Law Offices of Marc S. Henzel Announces Class Action Lawsuit Against Check Point Software...

Business Editors/Legal Writers

BALA CYNWYD, Pa.--(BUSINESS WIRE)--Sept. 11, 2003

A class action lawsuit was filed in the United States District Court for the Southern District of New York, on behalf of all persons who purchased securities of Check Point Software Technologies, Ltd. ("Check Point" or the "Company") (Nasdaq:CHKP) between July 10, 2001 and April 4, 2002, inclusive, (the "Class Period") against defendants Check Point and certain officers and directors of the Company.

During the Class Period, Defendants made public statements regarding Check Point's increasing profits and revenue growth, and various product marketing initiatives. The complaint alleges that these statements were issued despite the fact that demand for Check Point's products was in sharp decline. The complaint also alleges that several Individual Defendants engaged in significant insider selling during the Class Period, selling approximately 228,000 shares and realizing $8.8 million in illegal proceeds.

On April 4, 2002, the truth was revealed. Check Point announced a revenue shortfall of approximately $15 million for the first quarter 2002, and lowered its revenue and earnings guidance by approximately 10% for fiscal year 2002. The Company further disclosed that a number of its customers had delayed purchase decisions and/or reduced the dollar amount of their purchases. Market reaction to Check Point's announcement was swift and severe. Check Point shares dropped over 19% in heavy trading, closing at $22.07 on April 4, 2002.

Plaintiff is represented by The Law Offices of Marc S. Henzel. If you are a member of the class, you may, no later than October 28, 2003, 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.

If you have any questions concerning this case or your rights or interests with respect to these matters, please contact: Marc S. Henzel, Esq. of The Law Offices of Marc S. Henzel, 273 Montgomery Ave, Suite 202 Bala Cynwyd, PA 19004-2808, by telephone 888-643-6735 or 610-660-8000, by facsimile 610-660-8080, by e-mail at Mhenzel182@aol.com or visit the firm's website at http://members.aol.com/mhenzel182.