-Caveat Lector- Subject: [Studio23] Stock Conspiracy Date: Thu, 14 Dec 2000 16:47:55 -0800 From: "M B" <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] Organization: Angelfire (http://email.angelfire.mailcity.lycos.com:80) To: [EMAIL PROTECTED] The owners of disinfo.com are now defendants as conspirators. Two class action suits have now been filed. Business Editors Legal Writers NEW YORK--(BUSINESS WIRE)--Dec. 14, 2000--The following is an announcement by the law firm of Milberg Weiss Bershad Hynes Lerach LLP: The law firm of Milberg Weiss Bershad Hynes Lerach LLP announces that a class action lawsuit was filed on December 13, 2000, on behalf of purchasers of the securities of Razorfish, Inc. ("Razorfish" or the "Company") (NASDAQ:RAZF) between February 15, 2000 and October 5, 2000 inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on Milberg Weiss' website at: http://www.milberg.com/razorfish/ The action, numbered 00 CV 9474, is pending in the United States District Court, Southern District of New York, located at 500 Pearl Street, New York, NY, against defendants Razorfish, Inc., Jeffrey A. Dachis, Craik M. Kanarick, Jean-Philippe Maheu, Michael Pehl and John J. Roberts. The Honorable Jed S. Rakoff is the Judge presiding over the case. The complaint alleges defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder by using materially false and misleading statements throughout the Class Period. For example, the complaint alleges that in its Form 10-K for the year ended December 31, 1999, filed with the SEC on April 5, 2000, and in news releases, the Company stated, among other things, that: (a) Razorfish had been able to "quickly integrate its employees from its numerous acquisitions and to attract top professionals"; (b) Razorfish had been "hitting on all cylinders now that we have successfully integrated our operations"; and (c) Razorfish "is better able to serve multi- national and local clients because its local consultants understand the nuances of local cultures, economies and business practices." The truth began to emerge on October 5, 2000 when, after the close of trading, the Company issued a corporate release warning that revenue and earnings in the third quarter ended September 30, 2000 would fall far short of defendants' previous projections. Upon news of the warning, the Company's stock fell 43%, from $8.75 on October 5, 2000, to close at $5 per share on October 6, 2000, down 91% from the Class Period high of $55 on February 15, 2000. During the Class Period, insiders sold a total of 1,215,716 shares of Razorfish stock for proceeds of $12,763,815 before disclosing the truth about the Company. If you bought the securities of Razorfish between February 15, 2000 and October 5, 2000, you may, no later than February 12, 2001, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad Hynes Lerach LLP, or other counsel of your choice, to serve as your counsel in this action. Milberg Weiss Bershad Hynes Lerach LLP ( http://www.milberg.com) is a 145-lawyer firm with offices in New York City, San Diego, San Francisco, Los Angeles, Boca Raton and Seattle and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and others, and has been responsible for more than $20 billion in aggregate recoveries. Please contact the Milberg Weiss website for more information about the firm. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorneys: Steven G. Schulman or Samuel H. Rudman One Pennsylvania Plaza, 49th fl. New York, NY, 10119-0165 Phone number: (800) 320-5081 Email: [EMAIL PROTECTED] Website: http://www.milberg.com <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. 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