USA: MicroStrategy Shareholders Have Only 9 Days Left to Move to Serve as Lead Plaintiff According to Schiffrin & Barroway, LLP
The following statement was issued today by the law firm of Schiffrin & Barroway, LLP: Earlier this year, investors represented by Schiffrin & Barroway, LLP filed a class action lawsuit in the United States District Court for the Eastern District of Virginia on behalf of all purchasers of the common stock of MicroStrategy Incorporated (Nasdaq: MSTR) from June 11, 1998 through March 20, 2000, inclusive (the "Class Period"). If you purchased the common stock of MicroStrategy during the Class Period, you may be qualified to serve as one of the lead plaintiff's for this action. Under the Private Securities Litigation Reform Act of 1995, there is a presumption that the investor with the largest financial losses should serve as the lead plaintiff in a Federal securities fraud action. If you are a member of the class described above, you may, not later than May 19, 2000, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. The complaint charges MicroStrategy and certain of its officers and directors with reporting materially false and misleading financial results throughout the Class Period. During 1998 and 1999, defendants significantly overstated MicroStrategy's revenues and earnings per share by improperly recognizing revenue in connection with software sales/service contracts. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, LLP, who has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. For more information on Schiffrin & Barroway, please visit our website at
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Apparel factory auditing is in the firing line
- How US border adjustment tax could affect apparel
- Trump and the apparel industry – Infographic
- "Buy American, Hire American" to guide Trump trade
- Ten retail trends to watch for in 2017
- Brands need to tackle Turkey factory refugee abuse
- Trump signs order to withdraw from TPP
- UK clothing factory workers paid half minimum wage
- Patagonia launching circular economy platform
- Auditing "in need of reinvention" says new project
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022