Chestnut & Cambronne, P.A. Announces the Filing ofa Class Action Lawsuit Against Unify...

Business Editors & Legal Writers

MINNEAPOLIS--(BUSINESS WIRE)--Aug. 18, 2000

Chestnut & Cambronne, P.A. announced today that it commenced a class action lawsuit on August 16, 2000 in the United States District Court for the Northern District of California on behalf of purchasers of Unify Corporation common stock (NASDAQ: UNFY) for the period between May 19, 1999 and July 28, 2000.

The complaint states that during the proposed class period, Unify issued false financial results improperly reporting revenues. The complaint also states that two of the company's most senior officers were placed on "administrative leave" after it was determined that the company had engaged in improper accounting practices. It is also alleged that during the proposed class period, the president and chief executive officer, Reza Mikailli, and the chief financial officer, Gary Pado, sold over $7 million of Unify stock.

If you would like to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Becky Erickson, Chestnut & Cambronne, P.A., 3700 Piper Tower, Minneapolis Minnesota 55402. Telephone: 612/339/7300 or berickson@chestnutcambronne.com

If you wish to apply to be the Lead Plaintiff in this action, a motion must be filed on your behalf with the court by no later than September 29, 2000. To be a member of the class you need not take any action at this time and you may retain counsel of your own choice. To serve as the Lead Plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Chestnut & Cambronne, P.A. to discuss your rights regarding the appointment of Lead Plaintiff and your interest in the class action.