DENVER, March 5, 2008 (PRIME NEWSWIRE) -- Dyer & Berens LLP (www.berenslaw.com), located in Denver, Colorado, today encouraged persons who purchased the common stock of TeleTech Holdings, Inc. (Nasdaq:TTEC) between February 8, 2007 and November 8, 2007 (the "Class Period") to contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com, or their counsel of choice, concerning their rights and interests in the recently-filed shareholder class action lawsuits.
If you are a purchaser of TeleTech Holdings, Inc. common stock during the Class Period, you may have the legal right to petition the court to be appointed a "lead plaintiff." Any such request must satisfy certain criteria and be made on or before March 25, 2008.
The pending lawsuits allege that the defendants violated the federal securities laws in connection with TeleTech's accounting for its equity-based compensation practices, which will necessitate the restatement of its previous financial statements. More specifically, individuals at the company allegedly engaged in a practice known as stock option "backdating." Backdating occurs where employee stock option grant dates are improperly selected with the benefit of hindsight so that the recipients can take advantage of exercise prices that are lower than the prices on the actual grant dates, thereby secretly maximizing their profits. Reportedly, more than 200 companies have been investigated by regulators, questioned by research firms and/or have been subject to lawsuits as a result of undisclosed stock option backdating.
Dyer & Berens LLP specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. Its attorneys have served as lead or liaison counsel in many securities fraud class actions involving Colorado companies, including: In re Qwest Comm'ns Int'l Sec. Litig.; Croker v. Carrier Access Corp.; UFCW Local 880-Retail Employers Joint Pension Fund v. Newmont Mining Corp.; Rasner v. FirstWorld Comm'ns, Inc.; In re ICG Comm'ns Sec. Litig.; Angres v. Smallworldwide, PLC; In re Ultimate Electronics, Inc. Sec. Litig.; Kerns v. SpectraLink Corp.; Queen Uno Ltd. v. Coeur d'Alene Mines Corp.; Toothman v. One-Stop Wireless of America; Gregg v. Sport-Haley, Inc.; and In re Tele-Communications, Inc. Sec. Litig.