BENSALEM, Pa., Nov. 23 /PRNewswire/ -- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Northern District of George against Internap Network Services Corporation ("Internap" or the "Company") , on behalf of all persons who purchased or otherwise acquired the Company's common stock between March 28, 2007 and March 18, 2008.
The complaint alleges that the Company and certain of its executive officers violated federal securities laws. Specifically, the complaint alleges that certain public statements made by the Company during that period were materially false and misleading because the statements failed to disclose or indicate, among other things: (1) that the Company had not successfully integrated its network following the Company's acquisition of Vitalstream Advertising and Media Services; (2) that the Company was actually having significant integration problems causing service issues for Internap's customers; (3) that as a result, the Company's customers were requesting account credits and Internap would have to refund money which the Company had previously reported and recognized as revenue; and (4) that its customer count was inaccurate and overstated;
If you are a member of the class described above, you may move the Court, no later than January 13, 2009 to serve as lead plaintiff, however, you must meet certain legal requirements. If you purchased Internap's common stock between March 28, 2007 and March 18, 2008 or if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
