Cohen Milstein Sellers & Toll PLLC Announces Investigation Of CIBER, Inc.

Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether CIBER, Inc. (“CIBER” or the “Company”) and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

A class action lawsuit has been filed in the U.S. District Court for the District of Colorado by another law firm on behalf of purchasers of the common stock of CIBER, Inc. (NYSE: CBR) between December 15, 2010 and August 3, 2011, inclusive (the “Class Period”).

The complaint alleges that CIBER and certain of its officers and/or directors (“Defendants”) misrepresented and/or failed to disclose that: (1) the Company could not achieve its reported business outlook and aggressive guidance due to the fact that it was migrating away from its low margin business, and those unprofitable legacy fixed-price contracts would have to be charged against the Company’s revenue and earnings; (2) declining sales in the Company’s North American division would adversely affect the Company’s 2011 results; (3) the Company was not actually implementing new strategic initiatives that would improve its financial performance; (4) the Company’s wholesale transition would adversely affect the Company’s financial performance; (5) the Company lacked an effective system of internal and disclosure controls; and (6) as a result, the Company lacked a basis for its positive statements about the Company’s financial results, significant growth and future guidance.

On August 3, 2011, CIBER released second quarter financial results that were well below expectations, including a net loss of $58.4 million, or $0.81 per share. CIBER attributed the poor results in large part to a $13.4 million charge from the “adjustment for significant changes in estimates related to costs or scope on … five fixed-price projects.” In addition, CIBER’s North American division reported a 23% decline in revenue. CIBER stated that, “[t]he other significant impact on Q2 was the shortfall in North American sales and revenue production,” and acknowledged that, “[a]lthough it is disappointing, it is not completely unforeseen, given the tremendous reorganization this unit has undergone, as it moves from a branch model to a functional model.” The Company further reported that it was withdrawing its 2011 guidance “as a result of the reduction in earnings related to the five fixed-price contracts, a revenue decline in North America and the write-off of historic balance sheet items.”

The price of CIBER shares fell from $5.16 to $3.94 on August 3, representing a decline of 23.64%.

Cohen Milstein encourages all investors who purchased CIBER common stock between December 15, 2010 and August 3, 2011 or former employees with information concerning this matter to contact the firm.

If you are a CIBER shareholder and would like to discuss your right to recover for your economic loss, you may, without any cost or obligation, call Cohen Milstein’s Managing Partner, Steven J. Toll at (888) 240-0775 or (202) 408-4600, or email him at stoll@cohenmilstein.com. If you purchased the common stock of CIBER and wish to serve as lead plaintiff, you must move the Court no later than January 3, 2012 to request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your share in any recovery will not be enhanced or diminished by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may retain Cohen Milstein Sellers & Toll PLLC or other attorneys to serve as your counsel in this action, or you may do nothing and remain an absent class member.

Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting investor class actions and actions involving securities fraud. The firm has offices in Washington, D.C., New York, Philadelphia, Chicago, and West Palm Beach, and is active in major litigation pending in federal and state courts throughout the nation.

The firm’s reputation for excellence has repeatedly been recognized by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars. Prior results do not guarantee a similar outcome. For more information visit www.cohenmilstein.com.

If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following:

Steven J. Toll, Esq.Cameron ClarkCohen Milstein Sellers & Toll PLLC1100 New York Avenue, N.W.West Tower, Suite 500Washington, D.C. 20005Telephone: (888) 240-0775 or (202) 408-4600Email: stoll@cohenmilstein.com; cclark@cohenmilstein.com

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