Sunday, April 24, 2005

Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit against Blue Coat Systems, Inc. -- BCSI

Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit against Blue Coat Systems, Inc. -- BCSI: "BALA CYNWYD, Pa., April 20, 2005 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Blue Coat Systems, Inc. ('Blue Coat' or the 'Company') (Nasdaq:BCSI), between February 20, 2004 and May 27, 2004 inclusive (the 'Class Period'). The class action lawsuit was filed in the United States District Court for the Northern District of California.

The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period, thereby artificially inflating the price of Blue Coat securities." (Full story at link)

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