Stull, Stull & Brody Announces Class Action Against Merrill Lynch, Morgan Stanley Dean Witter, Henry Blodget And Mary Meeker Relating To Inktomi Corporation
Market Wire, 20050229
Notice is hereby given that a class action lawsuit was filed on September 13, 2002 in the United States District Court for the Southern District of New York, on behalf of individuals who purchased Inktomi Corporation ("Inktomi" or the "Company") (NYSE:INKT) common stock between June 10, 1998 and April 3, 2001, inclusive (the "Class Period") against defendants Merrill Lynch & Co., Inc. ("Merrill Lynch"), Morgan Stanley Dean Witter & Co., Inc. ("Morgan Stanley"), Henry Blodget and Mary Meeker, who are charged with issuing misleading analyst reports about Inktomi.
Related Results
The complaint alleges that Defendants urged investors to purchase Inktomi stock when defendants knew or should have known that such purchases were not a good investment. The complaint alleges that defendants issued "Buy" recommendations about Inktomi without any rational economic basis; failed to disclose that they were issuing "Buy" recommendations to obtain investment banking business; and concealed significant, material conflicts of interests that prevented them from providing independent objective analysis.
If you purchased Inktomi common stock between June 10, 1998 and April 3, 2001, inclusive, you may, no later than October 29, 2002, request the Court appoint you as lead plaintiff.
Alead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.
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