NEW YORK, July 9, 2003 (PRIMEZONE) -- A class action lawsuit was filed in the United States District Court for the Southern District of New York by Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) against Goldman Sachs & Co. (NYSE:GS) ("Goldman Sachs") and its Senior Technology Analyst Matthew Janiga ("Janiga") on behalf of shareholders who purchased the common stock of Exodus Communications, Inc. ("Exodus" or the "Company") during the period from July 1, 1999 through June 30, 2001, inclusive (the "Class Period"). Shareholders have until Friday July 18, 2003 to seek appointment by the Court as one of the lead plaintiffs in this action.
The Complaint alleges that defendants issued false and misleading analyst reports on Exodus in a bid to win or maintain lucrative banking and advisory work from the Company. As a result of defendants' false and misleading statements, the market price of Exodus common stock was artificially inflated, maintained or stabilized during the Class Period.
If you purchased the common stock of Exodus during the Class Period, you have until Friday, July 18, 2003 to ask the Court to appoint you as lead plaintiff for the Class. To serve as lead plaintiff, you must meet certain legal requirements. If you wish to review a copy of the Complaint, to discuss this action or have any questions, please contact Andrew G. Tolan, Esq. of the Pomerantz firm at 888-476-6529 (or (888) 4-POMLAW), toll free, or at agtolan@pomlaw.com by e-mail. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca