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Stockholders of U.S. Interactive have filed at least five lawsuits.
The future of formerly King of Prussia-based U.S. Interactive may be decided in bankruptcy court in California, but three of its former officials are defendants in at least five shareholder lawsuits in Philadelphia.
Former Chief Executive Officer and President Stephen T. Zarrilli, former Chairman Eric Pulier and a former director, John Shulman, are accused in the suits of artificially boosting U.S. Interactive's share price so they could sell their own stock in the company between Feb. 10, 2000 and Nov. 8, 2000.
Attorneys for the plaintiffs are seeking to have the suits, filed in U.S. District Court, certified as a class-action representing all who bought U.S. Interactive shares during that time.
The lawsuits seek damages, interest, the cost of bringing the suits and other relief as may be proper under the circumstances.
Zarrilli, now president and CEO of Malvern-based Internet software developer Solution.com, said he …