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IN RE DATAWARE TECHNOLOGIES INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: DTI82849, CourtName: CLASS ACTION CASES, State: MA Massachusetts, UniqueCaseRef: LCD>DTI82849, Dataware, Common Stock, Shares, Reports, Analysts, Sales, Offering, Officers, Facts, Systems Integration, Systems Integration Business, Communications, Misleading, Technologies, Conference, Executives, Individual Defendants, Ipo, Cd-rom, Net Income, Senior Executives, Inflated Prices, Securities Analysts, Material Adverse, Accounts Receivables, Misrepresentations, Purchasers , ContentID: 120249631

Case Documents
1 1995-01-26 CONSOLIDATED AMENDED COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 122435
60 pages
PDF
Total Documents: 1 document , 60 pages
Price: $ 19.95


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1 . CONSOLIDATED AMENDED COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
COMMON STOCK
SHARES
REPORTS
MEETING
ANALYSTS
SALES
OFFERING
OFFICERS
FACTS
PLAINTIFFS
SYSTEMS INTEGRATION
SYSTEMS INTEGRATION BUSINESS
COMMUNICATIONS
MISLEADING
TECHNOLOGIES
CONFERENCE
EXECUTIVES
INDIVIDUAL DEFENDANTS
IPO
CD-ROM
NET INCOME
SENIOR EXECUTIVES
INFLATED PRICES
SECURITIES ANALYSTS
MATERIAL ADVERSE
ACCOUNTS RECEIVABLES
MISREPRESENTATIONS
PURCHASERS
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                                                       UNITED  STATES  DISTRICT  COURT
                                                  FOR  THE  DISTRICT             OF  MASSACHUSETTS

                                                                                                   
                                                                                                   
                                                                                         )    
                                                                                                   
                    IN  RE:  DATAWARE  TECHNOLOGIES,                   INC.  )                
.-I
                    SECURITIES  LITIGATION                                                         

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                                      CONSOLIDATED           AND  AMENDED  CLASS  ACTION  COMPLAINT

                       Plaintiffs,  by their  undersigned  attorneys  for  their  Complaint 

                                        NATURE  OF THE  ACTION  AND  SUMMARY  OF CLAIMS

                            1.       This  is a class action  on behalf  of  all purchasers of  the

                    Technologies,  Inc.  ("Dataware"  or the "Company")  between  July  20,  1993

                    action  arises out of  defendants  false  and misleading  statements concerning

                    performance  of  Dataware  throughout  the Class Period.

                            2.       Plaintiffs  contend  that through  misrepresentations  and
SNIPPETS:
  • Plaintiffs, by their undersigned attorneys for their Complaint against defendants, allege as
  • This is a class action on behalf of all purchasers of the common stock of Dataware
  • Technologies, Inc. ("Dataware" or the "Company") between July 20, 1993 and December 8, 1993.
  • Plaintiffs contend that through misrepresentations and failures to disclose material facts
  • concerning Dataware in an Initial Public Offering of the common stock of
  • communications, defendants defrauded investors in Dataware while inside officers and
  • thousands of shares of Dataware and reaped millions of dollars at their investors' expense.
  • conference calls and reports to stockholders covering Dataware's second and third quarters of
  • From the time of its IPO in July 1993, Dataware has conducted its sales through a direct
  • Because of the expense and unique nature of Dataware's CD-Rom products, substantial time was
  • meeting which was attended by the individual defendants herein and other senior executives.
  • that sales for the December quarter would be below the prior year and below analysts'
  • Dataware's systems integration business consisted of the sale of premastering software known
  • November 15, 1993, the Individual Defendants and other corporate executives of Dataware sold
  • Defendants Wyman and Wilcox openly discussed these facts at corporate headquarters in
  • In order to inflate revenue, net income and assets, Dataware violated G&Q and the
  • of Days Sales Outstanding ("DSO," the number of days' sales in accounts receivables),
  • of the Company's common stock for proceeds of $1,440,583 while in the possession of material
  • Company's stock at artificially inflated prices.
  • contents of its quarterly and annual reports, press releases and presentations to securities
  • herein to be misleading prior to or shortly after their issuance and had the ability and
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