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BACKDATED STOCK OPTIONS
SHAPIRO HABER &
URMY LLP IS NOW PROSECUTING A DERIVATIVE ACTION ON BEHALF OF
AFFILIATED
COMPUTER SERVICES, INC.
IF YOU ARE A SHAREHOLDER OF
AFFILIATED COMPUTER SERVICES, INC.
(ACS) AND HAVE HELD STOCK IN ACS
CONTINUOUSLY SINCE AT LEAST APRIL
26, 2001, WE WOULD LIKE TO SPEAK TO
YOU ABOUT THE LEGAL ACTION WE ARE
PROSECUTING ON BEHALF OF ACS
On May 2, 2006, Shapiro Haber & Urmy
LLP brought a derivative action, on
behalf of ACS, against several past
and present officers and directors
of ACS. The Defendants include ACS
Chairman and Founder Darwin Deason
and two former Chief Executive
Officers of ACS, Jeffrey Rich and
Mark King. This action was filed in
May 2006 in the Delaware Chancery
Court (ACS is a Delaware
corporation).
This action is brought to recover
damages caused to ACS as a result of
the Defendants’ systematic
backdating of ACS stock options
issued to the Defendants, in
violation of ACS’s stock option
plans. The Defendants also caused
ACS to misrepresent, in its SEC
filings, ACS’s stock option granting
processes. ACS has now admitted that
its stock options were improperly
issued and that those practices
caused ACS to overstate its earnings
between 1994 and 2006 by
approximately $51 million.
If you are a shareholder of Affiliated
Computer Services, and
have continuously owned shares of
ACS since at least April 26, 2001,
we would very much like to discuss
this case with you. Please contact
attorney Edward Haber or attorney Michelle Blauner, who can be reached
at (800) 287-8119 or (617) 439-3939
or at
ehaber@shulaw.com, or
mblauner@shulaw.com.
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