Wechsler Harwood Announces Securities Class Action Suit Against Calico Commerce, Inc.

Wechsler Harwood Halebian & Feffer LLP hereby gives notice that a class action lawsuit was filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of Calico Commerce, Inc. (NASDAQ: CLIC) from October 6, 1999 through March 23, 2001, inclusive (the "Class Period").

The complaint charges Calico Commerce and certain officers and directors with issuing a false and misleading registration statement and prospectus (the "Offering Documents") in connection with the Company's October 6, 1999 initial public offering. The complaint alleges that the Offering Documents were misleading because they failed to disclose to investors that at least two of the lead underwriters and two of the other underwriters had solicited and received excessive and undisclosed commissions from certain investors. Plaintiff seeks to recover damages on behalf of class members.

If you are a member of the Class described above, and if you meet certain other legal requirements, you may, no later than May 28, 2001, move the Court to serve as a lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." The requirements for serving as a lead plaintiff are set forth in the Private Securities Litigation Reform Act of 1995 (15 U.S.C. 78u-4). Please note, however, that class members need not seek appointment as lead plaintiff in order to share in any recovery resulting from this litigation.

Wechsler Harwood Halebian & Feffer LLP has taken a leading role in many important actions on behalf of defrauded shareholders. The Wechsler Harwood Halebian & Feffer LLP website (http://www.whhf.com/) has more information about the firm.

If you wish to discuss this action with the Firm, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following:

  Wechsler Harwood Halebian & Feffer LLP
  488 Madison Avenue 8th Floor
  New York, NY 10022
  Phone: 877-935-7400 (Toll Free)

  Patricia Guiteau, Shareholder Relations Department:  pguiteau@whhf.com

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SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Patricia Guiteau, Shareholder Relations of Wechsler Harwood
Halebian & Feffer LLP, 877-935-7400, pguiteau@whhf.com

Website: http://www.whhf.com/