CAR_Public/010810.mbx               C L A S S   A C T I O N   R E P O R T E R

               Friday, August 10, 2001, Vol. 3, No. 156
                             
                            Headlines


AKAMAI TECHNOLOGIES: Milberg Weiss Files Securities Suit
BROCADE COMMUNICATION: Stull Stull Says Reports Back Allegations
CHRONIMED INC: Pomerantz Haudek Begins Securities Suit
DIGITAL RIVER: Milberg Weiss Files Securities Suit in S.D. NY
DIGITAL RIVER: Cauley Geller Initiates Suit in S.D. NY

DURATEK INC: Pomerantz Haudek Files Securities Suit
F5 NETWORKS: Wolf Haldenstein Files Complaint in S.D. NY
GOTO.COM INC: Lovell, Sirota File Shareholder Suit in S.D. NY
INTERNAP NETWORK: Milberg Weiss Files Securities Complaint
MEDIAPLEX INC: Wolf Haldenstein Files Complaint in S.D. NY

MICROTUNE INC: Wold Haldenstein Files S.D. NY Securities Suit
MORGAN STANLEY: Wolf Haldenstein Files S.D. NY Securities Suit
NEXT LEVEL: Milberg Weiss Starts Securities Suit
NUANCE COMMUNICATIONS: Wolf Haldenstein Files Suit in S.D. NY
PORTAL SOFTWARE: Wolf Haldenstein Files Suit in S.D. NY

PSS WORLD: Cauley Geller Starts Securities Lawsuit in S.D. NY
QWEST COMMUNICATIONS: Cauley Geller Starts Suit in Colorado
REDBACK NETWORKS: Milberg Weiss Commences Securities Suit
STARMEDIA NETWORK: Wolf Haldenstein Files Suit in S.D. NY
THEGLOBE.COM INC: Bernstein Liebhard Files Securities Suit  
WAL-MART STORES: Lieff Cabraser Files Wage-Related Suit in NY
WEBMD CORP: Weiss & Yourman File Securities Suit in S.D. NY


                            *******


AKAMAI TECHNOLOGIES: Milberg Weiss Files Securities Suit
--------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP (www.milberg.com) has
filed a class action complaint on behalf of purchasers of the
securities of Akamai Technologies, Inc. (NASDAQ: AKAM - news)
from October 28, 1999 to December 6, 2000.  Investors may sign up
online at www.milberg.com/akamai/.
          
For more information, contact Steven G. Schulman or Samuel H.
Rudman of Milberg Weiss Bershad Hynes & Lerach LLP, One
Pennsylvania Plaza, 49th Floor, New York, NY 10119-0165, Phone
number: (800) 320-5081, Email: endfraud@milbergNY.com.


BROCADE COMMUNICATION: Stull Stull Says Reports Back Allegations
----------------------------------------------------------------
Stull, Stull & Brody announced allegations in cases its firm has
filed are supported by recent articles that have appeared in The
New York Times and The Wall Street Journal about investigations
by the United States Justice Department and the Securities
Exchange Commission into the manipulation of IPOs.

Among the underwriters named as defendants are:

     * Credit Suisse First Boston Corp.
     * The Goldman Sachs Group, Inc.
     * Lehman Brothers, Inc.
     * Merrill Lynch, Pierce, Fenner & Smith, Inc.
     * Morgan Stanley Dean Witter & Co.
     * BancBoston Robertson, Stephens, Inc. , and
     * Salomon Smith Barney, Inc.

The lawsuits allege that defendants violated the federal
securities laws by issuing and selling common stock pursuant to
the IPOs without disclosing to investors that some of the
underwriters in the offering, including the lead underwriters,
had solicited and received excessive and undisclosed commissions
from certain investors.

Specifically, the complaints allege that in exchange for the
excessive commissions, defendants allocated shares to customers
at the IPO price. To receive the allocations (i.e., the ability
to purchase shares) at the IPO price, the underwriters' brokerage
customers had to agree to purchase additional shares in the
aftermarket at progressively higher prices. The requirement that
customers make additional purchases at progressively higher
prices as the price of IPO stock rocketed upward (a practice
known on Wall Street as laddering) was intended to (and did)
drive the share price up to artificially high levels. This
artificial price inflation enabled both the underwriters and
their customers to reap enormous profits by buying stock at the
IPO price and then selling it later for a profit at inflated
aftermarket prices.

Among the stocks alleged to have been manipulated:

     * Chinadotcom Corporation (NASDAQ: CHINA - news) for the
class period between July 12, 1999 and June 28, 2001, inclusive;

     * StarMedia Network, Inc. (NASDAQ: STRM - news) for the
class period between May 25, 1999 and December 6, 2000,
inclusive;

     * Brocade Communication Systems, Inc. (NASDAQ: BRCD - news)
for the class period between May 24, 1999 and July 17, 2001,
inclusive; and

     * Agency.com, Ltd. (NASDAQ: ACOM - news) for the class
period between December 8, 1999 and June 28, 2001, inclusive.

Persons who purchased any of the above securities during the
class period may request court appointment as lead plaintiff.  
For more information, contact Tzivia Brody, Esq. at Stull, Stull
& Brody by calling toll-free 1-800-337-4983, or by e-mail at
SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull,
Stull & Brody, 6 East 45th Street, New York, NY 10017.


CHRONIMED INC: Pomerantz Haudek Begins Securities Suit
------------------------------------------------------
Pomerantz Haudek Block Grossman & Gross LLP
(www.pomerantzlaw.com) is investigating a class action suit on
behalf of purchasers of the securities of Chronimed Inc. (Nasdaq:
CHMDE) from October 27, 1999 to June 13, 2001.

For more information, 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.


DIGITAL RIVER: Milberg Weiss Files Securities Suit in S.D. NY
-------------------------------------------------------------
The law firm of Milberg Weiss Bershad Hynes & Lerach LLP filed a
class action lawsuit on August 8, 2001 on behalf of purchasers of
the securities of Digital River, Inc. (NASDAQ: DRIV) between
August 11, 1998 and December 6, 2000, inclusive.

A copy of the complaint filed in this action is available from
the Court, or can be viewed on Milberg Weiss' website at:
http://www.milberg.com/digitalriver/

The action is pending in the United States District Court,
Southern District of New York, located at 500 Pearl Street, New
York, NY against the following defendants:

     * Digital River
     * Fleetboston Robertson Stephens
     * Bear Stearns & Co., Inc.
     * Credit Suisse First Boston Corporation
     * Joel A. Ronning, and
     * Robert E. Strawman.

Robertson Stephens, Bear Stearns and Credit Suisse are referred
to herein as the Underwriter Defendants.

On or about August 11, 1998, Digital River commenced an initial
public offering of 3,000,000 of its shares of common stock at an
offering price of $8.50 per share. In connection therewith,
Digital River filed a registration statement, which incorporated
a prospectus, with the SEC. The complaint further alleges that
the Prospectus was materially false and misleading because it
failed to disclose, among other things, that:

     (i) The Underwriter Defendants had solicited and received
excessive and undisclosed commissions from certain investors in
exchange for which the Underwriter Defendants allocated to those
investors material portions of the restricted number of Digital
River shares issued in connection with the Digital River IPO; and

     (ii) the Underwriter Defendants had entered into agreements
with customers whereby The Underwriter Defendants agreed to
allocate Digital River shares to those customers in the Digital
River IPO in exchange for which the customers agreed to purchase
additional Digital River shares in the aftermarket at pre-
determined prices.

Persons who bought the securities of Digital River between August
11, 1998 and December 6, 2000 may, no later than October 8, 2001,
request court appointment as lead plaintiff. For more information
about this action, contact Steven G. Schulman or Samuel H. Rudman
of Milberg Weiss Bershad Hynes & Lerach LLP, One Pennsylvania
Plaza, 49th fl. New York, NY, 10119-0165, Phone number: (800)
320-5081, Email: digitalrivercase@milbergny.com, Website:
http://www.milberg.com.


DIGITAL RIVER: Cauley Geller Initiates Suit in S.D. NY
------------------------------------------------------
The Law Firm of Cauley Geller Bowman & Coates, LLP announced
today a class action has been filed in the United States District
Court for the Southern District of New York on behalf of
purchasers of Digital River, Inc. (Nasdaq: DRIV) securities
during the period between August 11, 1998 and December 6, 2000,
inclusive. A copy of the complaint filed in this action is
available from the Court, or can be viewed on the firm's website
at http://www.classlawyer.com/pr/digital_river.pdf.

The complaint charges defendants

     * Digital River
     * FleetBoston Robertson Stephens
     * Bear Stearns & Co., Inc.
     * Credit Suisse First Boston Corporation
     * Joel A. Ronning, and
     * Robert E. Strawman

with violations of Sections 11, 12(a) (2) and 15 of the
Securities Act of 1933 and Section 10(b) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

On or about August 11, 1998, Digital River commenced an initial
public offering of 3 million of its shares of common stock at an
offering price of $8.50 per share. In connection therewith,
Digital River filed a registration statement, which incorporated
a prospectus, with the SEC. The complaint further alleges that
the Prospectus was materially false and misleading because it
failed to disclose, among other things, that

     (i) the Underwriter Defendants (Robertson Stephens, Bear
Stearns and Credit Suisse) had solicited and received excessive
and undisclosed commissions from certain investors in exchange
for which the Underwriter Defendants allocated to those investors
material portions of the restricted number of Digital River
shares issued in connection with the Digital River IPO; and

     (ii) the Underwriter Defendants had entered into agreements
with customers whereby the Underwriter Defendants agreed to
allocate Digital River shares to those customers in the Digital
River IPO in exchange for which the customers agreed to purchase
additional Digital River shares in the aftermarket at pre-
determined prices.

Buyers of the securities of Digital River between August 11, 1998
and December 6, 2000, inclusive, may, no later than October 8,
2001 request court appointment as lead plaintiff.  Members of
this class can join this class action online at
http://www.classlawyer.com/sign_up.html. For more information,  
contact Jackie Addison, Sue Null or Charlie Gastineau of the
Client Relations Department of Cauley Geller Bowman & Coates,
LLP, P.O. Box 25438, Little Rock, AR 72221-5438, Toll Free: 1-
888-551-9944, E-mail: info@classlawyer.com, or visit the firm's
website at www.classlawyer.com.


DURATEK INC: Pomerantz Haudek Files Securities Suit
---------------------------------------------------
Pomerantz Haudek Block Grossman & Gross LLP
(www.pomerantzlaw.com) is investigating a class action suit on
behalf of purchasers of the securities of Duratek, Inc. (Nasdaq:
DRTK) from March 9, 2000 to March 13, 2001.  
                                      
For more information about this action, 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.


F5 NETWORKS: Wolf Haldenstein Files Complaint in S.D. NY
--------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP has filed a class
action lawsuit in the United States District Court for the
Southern District of New York, on behalf of purchasers of F5
Networks, Inc. (Nasdaq: FFIV) securities between June 4, 1999 and
December 6, 2000, inclusive, against defendants F5, certain of
its officers and directors, and its underwriters.

The case name and index number are Atlas v. F5 et al. [01 CIV
7342]. A copy of the complaint filed in this action is available
from the Court, or can be viewed on the Wolf Haldenstein Adler
Freeman & Herz LLP website at http://www.whafh.com.

The complaint alleges that defendants violated the federal
securities laws by issuing and selling F5 common stock pursuant
to the June 4, 1999 IPO without disclosing to investors that some
of the underwriters in the offering, including the lead
underwriters, had solicited and received excessive and
undisclosed commissions from certain investors.

Specifically, the complaint alleges that in exchange for the
excessive commissions, defendants allocated F5 shares to
customers at the IPO price. To receive the allocations (i.e., the
ability to purchase shares) at the IPO price, the underwriters'
brokerage customers had to agree to purchase additional shares in
the aftermarket at progressively higher prices. The requirement
that customers make additional purchases at progressively higher
prices as the price of F5 stock rocketed upward (a practice known
on Wall Street as "laddering") was intended to (and did) drive
F5's share price up to artificially high levels. This artificial
price inflation enabled both the underwriters and their customers
to reap enormous profits by buying stock at the IPO price and
then selling it later for a profit at inflated aftermarket
prices.

Persons who purchased F5 securities during the class period may
request court appointment as lead plaintiff by October 1, 2001.  
For more information, contact Fred Taylor Isquith, Esq., Gregory
Nespole, Esq., Thomas Burt, Esq., Gustavo Bruckner, Esq., Michael
Miske, or George Peters of Wolf Haldenstein Adler Freeman & Herz
LLP at 270 Madison Avenue, New York, New York 10016, by telephone
at (800) 575-0735, via e-mail at classmember@whafh.com or visit
the website at http://www.whafh.com.E-mail should refer to F5.  


GOTO.COM INC: Lovell, Sirota File Shareholder Suit in S.D. NY
-------------------------------------------------------------
The law firms of Lovell & Stewart, LLP and Sirota & Sirota, LLP
filed a class action lawsuit on August 8, 2001 on behalf of all
persons and entities who purchased, converted, exchanged or
otherwise acquired the common stock of GoTo.com, Inc.
(NasdaqNM:GOTO) between June 18, 1999 and December 21, 2001,
inclusive.

The lawsuit asserts claims under Section 11, 12 and 15 of the
Securities Act of 1933 and Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the
SEC thereunder and seeks to recover damages. Any member of the
class may move the Court to be named lead plaintiff. Persons who
wish to serve as lead plaintiff must move the Court no later than
September 10, 2001.

The action, Kassin v. GoTo.com, Inc., is pending in the U.S.
District Court for the Southern District of New York (500 Pearl
Street, New York, New York), Docket No. 01-CV-7314 (SAS) and has
been assigned to the Hon. Shira A. Scheindlin, U.S. District
Judge. The complaint alleges that GoTo.com, Inc. and certain of
its officers and directors at the time of its IPO violated the
federal securities laws by issuing and selling GoTo.com common
stock pursuant to the initial public offering without disclosing
to investors that at least one of the lead underwriters and four
of the other underwriters of the IPO had solicited and received
excessive and undisclosed commissions from certain investors.

In exchange for the excessive commissions, the complaint alleges,
lead underwriter Salomon Smith Barney, Inc. and underwriters
FleetBoston Robertson Stephens, Inc., Credit Suisse First Boston
Corp., Lehman Brothers, Inc. and Merrill Lynch, Pierce, Fenner &
Smith, Inc. allocated GoTo.com shares to customers at the IPO
price of $15.00 per share. To receive the allocations (i.e., the
ability to purchase shares) at $15.00, the defendant
underwriters' brokerage customers had to agree to purchase
additional shares in the aftermarket at progressively higher
prices.

The requirement that customers make additional purchases at
progressively higher prices as the price of GoTo.com stock
rocketed upward (a practice known on Wall Street as "laddering")
was intended to (and did) drive GoTo.com's share price up to
artificially high levels. This artificial price inflation, the
complaint alleges, enabled both the defendant underwriters and
their customers to reap enormous profits by buying GoTo.com stock
at the $15.00 IPO price and then selling it later for a profit at
inflated aftermarket prices, which rose to an intraday high of
$69.98 by July 6, 1999.

Rather than allowing their customers to keep their profits from
the IPO, the complaint alleges, the defendant underwriters
required their customers to "kick back" some of their profits in
the form of secret commissions. These secret commission payments
were sometimes calculated after the fact based on how much profit
each investor had made from his or her IPO stock allocation.

The complaint further alleges that defendants violated the
Securities Act of 1933 because the Prospectus distributed to
investors and the Registration Statement filed with the SEC in
order to gain regulatory approval for the GoTo.com offering
contained material misstatements regarding the commissions that
the underwriters would derive from the IPO and failed to disclose
the additional commissions and "laddering" scheme discussed
above.

Investors who acquired GoTo.com common stock during the period
June 18, 1999 through December 21, 2001 inclusive may contact
Christopher Lovell, Victor E. Stewart or Christopher J. Gray of
Lovell & Stewart, LLP, 212/608-1900, 500 Fifth Avenue, New York,
New York 10110, sklovell@aol.com, visit the website at  
www.lovellstewart.com, or contact Howard B. Sirota or Saul Roffe
of Sirota & Sirota, LLP, 212/425-9055, 110 Wall Street, New York,
New York 10005, info@sirotalaw.com or visit the website at
www.sirotalaw.com.



INTERNAP NETWORK: Milberg Weiss Files Securities Complaint
----------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP (www.milberg.com) has
filed a class action complaint on behalf of purchasers of the
securities of Internap Network Services Corporation (NASDAQ: INAP
- news) from September 29, 1999 to December 6, 2000.  Investors
may sign up online at www.milberg.com/internap/.

For more information, contact Steven G. Schulman or Samuel H.
Rudman of Milberg Weiss Bershad Hynes & Lerach LLP, One
Pennsylvania Plaza, 49th Floor, New York, NY 10119-0165, Phone
number: (800) 320-5081, Email: endfraud@milbergNY.com.


MEDIAPLEX INC: Wolf Haldenstein Files Complaint in S.D. NY
----------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action
lawsuit in the United States District Court for the Southern
District of New York, on behalf of purchasers of Mediaplex, Inc.
(Nasdaq: MPLX - news) securities between November 19, 1999 and
December 6, 2000, inclusive, against defendants Mediaplex,
certain of its officers and directors, and its underwriters.

The case name and index number are Atlas v. Mediaplex et al. [01
CIV 7340]. A copy of the complaint filed in this action is
available from the Court, or can be viewed on the Wolf
Haldenstein Adler Freeman & Herz LLP website at
http://www.whafh.com.

The complaint alleges defendants violated the federal securities
laws by issuing and selling Mediaplex common stock pursuant to
the November 19, 1999 IPO without disclosing to investors that
some of the underwriters in the offering, including the lead
underwriters, had solicited and received excessive and
undisclosed commissions from certain investors.

Specifically, the complaint alleges that in exchange for the
excessive commissions, defendants allocated Mediaplex shares to
customers at the IPO price. To receive the allocations (i.e., the
ability to purchase shares) at the IPO price, the underwriters'
brokerage customers had to agree to purchase additional shares in
the aftermarket at progressively higher prices. The requirement
that customers make additional purchases at progressively higher
prices as the price of Mediaplex stock rocketed upward (a
practice known on Wall Street as "laddering") was intended to
(and did) drive Mediaplex's share price up to artificially high
levels. This artificial price inflation enabled both the
underwriters and their customers to reap enormous profits by
buying stock at the IPO price and then selling it later for a
profit at inflated aftermarket prices.

Purchasers of Mediaplex securities during the class period may
request court appointment as lead plaintiff by September 24,
2001. For more information, contact Fred Taylor Isquith, Esq.,
Gregory Nespole, Esq., Thomas Burt, Esq., Gustavo Bruckner, Esq.,
Michael Miske, or George Peters of Wolf Haldenstein Adler Freeman
& Herz LLP at 270 Madison Avenue, New York, New York 10016, by
telephone at (800) 575-0735, via e-mail at classmember@whafh.com
or visit the website at http://www.whafh.com.E-mail should refer  
to Mediaplex.


MICROTUNE INC: Wold Haldenstein Files S.D. NY Securities Suit
-------------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action
lawsuit in the United States District Court for the Southern
District of New York, on behalf of purchasers of Microtune, Inc.
(Nasdaq: TUNE - news) securities between August 4, 2000 and
December 6, 2000, inclusive, against defendants Microtune,
certain of its officers and directors, and its underwriters.

The case name and index number are Atlas v. Microtune et al. [01
CIV 7338]. A copy of the complaint filed in this action is
available from the Court, or can be viewed on the Wolf
Haldenstein Adler Freeman & Herz LLP website at
http://www.whafh.com.

The complaint alleges defendants violated the federal securities
laws by issuing and selling Microtune common stock pursuant to
the August 4, 2000 IPO without disclosing to investors that some
of the underwriters in the offering, including the lead
underwriters, had solicited and received excessive and
undisclosed commissions from certain investors.

Specifically, the complaint alleges that in exchange for the
excessive commissions, defendants allocated Microtune shares to
customers at the IPO price. To receive the allocations (i.e., the
ability to purchase shares) at the IPO price, the underwriters'
brokerage customers had to agree to purchase additional shares in
the aftermarket at progressively higher prices. The requirement
that customers make additional purchases at progressively higher
prices as the price of Microtune stock rocketed upward (a
practice known on Wall Street as "laddering") was intended to
(and did) drive Microtune's share price up to artificially high
levels. This artificial price inflation enabled both the
underwriters and their customers to reap enormous profits by
buying stock at the IPO price and then selling it later for a
profit at inflated aftermarket prices.

Persons who purchased Microtune securities during the class
period may request court appointment as lead plaintiff by
September 24, 2001.   For more information on this action,
contact Fred Taylor Isquith, Esq., Gregory Nespole, Esq., Thomas
Burt, Esq., Gustavo Bruckner, Esq., Michael Miske, or George
Peters of Wolf Haldenstein Adler Freeman & Herz LLP at 270
Madison Avenue, New York, New York 10016, by telephone at (800)
575-0735 via e-mail at classmember@whafh.com or visit the website
at http://www.whafh.com.E-mail should refer to Microtune.  


MORGAN STANLEY: Wolf Haldenstein Files S.D. NY Securities Suit
--------------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP has filed a class
action lawsuit in the United States District Court for the
Southern District of New York, on behalf of purchasers of America
Online/AOL Time Warner (Nasdaq: AOL) securities between August 6,
1998 and May 14, 2001, against investment banker Morgan Stanley
Dean Witter & Co. and its star analyst Mary Meeker.

The case name and index number are Lloyd v. Morgan Stanley Dean
Witter & Co. and Mary Meeker [01 CIV 7263]. A copy of the
complaint filed in this action is available from the Court, or
can be viewed on the Wolf Haldenstein Adler Freeman & Herz LLP
website at http://www.whafh.com.

The complaint alleges defendants violated the federal securities
laws by issuing materially false and misleading statements
designed to, and successful encouraging, individual investors,
including members of the Class, to purchase securities of AOL
based not on objective analyses, but rather on defendants' desire
to attract and retain AOL's investment banking business.
Furthermore, defendant Meeker's ratings, recommendations, and
positive comments regarding AOL during the Class Period were also
improperly influenced by her desire to increase her undisclosed
personal compensation, which depended in large part upon the
amount of investment banking business she generated for
defendants.

Specifically, Meeker's conflicts of interest remained undisclosed
as she issued "inflated" ratings and recommendations for AOL.
Meeker knew that the financial condition and future business
prospects of AOL did not support her positive comments and
recommendations, but she nevertheless issued positive reports
encouraging investors, including members of the Class, to
purchase shares of AOL even in the face of legitimate contrary
research entering the marketplace. Meeker knowingly issued
inflated ratings for the purpose of improperly benefiting herself
and Morgan Stanley.

Persons who purchased AOL securities during the class period may
request court appointment as lead plaintiff by October 8, 2001.  
For more information, contact Wolf Haldenstein Adler Freeman &
Herz LLP at 270 Madison Avenue, New York, New York 10016, by
telephone at (800) 575-0735 (Fred Taylor Isquith, Esq., Gregory
Nespole, Esq., Thomas Burt, Esq., Gustavo Bruckner, Esq., Michael
Miske, or George Peters), via e-mail at classmember@whafh.com or
visit our website at http://www.whafh.com.E-mail should refer to  
AOL-Analyst.


NEXT LEVEL: Milberg Weiss Starts Securities Suit
------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP (www.milberg.com) has
filed a class action complaint on behalf of purchasers of the
securities of Next Level Communications, Inc. (NASDAQ: NXTV -
news) from November 9, 1999 to December 6, 2000.  Investors may
sign up online at www.milberg.com/nextlevel/.
          
For more information, contact Steven G. Schulman or Samuel H.
Rudman of Milberg Weiss Bershad Hynes & Lerach LLP, One
Pennsylvania Plaza, 49th Floor, New York, NY 10119-0165, Phone
number: (800) 320-5081, Email: endfraud@milbergNY.com.


NUANCE COMMUNICATIONS: Wolf Haldenstein Files Suit in S.D. NY
-------------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action
lawsuit in the United States District Court for the Southern
District of New York, on behalf of purchasers of Nuance
Communications, Inc. (Nasdaq: NUAN) securities between April 12,
2000 and December 6, 2000, inclusive, against defendants Nuance,
certain of its officers and directors, and its underwriters.

The case name and index number are Atlas v. Nuance et al. [01 CIV
7344]. A copy of the complaint filed in this action is available
from the Court, or can be viewed on the Wolf Haldenstein Adler
Freeman & Herz LLP website at http://www.whafh.com.

The complaint alleges defendants violated the federal securities
laws by issuing and selling Nuance common stock pursuant to the
April 12, 2000 IPO without disclosing to investors that some of
the underwriters in the offering, including the lead
underwriters, had solicited and received excessive and
undisclosed commissions from certain investors.

Specifically, the complaint alleges that in exchange for the
excessive commissions, defendants allocated Nuance shares to
customers at the IPO price. To receive the allocations (i.e., the
ability to purchase shares) at the IPO price, the underwriters'
brokerage customers had to agree to purchase additional shares in
the aftermarket at progressively higher prices. The requirement
that customers make additional purchases at progressively higher
prices as the price of Nuance stock rocketed upward (a practice
known on Wall Street as "laddering") was intended to (and did)
drive Nuance's share price up to artificially high levels. This
artificial price inflation enabled both the underwriters and
their customers to reap enormous profits by buying stock at the
IPO price and then selling it later for a profit at inflated
aftermarket prices.

Persons who purchased Nuance securities during the class period
may request court appointment as lead plaintiff by October 8,
2001.   For more information on this case, contact Fred Taylor
Isquith, Esq., Gregory Nespole, Esq., Thomas Burt, Esq., Gustavo
Bruckner, Esq., Michael Miske, or George Peters of Wolf
Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New
York, New York 10016, by telephone at (800) 575-0735 via e-mail
at classmember@whafh.com or visit the website at
http://www.whafh.com.E-mail should refer to Nuance.  


PORTAL SOFTWARE: Wolf Haldenstein Files Suit in S.D. NY
-------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action
lawsuit in the United States District Court for the Southern
District of New York, on behalf of purchasers of Portal Software,
Inc. (Nasdaq: PRSF) securities between May 5, 1999 and December
6, 2000, inclusive, against defendants Portal, certain of its
officers and directors, and its underwriters.

The case name and index number are Toennesmann v. Portal et al.
[01 CIV 7339]. A copy of the complaint filed in this action is
available from the Court, or can be viewed on the Wolf
Haldenstein Adler Freeman & Herz LLP website at
http://www.whafh.com.

The complaint alleges defendants violated the federal securities
laws by issuing and selling Portal common stock pursuant to the
May 5, 1999 IPO without disclosing to investors that some of the
underwriters in the offering, including the lead underwriters,
had solicited and received excessive and undisclosed commissions
from certain investors.

Specifically, the complaint alleges that in exchange for the
excessive commissions, defendants allocated Portal shares to
customers at the IPO price. To receive the allocations (i.e., the
ability to purchase shares) at the IPO price, the underwriters'
brokerage customers had to agree to purchase additional shares in
the aftermarket at progressively higher prices. The requirement
that customers make additional purchases at progressively higher
prices as the price of Portal stock rocketed upward (a practice
known on Wall Street as "laddering") was intended to (and did)
drive Portal's share price up to artificially high levels. This
artificial price inflation enabled both the underwriters and
their customers to reap enormous profits by buying stock at the
IPO price and then selling it later for a profit at inflated
aftermarket prices.

Persons who purchased Portal securities during the class period
may request court appointment as lead plaintiff by September 7,
2001.  For more information, contact Fred Taylor Isquith, Esq.,
Gregory Nespole, Esq., Thomas Burt, Esq., Gustavo Bruckner, Esq.,
Michael Miske, or George Peters of Wolf Haldenstein Adler Freeman
& Herz LLP at 270 Madison Avenue, New York, New York 10016, by
telephone at +1-800-575-0735, via e-mail at classmember@whafh.com
or visit the website at http://www.whafh.com.E-mail should refer  
to Portal.


PSS WORLD: Cauley Geller Starts Securities Lawsuit in S.D. NY
-------------------------------------------------------------
The Law Firm of Cauley Geller Bowman & Coates, LLP filed a class
action in the United States District Court for the Middle
District of Florida on behalf of purchasers of PSS World Medical,
Inc. (Nasdaq: PSSI) publicly traded securities during the period
between October 26, 1999 and September 1, 2000, inclusive. A copy
of the complaint filed in this action is available from the
Court, or can be viewed on the firm's website at
http://www.classlawyer.com/pr/pss_world.pdf.

The complaint charges PSSI and certain of its officers and
directors with violating the federal securities laws by issuing a
series of material misrepresentations to the market during the
Class Period, thereby artificially inflating the price of PSSI
securities. Throughout the Class Period, defendants issued
multiple press releases and filed quarterly reports and an annual
report with the Securities and Exchange Commission which
materially overstated the Company's net income in violation of
Generally Accepted Accounting Principles. On June 22, 2000,
defendants issued a press release announcing PSSI's year end
results and the fact that it had entered into a definitive stock-
for-stock merger agreement with Fisher Scientific International,
Inc. The market reacted favorably to this announcement because of
the value of the exchange ratio of Fisher's shares. One of the
key terms of the merger, which was belatedly disclosed by the
Company, was that the Company had to report EBITDA of not less
than $23 million for the quarter in order for the merger to be
consummated. In an August 8, 2000 press release, defendants
announced that they were in compliance with this provision of the
merger agreement and that the merger was expected to proceed.

On September 1, 2000, the Company issued a press release
reporting that the merger agreement had been terminated. In
response to this announcement, the market reevaluated the true
value of PSSI's shares, which had been buoyed by the potential
exchange value of Fisher's stock during the Class Period, and,
accordingly, shares of PSSI's stock, which had closed at $6-3/8
prior to announcement of the merger termination, closed at $4-
13/16 on an inordinate volume of 5,730,200 shares upon
dissemination of the news. As the sell-off continued, the price
of the Company's stock settled into the range of approximately
$2-3/4 - $3-3/4.

While Fisher had abandoned the merger because of the results of
its own due diligence review of the Company's books and records,
the public only became aware of the truth on June 27, 2001. On
that date, PSSI filed its Form 10-K for the fiscal year ended
March 31, 2001 with the SEC and disclosed, for the first time,
the fact that the Company's internal controls over inventory,
accounts payable, sales, and accounts receivable were, at all
relevant times, materially deficient and the Company had
previously issued financial statements for the quarter ended June
30, 2000 which were materially misleading. As a result of these
problems, the Company would be forced to restate its previous
financial data, and would also cause the Company's EBITDA to be
reduced, below the threshold that would have allowed the merger
to be completed.

Persons who bought the publicly traded securities of PSSI between
October 26, 1999 and September 1, 2000, inclusive, may, no later
than September 11, 2001, request court appointment as lead
plaintiff. Members of this class can join this class action
online at http://www.classlawyer.com/sign_up.html.

For more information on this action, contact Jackie Addison, Sue
Null or Charlie Gastineau, Client Relations Department, Cauley
Geller Bowman & Coates, LLP, P.O. Box 25438, Little Rock, AR
72221-5438, Toll Free: 1-888-551-9944, E-mail:
info@classlawyer.com, www.classlawyer.com.


QWEST COMMUNICATIONS: Cauley Geller Starts Suit in Colorado
-----------------------------------------------------------
The Law Firm of Cauley Geller Bowman & Coates, LLP filed a class
action in the United States District Court for the District of
Colorado on behalf of purchasers of Qwest Communications
International Inc. (NYSE: Q) publicly traded securities during
the period between March 22, 2001 and July 23, 2001, inclusive. A
copy of the complaint filed in this action is available from the
Court, or can be viewed on the firm's website at
http://www.classlawyer.com/pr/qwest.pdf.

The complaint charges Qwest and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.
The complaint alleges that on March 22, 2001, defendants Joseph
Nacchio and Robin Szeliga appeared at a UBS Warburg hosted senior
management meeting where they falsely claimed that they would
legitimately achieve 1Q01 and FY01 EPS of $0.11 and $0.59,
respectively. On April 24, 2001, Qwest reported its financial
results for 1Q01, including revenue growth of 12% and EBITDA
growth of 16%. Subsequent to these statements, Qwest's stock
price increased, trading as high as $41.83 on April 30, 2001.

In fact, Qwest's 1Q01 results and its statements regarding those
results as well as the statements regarding the success of the
integration with U.S. West Inc. and the Company's strong expense
controls were materially false and misleading due to the
Company's improper valuation of KPNQwest in violation of
Generally Accepted Accounting Principles (as the value of its
investment in KPNQwest had already declined months earlier), and
due to the following undisclosed facts:

     (a) Qwest's 1Q01 earnings were better than expectations
primarily due to its change in the discount rate to calculate its
pension obligations, increasing Qwest's 1Q01 results by at least
$0.03;

     (b) Qwest's 1Q01 earnings were better than expectations due
to defendants' failure to properly "write-down" the value of
Qwest's holdings in KPNQwest, which was materially overstated as
a result;
   
     (c) Qwest's 1Q01 earnings were increased by $0.01-$0.02 due
to its aggressive use of capitalization to classify tens of
millions of dollars of interest and software development costs as
assets rather than expenses, which would contribute to decreased
earnings in future quarters;
  
     (d) there was no way Qwest's future earnings would be nearly
as strong as represented due in part to the accounting
manipulations defendants engaged in which would adversely affect
future results, as expenses were being deferred to future
quarters and years; and

     (e) Qwest's selling, general and administrative expenses
were only 22% of sales, not due to tight expense controls as
represented, but to improper classification of SG&A expenses as
cost of sales.

Subsequently, on July 20, 2001, Qwest admitted that its
classification of costs had been incorrect such that cost of
sales had been overstated and SG&A expenses had been understated.

As a result of defendants' issuance of alleged material and
misleading statements (including a false 1Q01 financial
statement), Qwest's stock traded as high as $41.83 per share. The
individual defendants took advantage of this inflation, selling
1,255,000 shares of their Qwest stock for proceeds of $49.5
million. Ultimately, on July 24, 2001, Qwest conceded that it
recorded a write-down of over $3.1 billion, primarily related to
its ownership in KPNQwest. Upon this admission/revelation,
Qwest's shares dropped once again, trading below $27.

Persons who bought the publicly traded securities of Qwest
between March 22, 2001 and July 23, 2001, inclusive, no later
than September 25, 2001, request court appointment as lead
plaintiff. Members of this class can join this class action
online at http://www.classlawyer.com/sign_up.html.

For more information, contact Jackie Addison, Sue Null or Charlie
Gastineau of the Client Relations Department of Cauley Geller
Bowman & Coates, LLP, P.O. Box 25438, Little Rock, AR 72221-5438,
Toll Free: 1-888-551-9944, E-mail: info@classlawyer.com.


REDBACK NETWORKS: Milberg Weiss Commences Securities Suit
---------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP (www.milberg.com) has
filed a class action complaint on behalf of purchasers of the
securities of Redback Networks, Inc. (NASDAQ: RBAK - news) from
May 17, 1999 to December 6, 2000.  Investors may sign up online
at www.milberg.com/redback/.
          
For more information, contact Steven G. Schulman or Samuel H.
Rudman of Milberg Weiss Bershad Hynes & Lerach LLP, One
Pennsylvania Plaza, 49th Floor, New York, NY 10119-0165, Phone
number: (800) 320-5081, Email: endfraud@milbergNY.com.


STARMEDIA NETWORK: Wolf Haldenstein Files Suit in S.D. NY
---------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action
lawsuit in the United States District Court for the Southern
District of New York, on behalf of purchasers of StarMedia
Network, Inc. (Nasdaq: STRM) securities between May 25, 1999 and
December 6, 2000, inclusive, against defendants StarMedia,
certain of its officers and directors, and its underwriters.

The case name and index number are Arneson v. StarMedia et al.
[01 CIV 7341]. A copy of the complaint filed in this action is
available from the Court, or can be viewed on the Wolf
Haldenstein Adler Freeman & Herz LLP website at www.whafh.com.

The complaint alleges defendants violated the federal securities
laws by issuing and selling StarMedia common stock pursuant to
the May 25, 1999 IPO without disclosing to investors that some of
the underwriters in the offering, including the lead
underwriters, had solicited and received excessive and
undisclosed commissions from certain investors.

Specifically, the complaint alleges that in exchange for the
excessive commissions, defendants allocated StarMedia shares to
customers at the IPO price. To receive the allocations (i.e., the
ability to purchase shares) at the IPO price, the underwriters'
brokerage customers had to agree to purchase additional shares in
the aftermarket at progressively higher prices. The requirement
that customers make additional purchases at progressively higher
prices as the price of StarMedia stock rocketed upward (a
practice known on Wall Street as "laddering") was intended to
(and did) drive StarMedia's share price up to artificially high
levels. This artificial price inflation enabled both the
underwriters and their customers to reap enormous profits by
buying stock at the IPO price and then selling it later for a
profit at inflated aftermarket prices.

Persons who purchased StarMedia securities during the class
period may request court appointment as lead plaintiff by
September 24, 2001.  For more information on this action, contact
Fred Taylor Isquith, Esq., Gregory Nespole, Esq., Thomas Burt,
Esq., Gustavo Bruckner, Esq., Michael Miske, or George Peters of
Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue,
New York, New York 10016, by telephone at (800) 575-0735, via e-
mail at classmember@whafh.com or visit the website at
http://www.whafh.com.E-mail should refer to StarMedia.  


THEGLOBE.COM INC: Bernstein Liebhard Files Securities Suit  
-----------------------------------------------------------
A securities class action lawsuit was commenced on behalf all
persons who acquired TheGlobe.com, Inc. (OTC BB: TGLO) securities
between November 12, 1998 and December 6, 2000. A copy of the
complaint is available from the Court or from Bernstein Liebhard
& Lifshitz, LLP at www.bernlieb.com.

The case is pending in the United States District Court for the
Southern District of New York located at 500 Pearl Street, New
York, New York 10004. Named as defendants in the complaint are:

     * TheGlobe.com
     * Michael Egan
     * Todd Krizelman
     * Stephan Paternot
     * Frank Joyce
     * Bear, Stearns & Co., Inc.

Bear Stearns is one of the lead underwriters of TheGlobe.com's
initial public offering.

The complaint charges defendants with violations of the
Securities Act of 1933 and the Securities Exchange Act of 1934
for issuing a Registration Statement and Prospectus that
contained materially false and misleading information and failed
to disclose material information. The Prospectus was issued in
connection with TheGlobe.com's initial public offering of 5.9
million shares of common stock at $17.00 per share that was
commenced on or about December 13, 1999.

The complaint alleges that the Prospectus was false and
misleading because it failed to disclose:

     (i) Bear Stearns' agreement with certain investors to
provide them with significant amounts of TheGlobe.com shares in
the IPO in exchange for exorbitant and undisclosed commissions;
and

     (ii) the agreement between Bear Stearns and certain of its
customers whereby BearStearns would allocate shares in the IPO to
those customers in exchange for the customers' agreement to
purchase TheGlobe.com shares in the after-market at pre-
determined prices.

The Securities and Exchange Commission and the U.S. Attorneys'
Office are investigating underwriting practices in connection
with numerous initial public offerings that were completed in
1999 and 2000.

Persons who seek court appointment as lead plaintiff must meet
certain requirements set forth in the applicable law and file
appropriate papers no later than October 2, 2001.

For more information, contact Ms. Linda Flood, Director of
Shareholder Relations, at Bernstein Liebhard & Lifshitz, LLP, 10
East 40th Street, New York, New York 10016, (800) 217-1522 or
212-779-1414 or by e-mail at TGLO@bernlieb.com.
or contact us at (800)217-1522 or by email at TGLO@bernlieb.com.


WAL-MART STORES: Lieff Cabraser Files Wage-Related Suit in NY
-------------------------------------------------------------
A class-action lawsuit was filed against Wal-Mart Stores Inc.
(NYSE: WMT) in a New York State court on Thursday, August 9. The
report by Reuters says lawyers for the plaintiffs announced the
suit charges the Bentonville, Arkansas-based retailer with unfair
labor practices, including forcing employees to work off- the-
clock.

A spokesman for Lieff, Cabraser, Heimann & Bernstein told Reuters
the suit is similar to cases against Wal-Mart pending in 11 other
states.  A statement by the law firm said Wal-Mart is engaged in
a "pattern and practice of deceptively underpaying employees"
who were reportedly "locked in" the stores after they had
clocked out.  The statement said the employees were made to
continue working until they finished assigned tasks.

The suit charges the retailer denied pay for time worked off-the-
clock and overtime.  Employees were also reportedly denied meal
and rest breaks.   The press release said other allegations  
would be discussed at a Thursday morning news conference in New
York.


WEBMD CORP: Weiss & Yourman File Securities Suit in S.D. NY
-----------------------------------------------------------
A class action lawsuit against the lead underwriters of WebMD
Corp. (NASDAQ:HLTH) was commenced in the United States District
Court for the Southern District of New York on behalf of
investors who purchased WebMD securities between February 10,
1999 and December 6, 2000, inclusive.

The complaint charges defendants Goldman Sachs & Co. and Morgan
Stanley & Co., Incorporated with violations of Section 10(b) of
the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder. On or about February 10, 1999, WebMD commenced an
initial public offering of 5,000,000 of its shares of common
stock at an offering price of $8 per share. The complaint alleges
that the registration statement and prospectus filed in
connection with the IPO was materially false and misleading
because it failed to disclose, among other things, that:

     (i) defendants had solicited and received excessive and
undisclosed commissions from certain investors in exchange for
which defendants allocated to those investors material portions
of the restricted number of WebMD shares issued in connection
with the IPO; and

     (ii) defendants had entered into agreements with customers
whereby defendants agreed to allocate WebMD shares to those
customers in the IPO in exchange for which the customers agreed
to purchase additional WebMD shares in the aftermarket at pre-
determined prices.

Persons who purchased WebMD securities between February 10, 1999
and December 6, 2000 may move the Court no later than September
21, 2001 to serve as a lead plaintiff of the class.  To receive
an investor package or acquire more information on this action,
contact James E. Tullman, David C. Katz, and/or Mark D. Smilow,
(888) 593-4771 or (212) 682-3025, via Internet electronic mail at
info@wynyc.com or by writing Weiss & Yourman, The French
Building, 551 Fifth Avenue, Suite 1600, New York, New York 10176.




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S U B S C R I P T I O N   I N F O R M A T I O N

Class Action Reporter is a daily newsletter, co-published by
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Copyright 2001.  All rights reserved.  ISSN 1525-2272.

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