According to a Press Release dated Nov. 1, 2001, a complaint was filed alleging violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about November 17, 1999, MetaSolv commenced an initial public offering of 5,000,000 of its shares of common stock at an offering price of $19 per share (the "MetaSolv IPO"). In connection therewith, MetaSolv filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) MetaSolv had solicited and received excessive and undisclosed commissions from certain investors in exchange for which Morgan Stanley, Robertson Stephens and Jeffries allocated to those investors material portions of the restricted number of MetaSolv shares issued in connection with the MetaSolv IPO; and (ii) Morgan Stanley, Robertson Stephens and Jeffries had entered into agreements with customers whereby Morgan Stanley, Robertson Stephens and Jeffries agreed to allocate MetaSolv shares to those customers in the MetaSolv IPO in exchange for which the customers agreed to purchase additional MetaSolv shares in the aftermarket at pre-determined prices.