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Statman, Harris & Eyrich Announces Class Action Lawsuit Against SAIC, Inc. and Encourages Persons with Non-Public Information to Contact the Firm

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Cincinnati, OH (PRWEB) April 06, 2012

The law firm of Statman, Harris & Eyrich, LLC announces that a class action lawsuit has been filed against SAIC, Inc. (SAIC or the Company) and certain of its officers and directors on behalf of purchasers of the common stock during the period April 11, 2007 and September 1, 2011, inclusive (the Class Period).

The action, filed by another firm in the United States District Court for the Southern District of New York (Case No. 12-cv-01353), alleges defendants violated federal securities laws by misrepresenting or failing to disclose information relating to overbilling the city of New York hundreds of millions of dollars on a project to update the citys employee payroll system (the CityTime Project). Executives of the Company admitted in a conference call that the Company might be forced to take a deduction from earnings to reflect alleged overbilling on the CityTime Project from the financial results it released for the second quarter of 2012. The stock price dropped on this disclosure, damaging investors.

Investors who purchased SAIC common stock during the Class Period may have a claim against the Company and are encouraged to contact attorney Brian Giles at (513) 345-8181 or by e-mail to classaction(at)statmanharris(dot)com for further information about this matter without any obligation or cost to you. Additionally, persons with non-public knowledge relative to the allegations asserted are encouraged to contact the law firm. The whistleblower provisions in the Dodd-Frank Wall Street Reform Bill protect whistleblowers from employer retaliation and allow the SEC to reward those who provide information leading to a successful enforcement with up to 30 percent of the recovery.

Statman, Harris & Eyrich, LLC, which has significant experience in consumer, investor, and mass tort class actions, has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; and Sarasota, Florida. http://www.statmanharris.com

CONTACT:

FIRM INTRODUCES “INFORMATION INTERFACE” for LOCAL MARKETS.

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(PRWEB) August 7, 2004

NASHVILLE, TN (PRWEB): August, 7, 2004 Tip O’Neil said all politics are local and at NashvillesNews they would add “news” to the list. The company’s web application is a combination newspaper, blog, wiki and publicly agent geared toward metropolitan markets. According to the company the application gives users a comprehensive overview of all relevant local and national news on a single page updated more than 300 times a day. In addition to traditional news, sports, weather the application is providing individuals, groups and businesses free access to advanced publicity generation and blog functions.

Dubbed a “metablog” with local market orientation the developers are betting that people will turn to NashvillesNews.com when seeking timely information on a wide range of subjects including local politics, hard news, entertainment, events and even missing pets.

According to company spokesperson John Bransford “It’s a natural extension of the new XML messaging technologies. The tools were developed for cross communication and promotion among the rapidly expanding universe of new blogs. Blogging is about communicating your words, thoughts and ideas and these new protocols are all about getting the word out or making your existence known. We’ve taken these tools and brought then together under one roof. The aggregate result of the applications use of blogging XML-RPC has been to amplify the effectiveness and extend the range of the tools.“

“The power of our own application didn’t sink in till about midway through the development process we noticed that a lot of our internal memos and groupware postings were showing up in common web searches a few hours later. It took us a few days to figure out how it was happening.”

“RSS (really simple syndication) was not the first messaging protocol on the net but it was the template for blog messaging and has been followed by Trackback, Pingback, Waypath, Delicious, and more. According to Bransford “these blog cross messaging protocols are doing more than just putting out a digital “open for business” sign. They’re publishing meaning by giving the words context and relevance which are the high grade fuels for search engine spiders. This is the stuff that’s begun to set the web in motion by helping the web content describe itself. Not surprisingly that is the precise reason XML (extensible markup language) was developed to gradually replace html.”

“It’s effective as the Howard Dean for president people can confirm. Dean Space used the exact same tool called Drupal.”

“A relative handful of traditional news publishers are using these available XML publishing technologies. I would add that no one including ourselves is using them to their greatest potential. We’re working on changing that but you have to start somewhere. Our digital media publishing tool is in an alpha state at NashvillesNews.net and Musicfeed.net. It’s doing for audio – i.e. music what we’ve done for words or at least it’s getting there.”

“The next release due in September will highlight relevant blog content as much as news publication reporting. There’re an incredible number of excellent blogs with content as good as or better than that found in most local publications. Our intent is to offer through the user interface those blogs that are pertinent or just interesting to the community.”

“The overall game plan is to attach relevance to the content – words, audio or video — and make it useable and accessible through the web.”

For additional information contact: John Bransford

CONTACT INFORMATION:

John Bransford

NashvillesNews

615.403-4044

http://www.NashvillesNews.com