BALA CYNWYD, Pa., Oct. 24, 2001 (PRIMEZONE) -- Brodsky & Smith, L.L.C., of Bala Cynwyd, Pa., today announced that class action lawsuits have been initiated in federal courts across the country by various law firms alleging violations of the federal and/or state securities laws, and that investigations of these securities law violations by Brodsky & Smith, L.L.C. are underway for the following corporations:
Corporation Class Period CareScience, Inc. (Nasdaq:CARE) 06-29-00 to 11-01-00 Comverse Technology Group, Inc. (Nasdaq:CMVT) 04-03-01 to 07-10-01 Hayes Lemmerz (NYSE:HAZ) 06-08-00 to 09-05-01 LoudCloud, Inc. (Nasdaq:LDCL) 03-08-01 to 05-01-01
The proposed classes of investors have not yet been certified by the courts. Until certified, an investor is not represented. You have the right to be represented and to participate as a plaintiff if you purchased the above-named securities during the proposed class periods identified above.
Brodsky & Smith, L.L.C., has only filed a lawsuit against LoudCloud as of the time of this press release and is still investigating the alleged violations brought by other law firm(s) against the other above-mentioned companies at this time. If you purchased a stock listed during the period indicated above and would like to receive information about the procedure for retaining counsel, participating as a lead plaintiff, other law firms involved in any pending litigation, and/or any of your legal rights, please contact us via e-mail at esmith@brodsky-smith.com, telephone at (toll free) (877) LEGAL90 (877-534-2590) or at the following address:
Evan J. Smith, Esquire Jason L. Brodsky, Esquire Brodsky & Smith, L.L.C. 11 Bala Avenue, Suite 39 Bala Cynwyd, PA 19004
Please indicate the name of the stock, quantity of shares purchased, your name, address, telephone number and facsimile number.
More information on these and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.