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Another Firm announces Class action suit.....

I have a feeling the Secureview money SEVU is claiming to be loading up on has the interest of a few law firms and shareholders alike.

Here is the newest suit:

http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:SEVU&Feed=PR&Date=20010614&....

Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against SeaView Video Technology, Inc. Seeking Damages on Behalf of Investors
June 14, 2001 12:19:00 PM ET

LITTLE ROCK, Ark., June 14 /PRNewswire/ -- The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that it has filed a class action on behalf of all individuals and institutional investors that purchased the common stock of SeaView Video Technology, Inc. (OTC Bulletin Board: SEVU) ("SeaView" or the "Company") between March 30, 2000 and March 19, 2001, inclusive (the "Class Period"). The lawsuit, captioned Howlin v. SeaView Video Technology, Inc., et al., Case No. 8:01 CV 1133-T-27 TGW, is pending in the United States District Court, Middle District of Florida, located at 801 N. Florida Avenue, Tampa, FL 33602, and has been assigned to the Honorable James D. Whittemore. 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.seaview_video.pdf.

The Complaint charges SeaView and its President and Chief Executive Officer, Richard L. McBride ("McBride") with violations of the Securities Exchange Act of 1934. The Complaint alleges that during the Class Period, SeaView, a provider of marine, medical and security-related video equipment, and McBride made numerous materially false and misleading statements, concerning, among other things, SeaView's reported revenues for the second and third quarter of 2000 as well as expected revenue for the Year 2000, the demand for SeaView's products, and SeaView's ability to manufacture sufficient product to meet the purported demand. In addition, the Complaint charges that SeaView and McBride failed to disclose that the Company recognized revenue for non-existent sales. As alleged in the Complaint, on March 19, 2001, SeaView revealed, in a Form 8-K filed with the SEC, that its financial results for the second and third quarters of 2000 were materially false. On April 16, 2001, in its Form 10-K filed with the SEC, Sea View confirmed that was restating its financial results for those periods.

If you purchased SeaView common stock between March 30, 2000 and March 19, 2001, inclusive, you may, no later than July 16, 2001 request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Cauley Geller Bowman & Coates, LLP, or other counsel of your choice, to serve as your counsel in this action. If you are a member of this class, you can join this class action online at http://www.classlawyer.com/sign_up.html.

Cauley Geller Bowman & Coates, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com.

CAULEY GELLER BOWMAN & COATES, LLP
Client Relations Department:
Jackie Addison, Sue Null or Charlie Gastineau
P.O. Box 25438
Little Rock, AR 72221-5438
Toll Free: 1-888-551-9944
E-mail: [e-mail]
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© 2001 PRNewswire

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