PHILADELPHIA, Dec. 1, 2000 (PRIMEZONE) -- Spector, Roseman & Kodroff, P.C. has filed a complaint in the United States District Court for the Northern District of California, on behalf of all persons who purchased Covad Communications ("Covad" or the "Company") (Nasdaq:COVD) securities between September 7, 2000 and October 17, 2000 (the "Class Period"), including those who acquired Covad shares in connection with Covad's acquisition of BlueStar Communications Corp. and those who acquired Covad convertible senior notes.
Covad provides dedicated high-speed digital communications services using digital subscriber line technology to Internet service providers and enterprise customers. The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 by, among other things, misrepresenting the revenues that Covad was deriving from its newly acquired BlueStar business.
If you are a member of the Class described, you may, no later than December 20, 2000, move the Court to serve as lead plaintiff for 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, please contact plaintiff's counsel Robert M. Roseman at 1-888-844-5862 or via E-mail at classaction@spectorandroseman.com.
For more detailed information about the firm please visit their website at http://www.spectorandroseman.com.
SPECTOR, ROSEMAN & KODROFF, P.C., located in Philadelphia, Pennsylvania and San Diego, California, concentrates its practice in complex litigation including actions dealing with securities laws, antitrust, contract and commercial claims. The firm is active in major litigation pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm as lead counsel in numerous major class actions involving violations of the federal securities laws and the federal antitrust laws. As result of the efforts of the firm, and its members, hundreds of millions of dollars have been recovered on behalf of thousands of defrauded shareholders and companies.