Workstream, Inc. NASD: WSTM

A class action lawsuit was filed in the United States District Court for the Southern District of New York, on behalf of purchasers of Workstream, Inc. ("Workstream") (NASDAQ: WSTM) common stock between January 14, 2005 and April 14, 2005, inclusive (the "Class Period").

The Complaint alleges that throughout the relevant period, the defendants failed to disclose and misrepresented material adverse facts which were known to defendants or recklessly disregarded by them and which caused the defendants to issue materially false and misleading financial statements and projections which, among other things, caused the price of Workstream stock to trade at artificially inflated prices. The complaint alleges, for example, that defendants purposefully overstated and exaggerated Workstream's projected revenues and earnings, and other related measures of the company's financial condition, by improperly recognizing revenue for sales of software using inapplicable "percentage of completion" accounting methodologies.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

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If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible class action lawsuit. Please fill in our form on the right to submit your complaint and we will have a lawyer review your securities complaint.

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