of false and misleading statements, the price of Manugistics common stock was artificially inflated during the Class Period. Prior to the disclosure of the adverse facts described above, certain officers and directors of Manugistics sold significant amounts of Manugistics common stock to the unsuspecting investing public. These sales generated proceeds in excess of $6.7 million. In addition to these profitable insider sales, Manugistics was able to use its artificially inflated stock as currency to complete a significant acquisition. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firms of Milberg Weiss Bershad Hynes & Lerach LLP (''Milberg Weiss''), Law Offices Of Dennis Johnson and Tydings & Rosenberg. Milberg Weiss maintains offices in New York City, San Diego, Los Angeles and San Francisco and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in numerous important actions on behalf of defrauded investors, and is responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For more information about Milberg Weiss, please visit our website at www.milberg.com. The Law Offices Of Dennis Johnson and Tydings & Rosenberg similarly have substantial experience in the prosecution of complex litigation. If you are a member of the class described above, you may, not later than sixty days from today, 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. 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 Milberg Weiss (Steven G. Schulman or Samuel H. Rudman) at One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165 or Law Offices Of Dennis Johnson (Dennis Johnson) at 1690 Williston Road, South Burlington, Vermont 05403. Contact: Milberg Weiss Bershad Hynes & Lerach LLP Steven G. Schulman or Samuel H. Rudman E-Mail: classact@microweb.com. 1-800-922-0187 or Law Offices Of Dennis Johnson Dennis Johnson 802-862-0030 More Quotes and News: Manugistics Group Inc (Nasdaq:MANU - news) Related News Categories: banking, computers, software Help Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?