BMC Software Gets Slapped with Class Action Lawsuit

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BMC Software Gets Slapped with Class Action Lawsuit
M. Reed - March 1, 2000

Event Summary

The law firm of Milberg Weiss today announced that purchasers of BMC Software, Inc. (Nasdaq: BMCS) common stock during the period between July 29, 1999 and January 4, 2000 (the 'Class Period') can join the class action commenced in the United States District Court for the Southern District of Texas. The suit claims that BMC insiders made false statements about the strength of sales and integration of acquisitions, sold stock when BMC was trading at an all time high, then announced that third quarter FY00 earnings would be much worse than expected...

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