Brower Piven Informs Shareholders Who Have Losses in Excess of $100,000 From Investment in Integral Systems, Inc. That Only 19 D
January 28 2009 - 2:35PM
Marketwired
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the District of Maryland on behalf of purchasers of the
securities of Integral Systems, Inc. ("Integral Systems" or the
"Company") (NASDAQ: ISYS) during the period between April 28, 2008
and December 10, 2008, inclusive (the "Class Period").
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than February 16, 2009 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in the Company
during the Class Period. You may contact Brower Piven (through
hoffman@browerpiven.com or 410/986-0036) to answer any questions
you may have in that regard.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the Company's failure
to disclose during the Class Period that its financial results were
materially overstated and that financial statements were not
prepared in accordance with Generally Accepted Accounting
Principles. According to the complaint, on December 11, 2008, after
the Company revealed accounting errors for the first three quarters
of 2008, the value of Integral Systems' stock declined
significantly.
If you have suffered a net loss for all transactions in Integral
Systems, Inc. securities during the Class Period (including shares
or possibly calls purchased during, but retained after, the Class
Period or possibly put options sold but not covered until after the
Class Period), you may obtain additional information about this
lawsuit and your ability to become a lead plaintiff by contacting
Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower
Piven, A Professional Corporation, The World Trade
Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore,
Maryland 21202. Attorneys at Brower Piven have combined experience
litigating securities and class action cases of over 40 years. If
you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional
Corporation Baltimore, Maryland 410/986-0036 Email Contact
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