A class action lawsuit was filed in the U.S. District Court for the Central District of California on behalf of purchasers of CyberMedia, Inc. (NASDAQ: CYBR) common stock during the Class Period of July 22, 1997 through March 13, 1998.
The defendants include CyberMedia and certain of its officers and directors. The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things: issuing false misleading statements regarding CyberMedia's financial condition as well as its present and future business prospects and improperly accounting for its return reserves in violation of Generally Accepted Accounting Principles.

Update

This case has been settled. The Claims Administrator for this litigation is Berdon Claims Administration LLC. The deadline for filing your Proof of Claim Form was May 26, 2000 and the Net Settlement Fund was distributed on January 31, 2001. If you would like further information about the settlement please go to www.berdonclaims.com or call (800) 766-3330.
If you have any further questions, please feel free to contact us.