Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Calico Commerce, Inc. Seeking Damages on Behalf of Investors

Apr 13, 2001, 01:00 ET from Cauley Geller Bowman & Coates, LLP

    LITTLE ROCK, Ark., April 13 /PRNewswire/ -- The Law Firm of Cauley Geller
 Bowman & Coates, LLP announced today that a class action has been filed in the
 United States District Court for the Southern District of New York on behalf
 of purchasers of Calico Commerce, Inc. (Nasdaq: CLIC) ("Calico" or the
 "Company") securities during the period between October 7, 1999 and
 June 29, 2000, inclusive (the "Class Period").
     The complaint charges Calico, Goldman Sachs & Co. ("Goldman Sachs"),
 Credit Suisse First Boston Corporation ("Credit Suisse"), Merrill Lynch,
 Fenner & Smith, Incorporated ("Merrill Lynch"), BancBoston Robertson Stephens,
 Inc. ("BancBoston"), and individual defendants Alan P. Naumann and Arthur F.
 Knapp with violations of Sections 11, 12(a)(2) and 15 of the Securities Act of
 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
 promulgated thereunder.  On October 7, 1999, Calico commenced an initial
 public offering of 4 million of its shares of common stock at an offering
 price of $14 per share (the "Calico IPO").  In connection therewith, Calico
 filed a registration statement, which incorporated a prospectus (the
 "Prospectus"), with the SEC.  The complaint further alleges that the
 Prospectus was materially false and misleading because it failed to disclose,
 among other things, that: (i) Goldman Sachs, Credit Suisse, Merrill Lynch and
 Banc Boston had solicited and received excessive and undisclosed commissions
 from certain investors in exchange for which Goldman Sachs, Credit Suisse,
 Merrill Lynch and BancBoston allocated to those investors material portions of
 the restricted number of Calico shares issued in connection with the Calico
 IPO; and (ii) Goldman Sachs, Credit Suisse, Merrill Lynch and BancBoston
 agreed to allocated Calico shares to those customers in the IPO in exchange
 for which the customers agreed to purchase additional Calico shares in the
 aftermarket at pre-determined prices.  As alleged in the complaint, the SEC is
 investigating underwriting practices in connection with several other initial
 public offerings.
     If you bought the securities of Calico between October 7, 1999 and
 June 29, 2000, inclusive, you may, no later than May 28, 2001 request that the
 Court appoint you as lead plaintiff.  A lead plaintiff is a representative
 party that acts on behalf of other class members in directing the litigation.
 In order to be appointed lead plaintiff, the Court must determine that the
 class member's claim is typical of the claims of other class members, and that
 the class member will adequately represent the class.  Under certain
 circumstances, one or more class members may together serve as "lead
 plaintiff."  Your ability to share in any recovery is not, however, affected
 by the decision whether or not to serve as a lead plaintiff.  You may retain
 Cauley Geller Bowman & Coates, LLP, or other counsel of your choice, to serve
 as your counsel in this action.
     Cauley Geller Bowman & Coates, LLP has substantial experience representing
 investors in securities fraud class action lawsuits such as this.  The firm
 has offices in Florida, Arkansas and California, but represents shareholders
 from throughout the nation.  If you have any questions about how you may be
 able to recover for your losses, or if you would like to consider serving as
 one of the lead plaintiffs in this lawsuit, you are encouraged to call or
 e-mail the Firm or visit the Firm's website at www.classlawyer.com.
 
      CAULEY GELLER BOWMAN & COATES, LLP
      Client Relations Department:
      Sue Null, Charlie Gastineau or Jackie Addison
      P.O. Box 25438
      Little Rock, AR 72221-5438
      Toll Free: 1-888-551-9944
      E-mail: info@classlawyer.com
 
 

SOURCE Cauley Geller Bowman & Coates, LLP
    LITTLE ROCK, Ark., April 13 /PRNewswire/ -- The Law Firm of Cauley Geller
 Bowman & Coates, LLP announced today that a class action has been filed in the
 United States District Court for the Southern District of New York on behalf
 of purchasers of Calico Commerce, Inc. (Nasdaq: CLIC) ("Calico" or the
 "Company") securities during the period between October 7, 1999 and
 June 29, 2000, inclusive (the "Class Period").
     The complaint charges Calico, Goldman Sachs & Co. ("Goldman Sachs"),
 Credit Suisse First Boston Corporation ("Credit Suisse"), Merrill Lynch,
 Fenner & Smith, Incorporated ("Merrill Lynch"), BancBoston Robertson Stephens,
 Inc. ("BancBoston"), and individual defendants Alan P. Naumann and Arthur F.
 Knapp with violations of Sections 11, 12(a)(2) and 15 of the Securities Act of
 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
 promulgated thereunder.  On October 7, 1999, Calico commenced an initial
 public offering of 4 million of its shares of common stock at an offering
 price of $14 per share (the "Calico IPO").  In connection therewith, Calico
 filed a registration statement, which incorporated a prospectus (the
 "Prospectus"), with the SEC.  The complaint further alleges that the
 Prospectus was materially false and misleading because it failed to disclose,
 among other things, that: (i) Goldman Sachs, Credit Suisse, Merrill Lynch and
 Banc Boston had solicited and received excessive and undisclosed commissions
 from certain investors in exchange for which Goldman Sachs, Credit Suisse,
 Merrill Lynch and BancBoston allocated to those investors material portions of
 the restricted number of Calico shares issued in connection with the Calico
 IPO; and (ii) Goldman Sachs, Credit Suisse, Merrill Lynch and BancBoston
 agreed to allocated Calico shares to those customers in the IPO in exchange
 for which the customers agreed to purchase additional Calico shares in the
 aftermarket at pre-determined prices.  As alleged in the complaint, the SEC is
 investigating underwriting practices in connection with several other initial
 public offerings.
     If you bought the securities of Calico between October 7, 1999 and
 June 29, 2000, inclusive, you may, no later than May 28, 2001 request that the
 Court appoint you as lead plaintiff.  A lead plaintiff is a representative
 party that acts on behalf of other class members in directing the litigation.
 In order to be appointed lead plaintiff, the Court must determine that the
 class member's claim is typical of the claims of other class members, and that
 the class member will adequately represent the class.  Under certain
 circumstances, one or more class members may together serve as "lead
 plaintiff."  Your ability to share in any recovery is not, however, affected
 by the decision whether or not to serve as a lead plaintiff.  You may retain
 Cauley Geller Bowman & Coates, LLP, or other counsel of your choice, to serve
 as your counsel in this action.
     Cauley Geller Bowman & Coates, LLP has substantial experience representing
 investors in securities fraud class action lawsuits such as this.  The firm
 has offices in Florida, Arkansas and California, but represents shareholders
 from throughout the nation.  If you have any questions about how you may be
 able to recover for your losses, or if you would like to consider serving as
 one of the lead plaintiffs in this lawsuit, you are encouraged to call or
 e-mail the Firm or visit the Firm's website at www.classlawyer.com.
 
      CAULEY GELLER BOWMAN & COATES, LLP
      Client Relations Department:
      Sue Null, Charlie Gastineau or Jackie Addison
      P.O. Box 25438
      Little Rock, AR 72221-5438
      Toll Free: 1-888-551-9944
      E-mail: info@classlawyer.com
 
 SOURCE  Cauley Geller Bowman & Coates, LLP