Sunday, April 24, 2005

Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Blue Coat Systems, Inc. -- BCSI : ArriveNet Press Releases : Business

Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Blue Coat Systems, Inc. -- BCSI : ArriveNet Press Releases : Business: "BALTIMORE, April 12, 2005 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Blue Coat Systems, Inc. (NASDAQ: BCSI) between February 20, 2004 and May 27, 2004, inclusive (the 'Class Period').

The case is pending in the United States District Court for the Northern District of California against defendant Blue Coat and one or more of its officers. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities." (Full story at link)

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