2009-11-02 17:45:44 - An Investigation over shareholder claims on behalf of current long term investors in InterNAP Network Services (Public, NASDAQ:INAP) continues - Contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com

A lawsuit on behalf of investors, who purchased their InterNAP Network Services (Public, NASDAQ:INAP)shares between March 28, 2007 and March 18, 2008, alleging violations of Federal Securities Laws by InterNap and others is currently pending in the United States District Court for the Northern District of Georgia. In addition an investigation on behalf of long term investors of InterNAP Network

Services (Public, NASDAQ:INAP), who currently hold their INAP shares, focusing on potential claims against certain directors and officers of InterNAP Network Services (NASDAQ:INAP) is ongoing.

If you are a current long-term investor in InterNAP Network Services (Public, NASDAQ:INAP), you have certain options and you should contact the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554. An investor in Internap Network Services Corp has filed a proposed securities class action lawsuit on behalf of the above stated investors of Internap Network Services Corp. (NASDAQ: INAP) shares alleges that Internap Network Services Corp. (NASDAQ: INAP) and its Chief Executive Officer violated the Securities Exchange Act by issuing materially false and misleading statements regarding the Internap Network Services Corp.’s alleged successful integration of acquired businesses into its network and that such integration purportedly improved performance for customers, helped increase its customer base and resulted in record revenues. The stockholder alleges that contrary to these statements Internap Network Services Corp. allegedly concealed from the public that its customers were experiencing sever network outages and that several hundred customers had requested account credits. The complaint alleges that because of defendants’ false and misleading statements, Internap Network Services Corp.’s stock traded at artificially inflated prices between March 28, 2007 and March 18, 2008. But on March 18, 2008, Internap Network Services Corp. announced that it would delay filing its Form 10-K Annual Report, that it would send refunds to several hundred customers and that service outages caused a reduction of revenue and caused customers to request credits, and as a result of the news on the following day, March 19, 2008, Internap Network Services Corp.s stock price declined from $6.12 per share to a closing price of $4.09 per share, a decline of approximately 33%, so the lawsuit. Those who are current long-term investors in Internap Network Services Corpo (NasdaqGS: INAP), have certain options and should contact the Shareholders Foundation.