Akerman Senterfitt Successfully Defends Medical Manager Corporation Against Y2K Securities Class Action Suit

First-Ever Y2K Securities Case in the Country

Dismissal Affirmed in 17-Page Ruling



Apr 10, 2001, 01:00 ET from Akerman Senterfitt

    TAMPA, Fla. and MIAMI, April 10 /PRNewswire/ -- The U.S. Court of Appeals,
 Eleventh Circuit, in a March 30, 2001 decision, upheld an earlier decision
 dismissing a securities class action against Medical Manager Corporation and
 its directors and officers.  The company was acquired by WebMD (Nasdaq:   HLTH)
 in 2000.  The action, originally brought in the fall of 1998 on behalf of
 investors who claimed the company failed in its prospectus to adequately
 disclose information about Y2K compliance issues, was originally dismissed in
 January of 2000. It was the first Y2K securities case in the country.  The
 affirmation closes the case.
     "It is gratifying to see the conclusion of this case, and the
 acknowledgement that Medical Manager Corporation did, in fact, provide enough
 information for an investor to evaluate risks involved with investing," said
 Larry Silverman, a shareholder with Akerman Senterfitt, who represented
 Medical Manager.
     The Judge agreed with the earlier ruling that Medical Manager made
 forward-looking statements in the company prospectus that were protected by
 the Private Securities Litigation Reform Act.
     Steve Hartz, Larry Silverman and Chris Carver of Akerman Senterfitt's
 Miami office represented Medical Manager in the two-and-a-half year legal
 battle.  "The Court granted a clean win," said Hartz.  "It also granted our
 cross-appeal and is remanding the case to the District solely to determine
 whether the case should be deemed frivolous under Rule 11 of the Federal Rules
 of Civil Procedure.  We are, of course, delighted with the decision."
     The New York firm of Abbey, Gardy & Squitieri, and the Tampa law firm of
 Alpert, Barker & Rodems represented the plaintiffs.
     A copy of the decision may be viewed at
 http://laws.lp.findlaw.com/11th/0010163opn.html
 
     Akerman Senterfitt: Founded in 1920, with more than 340 attorneys, Akerman
 Senterfitt is one of Florida's leading law firms.
 
     WebMD:  WebMD Corporation provides connectivity and a full suite of
 services to the healthcare industry that improve administrative efficiencies
 and clinical effectiveness enabling high-quality patient care. The company's
 products and services facilitate information exchange, communication and
 transactions between the consumer, physician and healthcare institutions. The
 Company was formed in November 1999, as a result of the merger of Healtheon
 Corporation, WebMD, Inc., MEDE America and Medcast.
 
 

SOURCE Akerman Senterfitt
    TAMPA, Fla. and MIAMI, April 10 /PRNewswire/ -- The U.S. Court of Appeals,
 Eleventh Circuit, in a March 30, 2001 decision, upheld an earlier decision
 dismissing a securities class action against Medical Manager Corporation and
 its directors and officers.  The company was acquired by WebMD (Nasdaq:   HLTH)
 in 2000.  The action, originally brought in the fall of 1998 on behalf of
 investors who claimed the company failed in its prospectus to adequately
 disclose information about Y2K compliance issues, was originally dismissed in
 January of 2000. It was the first Y2K securities case in the country.  The
 affirmation closes the case.
     "It is gratifying to see the conclusion of this case, and the
 acknowledgement that Medical Manager Corporation did, in fact, provide enough
 information for an investor to evaluate risks involved with investing," said
 Larry Silverman, a shareholder with Akerman Senterfitt, who represented
 Medical Manager.
     The Judge agreed with the earlier ruling that Medical Manager made
 forward-looking statements in the company prospectus that were protected by
 the Private Securities Litigation Reform Act.
     Steve Hartz, Larry Silverman and Chris Carver of Akerman Senterfitt's
 Miami office represented Medical Manager in the two-and-a-half year legal
 battle.  "The Court granted a clean win," said Hartz.  "It also granted our
 cross-appeal and is remanding the case to the District solely to determine
 whether the case should be deemed frivolous under Rule 11 of the Federal Rules
 of Civil Procedure.  We are, of course, delighted with the decision."
     The New York firm of Abbey, Gardy & Squitieri, and the Tampa law firm of
 Alpert, Barker & Rodems represented the plaintiffs.
     A copy of the decision may be viewed at
 http://laws.lp.findlaw.com/11th/0010163opn.html
 
     Akerman Senterfitt: Founded in 1920, with more than 340 attorneys, Akerman
 Senterfitt is one of Florida's leading law firms.
 
     WebMD:  WebMD Corporation provides connectivity and a full suite of
 services to the healthcare industry that improve administrative efficiencies
 and clinical effectiveness enabling high-quality patient care. The company's
 products and services facilitate information exchange, communication and
 transactions between the consumer, physician and healthcare institutions. The
 Company was formed in November 1999, as a result of the merger of Healtheon
 Corporation, WebMD, Inc., MEDE America and Medcast.
 
 SOURCE  Akerman Senterfitt