To: John Ritter who wrote (28 ) 2/7/2000 6:20:00 PM From: Ken M Respond to of 48
(COMTEX) B: Milberg Weiss Announces Class Action Against Sykes Enterp B: Milberg Weiss Announces Class Action Against Sykes Enterprises, Inc. NEW YORK, Feb 7, 2000 (BUSINESS WIRE) -- The following was announced today by the law firm of Milberg Weiss Bershad Hynes & Lerach LLP: Notice is hereby given that a class action lawsuit was filed on February 2, 2000, in the United States District Court for the Middle District of Florida, Tampa Division, on behalf of all persons who purchased the common stock of Sykes Enterprises, Inc. ("Sykes" or the "Company") (Nasdaq: SYKE) between Oct. 25, 1999, and Jan. 31, 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, Milberg Weiss Bershad Hynes & Lerach ("Milberg Weiss"), in Boca Raton: Kenneth Vianale or Maya Saxena at 5355 Town Center Road, Suite 900, Boca Raton, Florida 33486, by telephone (561) 361-500, or in New York: Steven G. Schulman or Samuel H. Rudman at One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165, by telephone 1-800-320-5081 or via e-mail: endfraud@mwbhlny.com or visit our website at www.milberg.com. The complaint charges Sykes and certain of its senior officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's financial condition, revenues and earnings. The complaint further alleges that on February 1, 2000, the Company announced that it would be forced to delay the release of fourth quarter earnings because its audit was "incomplete." In response, the stock fell nearly 33% on unusually large trading volumes of over 11,000,000. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Milberg Weiss, and others. Milberg Weiss maintains offices in New York City, San Diego, Los Angeles, San Francisco and Boca Raton and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in numerous important actions on behalf of defrauded investors, and is responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For more information about Milberg Weiss, please visit our website at www.milberg.com. If you are a member of the class described above you may, not later than sixty days from Feb. 2 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. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP Boca Raton Office Kenneth Vianale/Maya Saxena 561/361-5000 New York Office Shareholders Services Dept. 800/320-5081 E-Mail: endfraud@mwbhlny.com TICKERS: NASDAQ:SYKE WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK FLORIDA INDUSTRY CODE: LEGAL/LAW CLASS ACTION LAWSUITS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. *** end of story ***