NEW YORK, Feb. 7, 2001 (PRIMEZONE) -- The following statement was issued today by Squitieri & Fearon, LLP.
You are hereby notified that a Class Action has been filed in the United States District Court for the Northern District of California on behalf of purchasers of Critical Path, Inc. (Nasdaq:CPTH) ("Critical Path" or the "Company") common stock during the period November 2, 2000 through February 2, 2001 (the "Class Period").
If you wish to discuss this action or have any questions concerning this notice or your rights or interest, please contact plaintiff's counsel, Stephen J. Fearon, Jr. of Squitieri & Fearon, LLP at (646) 487-3049 or via e-mail at Stephen@sfclasslaw.com.
The Complaint charges Critical Path and certain of its officers and directors with violating the federal securities laws. The plaintiff claims that defendants misrepresented and concealed material facts concerning the Company's operations and misstated the Company's financial results.
Plaintiff seeks to recover damages on behalf of himself and all purchasers of Critical Path's common stock during the Class Period. Excluded from the Class are the defendants and members of their immediate families, any entity in which a defendant has a controlling interest and the heirs of any such excluded party.
Plaintiff is represented by the law firm of Squitieri & Fearon, LLP, whose attorneys have significant experience and expertise prosecuting class actions on behalf of investors and shareholders.
If you are a member of the class described above, you may, not later than April 3, 2001, move the court to serve as a lead plaintiff of the Class.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel:
SQUITIERI & FEARON, LLP
Stephen J. Fearon, Jr.
521 Fifth Avenue
26th Floor
New York, NY 10175
1-646-487-3049 (Telephone)
1-646-487-3095 (Facsimile)
Stephen@sfclasslaw.com (e-mail)
More information on this and other class actions can be found at www.primezone.com/ca