Shareholder Class Action Filed Against Accelerated Networks, Inc. By the Law Firm of Schiffrin & Barroway, LLP

Apr 30, 2001, 01:00 ET from Schiffrin & Barroway, LLP

    BALA CYNWYD, Pa., April 30 /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 Central District of California on behalf of all
 purchasers of the common stock of Accelerated Networks, Inc. (Nasdaq: ACCLE)
 from June 22, 2000 through April 17, 2001, 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 Stuart L. Berman,
 Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
 info@sbclasslaw.com.
     The complaint charges Accelerated Networks and certain of its officers and
 directors with issuing false and misleading statements concerning its business
 and financial condition.  On April 17, 2001, Accelerated Networks announced
 that it will likely restate its Fiscal Year 2000 financial statements as a
 result of accounting misstatements.  Upon hearing this news, trading in
 Accelerated Networks was halted at $1.18 per share, more than 98% below its
 Class Period high of $67.50.
     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, or to sign up to
 participate in this action online, please visit www.sbclasslaw.com.
     If you are a member of the class described above, you may, not later than
 June 18, 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.
                Stuart L. Berman, 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 info@sbclasslaw.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X53157678
 
 

SOURCE Schiffrin & Barroway, LLP
    BALA CYNWYD, Pa., April 30 /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 Central District of California on behalf of all
 purchasers of the common stock of Accelerated Networks, Inc. (Nasdaq: ACCLE)
 from June 22, 2000 through April 17, 2001, 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 Stuart L. Berman,
 Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
 info@sbclasslaw.com.
     The complaint charges Accelerated Networks and certain of its officers and
 directors with issuing false and misleading statements concerning its business
 and financial condition.  On April 17, 2001, Accelerated Networks announced
 that it will likely restate its Fiscal Year 2000 financial statements as a
 result of accounting misstatements.  Upon hearing this news, trading in
 Accelerated Networks was halted at $1.18 per share, more than 98% below its
 Class Period high of $67.50.
     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, or to sign up to
 participate in this action online, please visit www.sbclasslaw.com.
     If you are a member of the class described above, you may, not later than
 June 18, 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.
                Stuart L. Berman, 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 info@sbclasslaw.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X53157678
 
 SOURCE  Schiffrin & Barroway, LLP