Securities Action Filed By Scott + Scott, LLC In The Northern District of California; Firm names Mercury Interactive Corp as Defendant And Other Individual Defendants
San Diego, California … Scott + Scott LLC announced today it has filed a securities class action complaint against Mercury Interactive Corp. (NASDAQ: MERQE). This class action for securities fraud was brought against Mercury Interactive Corporation (“MercInteractive”) and other individual defendants. The case was brought on behalf of all shareholders who purchased or acquired Mercury Interactive securities from December 1, 2004 until July 5, 2005. This case is also brought on behalf of those purchasing notes convertible to shares of Company stock, pursuant to the Company’s 0 Coupon Senior Convertible Notes (due 2008 offering).
Any shareholder who desires to act as lead plaintiff must move the Court no later than 60 days from today. If you would like information about Scott + Scott’s complaint and a copy of it — or would like to discuss this action with an attorney, please contact attorney Neil Rothstein at [email protected] (800/332-2259 or cell 619/251-0887). Attorney Amy K. Saba can also be reached at [email protected] (800/332-2259, ext 26). Any member of the purported Class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class members.
MercInteractive, an enterprise software company, provides software and services to the business technology optimization (BTO) marketplace. Its BTO offerings, known as Mercury Optimization Centers, consist of integrated software, services, and practices that enable companies to use a center of approach to govern the priorities, processes, and people of information technology (IT); deliver and manage applications; and integrate IT strategy and execution. MercInteractive offers products and services in three product lines: IT governance, application delivery, and application management. The company’s IT governance offerings are used to prioritize and automate IT business processes from demand through production. Its application delivery offerings enable customers to optimize custom-built and prepackaged software applications before they go into production MercInteractive.’s application management offerings enable customers optimize business availability and problem resolution, as well as to proactively manage and automate the repair of production problems. In addition, the company provides a range of professional and educational services, as well as customer support offerings that enable partners and customers to implement, customize, manage, and extend its BTO offerings. MercInteractive offers its products and services primarily through its direct sales organization, as well as through inside corporate sales professionals worldwide. The company has strategic alliances principally with Oracle, SAP AG, Siebel Systems, and Accentor. Mercury Interactive Corporation was founded in 1989 and is headquartered in Mountain View, California.
As late as April 28, 2005, Defendants increased their previous 2005 annual guidance, serving to affirm prior statements that the company was continuing in a positive direction. Unbeknownst to investors, it is alleged that Defendants concealed auditing expenses during the class period.
Scott + Scott, LLC litigates cases throughout the nation on behalf of citizens of every continent. The firm dedicates itself to client communication and satisfaction and is currently litigating major securities, antitrust and employee retirement plan actions throughout the United States. The firm represents pension funds, charities, foundations, individuals and other entities worldwide. Please visit the Scott + Scott website to learn more about the firm, its practice and other cases at www.scott-scott.com.