Ventro Sued for Securities Fraud According to Schiffrin & Barroway, LLP

Apr 04, 2001, 01:00 ET from Schiffrin & Barroway, LLP

    BALA CYNWYD, Pa., April 4 /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 Northern District of California on behalf of all
 purchasers of the common stock of Ventro Corporation (Nasdaq: VNTR) from
 February 15, 2000 through December 6, 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 Ventro and certain of its officers and directors
 with issuing false and misleading statements concerning the Company's business
 and financial condition.  The complaint alleges that defendants continued to
 make positive statements about Ventro's business and future revenues even
 though they knew that Ventro did not possess the technology to successfully
 compete as a marketplace.  When the truth about Ventro's business prospects
 reached the market, its common stock price declined to a level that was 99%
 below the Class Period high.
     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
 May 29, 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
 
 

SOURCE Schiffrin & Barroway, LLP
    BALA CYNWYD, Pa., April 4 /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 Northern District of California on behalf of all
 purchasers of the common stock of Ventro Corporation (Nasdaq: VNTR) from
 February 15, 2000 through December 6, 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 Ventro and certain of its officers and directors
 with issuing false and misleading statements concerning the Company's business
 and financial condition.  The complaint alleges that defendants continued to
 make positive statements about Ventro's business and future revenues even
 though they knew that Ventro did not possess the technology to successfully
 compete as a marketplace.  When the truth about Ventro's business prospects
 reached the market, its common stock price declined to a level that was 99%
 below the Class Period high.
     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
 May 29, 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
 
 SOURCE  Schiffrin & Barroway, LLP