ATLANTA, April 5, 2001 (PRIMEZONE) -- Holzer & Holzer recently filed shareholder class action lawsuits on behalf of all those who invested in the following securities during the following periods of time (the "Class Periods").
Company Class Period Lead Plaintiff
Deadline
IBP, Inc. 2/7/00 - 3/13/01 April 9, 2001
(NYSE:IBP)
Oracle Corporation 12/15/00 - 3/1/01 May 8, 2001
(Nasdaq:ORCL)
Nuance Communications, Inc. 1/31/01 - 3/15/01 May 21, 2001
(Nasdaq:NUAN)
JNI Corporation 10/16/00 - 3/28/01 June 1, 2001
(Nasdaq:JNIC)
If you purchased securities in any of the referenced companies during the Class Periods set forth above, you may, no later than the deadline set forth above, move the Court to serve as a lead plaintiff in the action. In order to serve as a lead plaintiff, however, you must meet certain legal requirements. If you have any questions about your rights with respect to these lawsuits, you may contact Holzer & Holzer, Corey D. Holzer, Esq. (toll-free) at (888) 508-6832, or inquire via e-mail to holzerlaw@aol.com.
IBP, Inc. (NYSE:IBP) -- The complaint, filed in the United States District Court for the District of South Dakota, alleges that IBP and certain of its officers and directors violated the federal securities laws by disseminating materially false and misleading information concerning IBP's business and financial condition, which caused IBP stock to trade at artificially inflated prices throughout the Class Period. Specifically, the complaint alleges that IBP engaged in various accounting improprieties, and as a result, was forced to restate its earnings for 1999 and the first three quarters of 2000.
Oracle Corporation (Nasdaq:ORCL) -- The complaint, filed in the United States District Court for the Northern District of California, alleges that Oracle and Lawrence J. Ellison ("Ellison") violated the Securities Exchange Act of 1934 by disseminating false and misleading information concerning Oracle's business and financial condition, which caused Oracle stock to be artificially inflated throughout the Class Period. The complaint also alleges that defendants assured investors that Oracle's new 11i Suite required no programming systems integration to implement the product and that using the product internally saved Oracle $1 billion. The complaint alleges that, in fact, Oracle and Ellison knew that the product was fraught with technical problems and required expensive systems integration work to implement, and $1 billion savings was actually due to the termination of more that 2,000 Oracle employees.
Nuance Communications, Inc. (Nasdaq:NUAN) -- The complaint, filed in the United States District Court for the Northern District of California, alleges that Nuance and certain of its officers and directors violated the federal securities laws by disseminating materially false and misleading information concerning Nuance's financial condition and growth potential. The complaint alleges that as a result of these false and misleading statements, Nuance stock traded at artificially inflated levels throughout the Class Period. The complaint also alleges that Nuance insiders sold large quantities of their own holdings in Nuance, and just weeks later, Nuance revealed that its revenue growth had ceased and that quarterly revenues would be well below those reported for the prior quarter.
JNI Corporation (Nasdaq:JNIC) -- The complaint, filed in the United States District Court for the Southern District of California, alleges that JNI and certain of its officers and directors violated the Securities Exchange Act of 1934. The complaint alleges that, during the Class Period, JNI made false statements concerning its business and results, which caused its stock to trade at artificially inflated levels. The complaint alleges that as a result of the artificial inflation of its stock, JNI was able to complete a $382 million stock offering (including the over-allotment) in October of 2000.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.