Found this old article, don't know what the outcome was.
Investors Pursue Class Actions Against Interspeed, Inc. And Brooktrout, Inc., Berman DeValerio & Pease Says
Market Wire, November, 2000
Berman DeValerio & Pease LLP (www.bermanesq.com) today advised investors that Interspeed, Inc. (NASDAQ: ISPD) and Brooktrout, Inc. (NASDAQ:BRKT) face separate securities fraud class actions.
The complaint against Interspeed seeks damages for violations of federal securities laws on behalf of all investors who bought Interspeed common stock between October 4, 1999 and October 6, 2000 (the "Class Period"). The complaint against Brooktrout covers those investors who bought Brooktrout common stock between February 3, 2000 and October 6, 2000.
Both lawsuits were filed last month in the United States District Court for the District of Massachusetts. Interspeed is based in North Andover, Mass. Brooktrout is based in Needham, Mass. Boston-based Berman DeValerio & Pease has prosecuted securities fraud class actions for nearly two decades.
The Interspeed complaint charges that Interspeed issued materially false and misleading statements concerning its business and financial results that inflated its stock price during the Class Period. Specifically, the lawsuit says Interspeed improperly recorded revenue during the first three quarters of fiscal 2000. On October 6, 2000, the company said it expected to restate "unaudited results for the interim periods." In the same announcement, the company said its chief executive officer, Stephen Ide, had resigned, and that two other high-level employees had been fired. In the wake of the announcement, Interspeed's stock price fell to as low as $1 from a high of $37 during the Class Period.
