Stull, Stull & Brody Announces Class Action Lawsuit Filed On Behalf Of All Persons Who Purchased Critical Path Common Stock Between April 31, 2000 and October 19, 2000

Business Wire, March 13, 2002

Business Editors & Legal Writers

LOS ANGELES--(BUSINESS WIRE)--March 13, 2002

Stull, Stull & Brody announced that it has filed a class action complaint on behalf of all persons who acquired Critical Path, Inc. (NASDAQ: CPTH) securities between April 31, 2000 and October 19, 2000, inclusive (the "Class Period"). The complaint charges that Critical Path, Inc. ("Critical Path" or the "Company") and certain of its officers and directors, violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Critical Path, founded in early 1997, is a worldwide communication technology company which provides e-mail hosting services to various organizations, including Internet service providers, wireless and wireline carriers, enterprise corporations and postal authorities. Beginning in the Spring of 2000, many of Critical Path's core customers were have difficulties obtaining funding. The complaint alleges that as a result of these funding problems, Critical Path had problems collecting receivables. In addition, the complaint alleges that defendants had known that the governing accounting regulations would prevent Critical Path from continuing to recognize up-front license fees in Q4 2000. The complaint also alleges defendants knew these new accounting regulations would impair Critical Path's future revenue growth. In an effort to falsely elevate the Company's stock and garner their own bonuses, defendants continued to make positive but false statements about Critical Path's business and projections for Q3/Q4 2000 and beyond.

The complaint alleges that as a result of the defendants' conduct, plaintiff and other members of the Class suffered damages.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Stull, Stull & Brody who has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders. If you are a member of the class described above, you may, no later than April 5, 2002, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to discuss this action, or have any questions concerning this notice, or your rights or interests with respect to this matter, please contact plaintiff's counsel listed below or visit our website at www.secfraud.com.