BALA CYNWYD, Pa., Jan. 17 /PRNewswire/ -- The following statement was
issued today by the law firm of Schiffrin & Barroway, LLP:
Notice is hereby given that a class action lawsuit was filed in the United
States District Court for the Southern District of New York on behalf of all
purchasers of the common stock of VA Linux Systems, Inc. (Nasdaq: LNUX) from
December 9, 1999 through December 6, 2000, inclusive (the "Class Period").
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 Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Robert B. Weiser,
Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
The complaint alleges violations of the federal securities laws. On
December 9, 1999, VA Linux completed the initial public offering ("IPO") of
its common stock. In connection with the VA Linux IPO, the Company filed a
registration statement and prospectus (the "Offering Documents"). The
complaint alleges that the Offering Documents were materially false and
misleading, because, among other reasons, the Company's underwriters had
received undisclosed commissions from certain investors with the understanding
that they would receive large blocks of shares in VA Linux's IPO.
Plaintiff seeks to recover damages on behalf of class members and is
represented by the law firm of Schiffrin & Barroway, LLP, who has significant
experience and expertise prosecuting class actions on behalf of investors and
shareholders. For more information on Schiffrin & Barroway, please visit
If you are a member of the class described above, you may, not later than
March 12, 2001, move the Court to serve as lead plaintiff of the class, if you
so choose. In order to serve as lead plaintiff, however, you must meet
certain legal requirements.
CONTACT: Schiffrin & Barroway, LLP
Marc A. Topaz, Esq.
Robert B. Weiser, Esq.
Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at email@example.com
SOURCE Schiffrin & Barroway, LLP