Holzer & Holzer Announces Shareholder Class Actions

Business Wire, March 22, 2001

Business Editors & Legal Writers

ATLANTA--(BUSINESS WIRE)--March 22, 2001

Holzer & Holzer recently filed shareholder class action lawsuits on behalf of all those who invested in the following securities during the following periods of time (the "Class Periods").

                                                    Lead Plaintiff
Company                         Class Period        Deadline
-------                         ------------        --------------

Critical Path, Inc.             11/2/00 - 2/1/01    April 3, 2001
(NASDAQ: CPTH - news)

U.S. Interactive, Inc.          2/10/00 - 11/8/00   April 1, 2001
(NASDAQ: USITQ - news)

Emulex Corporation              1/18/01 - 2/9/01    April 21, 2001
(NASDAQ: EMLX - news)

Nortel Networks Corporation     11/1/00 - 2/15/01   April 17, 2001
(NYSE: NT - news)

CommTouch Software Ltd.         4/19/00 - 2/13/01   April 17, 2001
(NASDAQ: CTCH - news)

NorthPoint Communications Group 8/8/00 - 11/29/00   April 17, 2001
(NASDAQ: NPNTQ.OB - news)

If you purchased securities in any of the referenced companies during the Class Periods set forth above, you may, no later than the deadline set forth above, move the Court to serve as a lead plaintiff in the action. In order to serve as a lead plaintiff, however, you must meet certain legal requirements. If you have any questions about your rights with respect to these lawsuits, you may contact Holzer & Holzer, Corey D. Holzer, Esq. (toll-free) at (888) 508-6832, or inquire via e-mail to holzerlaw@aol.com.

Critical Path, Inc. (NASDAQ: CPTH - news) - The complaint, filed in the United States District Court for the Northern District of California, alleges that Critical Path and certain of its officers and directors violated the Securities Exchange Act of 1934. Specifically, the complaint alleges that, during the Class Period, various companies to which Critical Path provided e-mail hosting services had been suffering from a downturn in Internet-related funding, and in addition, defendants knew that accounting regulations would prohibit Critical Path from continuing to recognize up front license fees in Q4 2000. The complaint alleges that while defendants knew these facts would severely impact Critical Path's future revenue growth, defendants nonetheless continued to make positive but false statements regarding Critical Path's business and future revenues which artificially inflated the price of Critical Path stock during the Class Period.

U.S. Interactive, Inc. (NASDAQ: USITQ - news) - The complaint, filed in the United States District Court for the Eastern District of Pennsylvania, alleges that certain officers and directors of U.S. Interactive violated the federal securities laws by disseminating false and misleading information regarding U.S. Interactive's financial condition, and as a result those false and misleading statements, U.S. Interactive stock traded at artificially inflated levels throughout the Class Period. The complaint alleges that during the Class Period defendants knew but failed to disclose, among other things, that several of U.S. Interactive's dot-com clients would not be able to pay U.S. Interactive for services it had rendered.

Emulex Corporation (NASDAQ: EMLX - news) - The complaint, filed in the United States District Court for the Central District of California, alleges that Emulex and certain of its officers and directors violated the Securities Exchange Act of 1934. Specifically, the complaint alleges that during the Class Period defendants made positive but false statements concerning Emulex's financial condition and business while concealing material adverse information about customers pushing out orders which might cause sales to fall short of expectations in Emulex's 3Q 01 ended April 1, 2001. As a result, the complaint alleges that Emulex stock traded at artificially inflated levels throughout the Class Period.

Nortel Networks Corporation (NYSE: NT - news) - The complaint, filed in United States District Court for the Eastern District of New York, alleges that Nortel Networks and certain of its officers and directors violated the federal securities laws by disseminating various material misrepresentations to the market during the Class Period concerning demand for its products. The complaint alleges that these material misrepresentations caused Nortel Networks stock to trade at artificially inflated levels throughout the Class Period. Furthermore, the complaint alleges that on February 15, 2001, Nortel Networks drastically lowered its guidance for its FY 2001 because of decreased demand for its products, which caused its stock to plummet.

CommTouch Software Ltd. (NASDAQ: CTCH - news) - The complaint, filed in United States District Court for the Northern District of California, alleges that CommTouch and certain of its officers and directors violated the federal securities laws by disseminating false information regarding CommTouch's financial condition. Specifically, the complaint alleges that on February 14, 2001 CommTouch announced that it would restate its Q1 - Q3 2000 financial statements because of accounting misstatements contained in its initial financial statements, which CommTouch disseminated to the market during the Class Period. The complaint alleges that the inaccurate financial information caused CommTouch stock to trade at artificially inflated levels throughout the Class Period.