SAN FRANCISCO, Nov. 12 /PRNewswire/ -- The following is being issued by Gold Bennett & Cera LLP: Gold Bennett & Cera LLP has filed a class action complaint in the United States District Court for the Central District of California, Case No. CV-99-11672-R (CTx), on behalf of all former Broderbund Software, Inc. ("Broderbund") shareholders who acquired shares of The Learning Company ("TLC") common stock in connection with the TLC-Broderbund merger on August 31, 1998 (the "Merger"). The complaint alleges that defendants violated Sections 11, 12(2) and 15 of the Securities Act of 1933, 15 U.S.C. Sections 77k, 77l(a)(2) and 77o. Mattel, Inc. (NYSE: MAT), which acquired TLC earlier this year, is named as a defendant in the lawsuit. The complaint also names TLC's directors at the time of the Merger. The plaintiffs acquired shares of TLC common stock in the Merger and are seeking to recover damages on behalf of themselves and the class. Plaintiffs are represented by the San Francisco law firm of Gold Bennett & Cera LLP. For over 30 years, Gold Bennett & Cera LLP and its predecessors have successfully engaged in commercial litigation, including shareholder, consumer and antitrust class actions, in federal and state courts throughout the United States, recovering hundreds of millions of dollars for its clients. The complaint alleges that the Registration Statement and Joint Proxy Statement and Prospectus dated July 14, 1998, issued by TLC and signed by TLC's directors, contained materially false or misleading statements regarding, among other things, TLC's revenue, net income and earnings per share. Specifically, the complaint alleges that TLC improperly recognized revenue on sales where it had granted the right to return unsold merchandise, that TLC delayed timely recording product returns from its customers, and that TLC billed customers or charged customer credit cards for software products that it knew, or should have known, was unavailable. If you received TLC common stock in exchange for Broderbund common stock on or after August 31, 1998, you may no later than 60 days from today move the Court to serve as lead plaintiff, if you so choose. 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, please contact Joseph M. Barton of Gold Bennett & Cera LLP, 595 Market Street, Suite 2300, San Francisco, California 94105, by telephone at 800-778-1822 or 415-777-2230, by facsimile at 415-777-5189 or by e-mail at email@example.com.
SOURCE Gold Bennett & Cera LLP