homeimgo
Home
About Our Firm
Our Areas of Practice
Our Attorneys
Recently Filed Actions
Join a Class Action
Report Fraud
Significant Recoveries
Notices & Proof of Claims
Contact Us

KAPLAN FOX & KILSHEIMER LLP FILES SECURITIES
FRAUD CLASS ACTION AGAINST UNIFY CORPORATION.

NEW YORK - Kaplan Fox & Kilsheimer LLP (www.KaplanFox.com) has filed a Class Action against Unify Corp. and certain of the Company's officers and directors in the United States District Court for the Northern District of California.  The suit is brought on behalf of all persons or entities who purchased the common stock of Unify Corporation ("Unify" or the "Company") (Nasdaq: UNFY) between May 19, 1999 through July 28, 2000.

The complaint charges Unify and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Specifically, the complaint alleges that starting in early 1999, the individual defendants caused Unify to issue false financial results and make false statements about its results and demand for its new products, including Unify e-Wave, causing its stock to trade at artificially inflated levels. Defendants took advantage of this inflation by selling 700,288 of their personal Unify shares for proceeds exceeding $7.8 million.

On July 31, 2000, Unify issued a press release disclosing that the Company had engaged in improper accounting and admitted that its fiscal 1999 and fiscal 2000 results had been false, that portions of its previously reported revenues had been ``improperly recognized,'' and that its top two officers had been placed on ``administrative leave.'' On these shocking disclosures, Unify's stock trading was halted, after last trading at $3-15/16 -- significantly lower than its Class Period high of $37 1/2 (split-adjusted).

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP which has many years of experience in prosecuting investor class actions and actions involving financial fraud.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com. If you are a member of the Class, you may move the court no later than September 29, 2000, to serve as a lead plaintiff for the Class.   In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@KaplanFox.com or contact:

Frederic S. Fox, Esq.
Christine Fox, Esq.
Brigid T. Kavanaugh, Esq.
Kaplan Fox & Kilsheimer LLP
805 Third Avenue - 22nd Floor
New York, NY 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714

Back to the Main List

Please Click Here to Join the Class Actions or Request Information

 

 | HOME | | ABOUT OUR FIRM | | OUR AREAS OF PRACTICE |

| OUR ATTORNEYS | | RECENTLY FILED ACTIONS | | CONTACT US |

For additional information about Kaplan Fox & Kilsheimer LLP

contact (mail@KaplanFox.com)

© Copyright 2001, Kaplan Fox & Kilsheimer LLP