Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Sensormatic Electronics Corp. Seeking Damages on Behalf of Investors

Apr 20, 2001, 01:00 ET from Cauley Geller Bowman & Coates, LLP

    LITTLE ROCK, Ark., April 20 /PRNewswire Interactive News Release/ -- 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 Florida on behalf of purchasers of Sensormatic Electronics Corp.
 (NYSE:   SRM) ("Sensormatic" or the "Company") securities during the period
 between January 12, 2001 and April 9, 2001, inclusive (the "Class Period").
     The complaint charges Sensormatic and certain officers and directors with
 violating the federal securities laws by issuing a series of materially false
 and misleading statements to the market between January 12, 2001 and April 9,
 2001 concerning its supposedly strong and growing sales and lucrative new
 contracts with massive clients.  These statements, as alleged in the
 complaint, were materially false and misleading because they failed to
 disclose that demand for Sensormatic's products was sluggish throughout the
 Class Period, and the Company was deeply discounting its products to inflate
 sales.  On April 10, 2001, Sensormatic issued a press release announcing that
 its third quarter of 2001 revenue had declined from the third quarter of 1999,
 and that it would miss securities analysts' earnings estimates by 66%.  In
 response to this announcement, Sensormatic's stock price dropped by 31% in one
 day to $13 per share on heavy trading volume.  Prior to the disclosure of the
 true facts about Sensormatic's business, certain Sensormatic insiders sold a
 total of over $5.5 million of their personally held Sensormatic stock.
     If you bought the securities of Sensormatic between January 12, 2001 and
 April 9, 2001, inclusive, you may, no later than June 19, 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
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03882792
 
 

SOURCE Cauley Geller Bowman & Coates, LLP
    LITTLE ROCK, Ark., April 20 /PRNewswire Interactive News Release/ -- 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 Florida on behalf of purchasers of Sensormatic Electronics Corp.
 (NYSE:   SRM) ("Sensormatic" or the "Company") securities during the period
 between January 12, 2001 and April 9, 2001, inclusive (the "Class Period").
     The complaint charges Sensormatic and certain officers and directors with
 violating the federal securities laws by issuing a series of materially false
 and misleading statements to the market between January 12, 2001 and April 9,
 2001 concerning its supposedly strong and growing sales and lucrative new
 contracts with massive clients.  These statements, as alleged in the
 complaint, were materially false and misleading because they failed to
 disclose that demand for Sensormatic's products was sluggish throughout the
 Class Period, and the Company was deeply discounting its products to inflate
 sales.  On April 10, 2001, Sensormatic issued a press release announcing that
 its third quarter of 2001 revenue had declined from the third quarter of 1999,
 and that it would miss securities analysts' earnings estimates by 66%.  In
 response to this announcement, Sensormatic's stock price dropped by 31% in one
 day to $13 per share on heavy trading volume.  Prior to the disclosure of the
 true facts about Sensormatic's business, certain Sensormatic insiders sold a
 total of over $5.5 million of their personally held Sensormatic stock.
     If you bought the securities of Sensormatic between January 12, 2001 and
 April 9, 2001, inclusive, you may, no later than June 19, 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
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03882792
 
 SOURCE  Cauley Geller Bowman & Coates, LLP