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

Apr 23, 2001, 01:00 ET from Schiffrin & Barroway, LLP

    BALA CYNWYD, Pa., April 23 /PRNewswire Interactive News Release/ -- 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 Northern District of California on behalf of all
 purchasers of the common stock of Versata, Inc. (Nasdaq:   VATA) from March 2,
 2000 through March 29, 2001, inclusive, including those who acquired their
 shares in connection with the Company's Initial Public Offering on March 2,
 2000 (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 Versata and certain of its officers and directors
 with issuing false and misleading information regarding its business and
 financial condition, reporting favorable but false financial results causing
 its stock to trade at artificially inflated levels.  Specifically, the
 complaint alleges that defendants announced on March 29, 2001, that its
 reported financial statements were under investigation, causing Versata's
 share to plummet 99% lower than its Class Period high of $100-15/16.
     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 10, 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/11690X21338115
 
 

SOURCE Schiffrin & Barroway, LLP
    BALA CYNWYD, Pa., April 23 /PRNewswire Interactive News Release/ -- 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 Northern District of California on behalf of all
 purchasers of the common stock of Versata, Inc. (Nasdaq:   VATA) from March 2,
 2000 through March 29, 2001, inclusive, including those who acquired their
 shares in connection with the Company's Initial Public Offering on March 2,
 2000 (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 Versata and certain of its officers and directors
 with issuing false and misleading information regarding its business and
 financial condition, reporting favorable but false financial results causing
 its stock to trade at artificially inflated levels.  Specifically, the
 complaint alleges that defendants announced on March 29, 2001, that its
 reported financial statements were under investigation, causing Versata's
 share to plummet 99% lower than its Class Period high of $100-15/16.
     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 10, 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/11690X21338115
 
 SOURCE  Schiffrin & Barroway, LLP