QuadraMed Corporation securities

January 1 2003

Company:	QuadraMed Corporation
Ticker Symbol:	NASD: QMDCE
Class Period:	April 19, 1999 to October 16, 2002
Court:	Northern District, CA
Date Filed:	Oct-31-02
Allegations:

QuadraMed is a healthcare information and technology company that provides software solutions and consulting services to hospitals and medical providers to meet their medical records, business and compliance needs. Plaintiffs allege that throughout the Class Period, QuadraMed issued false and misleading financial statements in violation of Generally Accepted Accounting Principles ("GAAP") by improperly recognizing revenue on software licenses.

After several partial disclosures about the inaccuracy of its financial statements, on October 16, 2002, QuadraMed finally announced that it would restate its financial statements for the years ended December 31, 1999, 2000 and 2001 and the quarter ended March 31, 2002 due to the Company's improper revenue recognition practices.

As a result of the Defendants' false and misleading statements, QuadraMed securities traded at artificially high levels during the Class Period.

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