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

Apr 26, 2001, 01:00 ET from Schiffrin & Barroway, LLP

    BALA CYNWYD, Pa., April 26 /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, located at
 500 Pearl Street, New York, NY 10007, on behalf of all purchasers of the
 common stock of Marimba, Inc. (Nasdaq:   MRBA) from April 30, 1999 through
 March 27, 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
 info@sbclasslaw.com.
     The complaint charges Marimba and certain of its officers and directors
 with issuing false and misleading statements concerning its business and
 financial condition.  On April 30, 1999, Marimba commenced an initial public
 offering of 4 million of its shares of common stock at an offering price of
 $20 per share (the "Marimba IPO").  Additionally, Marimba filed a registration
 statement, which incorporated a prospectus (the "Prospectus"), with the SEC.
 The complaint specifically alleges that the Prospectus was materially false
 and misleading because it failed to disclose, among other things, that: (i)
 Morgan Stanley, Credit Suisse and Bear Stearns had solicited and received
 excessive and undisclosed commissions from certain investors in exchange for
 which Morgan Stanley, Credit Suisse, and Bear Stearns allocated to those
 investors material portions of the restricted number of Marimba shares issued
 in connection with the Marimba IPO; and (ii) Morgan Stanley, Credit Suisse and
 Bear Stearns had entered into agreements with customers whereby Morgan
 Stanley, Credit Suisse and Bear Stearns agreed to allocate Marimba shares to
 those customers in the Marimba IPO in exchange for which the customers agreed
 to purchase additional Marimba shares in the aftermarket at pre-determined
 prices.  Furthermore, the SEC is investigating underwriting practices in
 connection with several other initial public offerings.
     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 25, 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 info@sbclasslaw.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X82237444
 
 

SOURCE Schiffrin & Barroway, LLP
    BALA CYNWYD, Pa., April 26 /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, located at
 500 Pearl Street, New York, NY 10007, on behalf of all purchasers of the
 common stock of Marimba, Inc. (Nasdaq:   MRBA) from April 30, 1999 through
 March 27, 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
 info@sbclasslaw.com.
     The complaint charges Marimba and certain of its officers and directors
 with issuing false and misleading statements concerning its business and
 financial condition.  On April 30, 1999, Marimba commenced an initial public
 offering of 4 million of its shares of common stock at an offering price of
 $20 per share (the "Marimba IPO").  Additionally, Marimba filed a registration
 statement, which incorporated a prospectus (the "Prospectus"), with the SEC.
 The complaint specifically alleges that the Prospectus was materially false
 and misleading because it failed to disclose, among other things, that: (i)
 Morgan Stanley, Credit Suisse and Bear Stearns had solicited and received
 excessive and undisclosed commissions from certain investors in exchange for
 which Morgan Stanley, Credit Suisse, and Bear Stearns allocated to those
 investors material portions of the restricted number of Marimba shares issued
 in connection with the Marimba IPO; and (ii) Morgan Stanley, Credit Suisse and
 Bear Stearns had entered into agreements with customers whereby Morgan
 Stanley, Credit Suisse and Bear Stearns agreed to allocate Marimba shares to
 those customers in the Marimba IPO in exchange for which the customers agreed
 to purchase additional Marimba shares in the aftermarket at pre-determined
 prices.  Furthermore, the SEC is investigating underwriting practices in
 connection with several other initial public offerings.
     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 25, 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 info@sbclasslaw.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X82237444
 
 SOURCE  Schiffrin & Barroway, LLP