GOODKIND LABATON RUDOFF
& SUCHAROW LLP
Jonathan M. Plasse
Catherine A. Murphy
100 Park Avenue
New York, New York 10017
(212) 907-0700
BERNSTEIN LITOWITZ BERGER
& GROSSMANN LLP
Max W. Berger
Daniel L. Berger
Lisa K. Buckser
1285 Avenue of the Americas
New York, New York 10019
(212) 554-1400
Co-Lead Counsel for Plaintiffs
and the Proposed Class
[Additional Counsel Listed
on Signature Page]
UNITED STATES DISTRICT COURT
DISTRICT OF NEW JERSEY
-----------------------------------X
: Civil Action No.
IN RE COMPUTRON SOFTWARE, INC., : 96-CV-1911 (AJL)
SECURITIES
LITIGATION
: : THIRD CONSOLIDATED
-----------------------------------X AMENDED CLASS ACTION
: COMPLAINT FOR VIOLATIONS
THIS DOCUMENT RELATES TO: : OF FEDERAL SECURITIES
ALL ACTIONS : LAW AND JURY DEMAND
-----------------------------------X
Plaintiffs Howard Rissin, residing at 20760 First Place, Baldwin, New York, Robert
Waldron, residing at 47 Elliot Road, East Greenbush, New York, Murray Weiss, residing at 157
Coleridge Street, Brooklyn, New York, John Dergosits, residing at 504 Grand Street, Apt. H43,
New York, New York, Thomas M. Justus, residing at 27771 Avenue Hopkins, Valencia,
California, Raymond Figler, residing at 4 Rowlands Road, Flemington, New Jersey, Saad
Investments Company Ltd., a foreign corporation, c/o 100 Park Avenue, New York, New York,
Ghobsha Holdings BVI Ltd., a foreign corporation, c/o 100 Park Avenue, New York, New York,
SNIPPETS:
New York, New York 10017
Co-Lead Counsel for Plaintiffs and the Proposed Class
IN RE COMPUTRON SOFTWARE, INC.,:
-----------------------------------X AMENDED CLASS ACTION
Ghobsha Holdings BVI Ltd., a foreign corporation, c/o 100 Park Avenue, New York, New York,
January 27, 1997, inclusive,, under the Securities Act of 1933 (the "Securities
Computron and the individuals were able to effectuate the Offering only because
the Registration Statement and Prospectus filed in connection with the Offering contained
violated generally accepted accounting practices.
financial statements to reflect a substantial loss for fiscal year 1994 rather than the
of Computron common stock which was offered at $17.50 and traded as high as $21.25 during the
Class Period, thereby injuring Class members.
including the preparation and dissemination of materially false and misleading information,
Typaldos") was the Company's Chief Executive
approximately 36.5 percent of the Company's then outstanding shares.
to the Form S-1 Registration Statement filed in connection with the Offering.
Defendants Gregory Kopchinsky and Robert Migliorino
Because of the Individual Defendants'
The revenues and earnings reported in the Prospectus were materially overstated
Thus, contrary to the representations in the Prospectus, Computron's operations had not turned
Post contract service fees are typically billed separately and are recognized on a straight
revenues derived from the Polish Contract had accounted for 16.6% of the total
Following the audit of the Company's consolidated financial statements for 1994, the Company
Each of these Individual Defendants were responsible for the contents and dissemination of the
A. Typaldos was a control person of Computron by virtue of his position as Chief
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