Shareholder Class Action Filed Against Carrier Access Corporation by the Law Firm of Schiffrin & Barroway, LLP

Shareholder Class Action Filed Against Carrier Access Corporation
by the Law Firm of Schiffrin & Barroway, LLP 


RADNOR, Pa., June 13  /PRNewswire/ -- The following statement was issued today
by the law firm of Schiffrin & Barroway, LLP:

Notice is hereby given that a class action lawsuit was filed in the United
States District Court for the District of Colorado on behalf of all securities
purchasers of Carrier Access Corporation (NASDAQ:CACSE) ("Carrier Access" or
the "Company") between October 21, 2003 and May 20, 2005, inclusive (the "Class
Period").

If you wish to discuss this action or have any questions concerning this notice
or your rights or interests with respect to these matters, please contact
Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Darren J. Check, Esq.)
toll-free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at .

The complaint charges Carrier Access, Roger L. Koenig, Nancy G. Pierce, and
Timothy R. Anderson with violations of the Securities Exchange Act of 1934. 
More specifically, the Complaint alleges that the Company failed to disclose
and misrepresented the following material adverse facts which were known to
defendants or recklessly disregarded by them: (1) that the Company improperly
recorded certain revenues and direct costs in incorrect periods in order to
materially inflate its financial results; (2) that the Company lacked adequate
internal controls; (3) that the Company's financial results were in violation
of GAAP; (4) as a result of the foregoing, the Company's financial results were
materially inflated at all relevant times; and (5) the defendants' statements
about the Company's status and progress were lacking in any reasonable basis
when made.

On May 2, 2005, the Company announced that it was delaying filing an amendment
to Form 10-K for the period ended December 31, 2004, because management
discovered internal control deficiencies and revenue and cost recognition
issues.  On this news, shares of Carrier Access fell $0.47 per share or 8.58
percent, on May 3, 2005, to close at $5.01 per share.  On May 20, 2005, Carrier
Access finally revealed that previously issued financial statements for the
year ended December 31, 2004, and certain interim periods in each of the years
ended December 31, 2004, and 2003, would be restated.  As the full extent of
the Company's false and misleading practices had become known, Carrier Access'
stock continued to decline.  On May 20, 2005, the Company's stock fell another
$0.69 per share or 13.02 percent to close at $4.61 per share.

Plaintiff seeks to recover damages on behalf of class members and is
represented by the law firm of Schiffrin & Barroway, which prosecutes class
actions in both state and federal courts throughout the country.  Schiffrin &
Barroway is a driving force behind corporate governance reform, and has
recovered in excess of a billion dollars on behalf of institutional and high
net worth individual investors.  For more information about Schiffrin &
Barroway, or to sign up to participate in this action online, please visit
http://www.sbclasslaw.com/.

If you are a member of the class described above, you may, not later than
August 1, 2005 move the Court to serve as lead plaintiff of the class, if you
so choose.  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."  Your ability to share in any recovery
is not, however, affected by the decision whether or not to serve as a lead
plaintiff.  You may retain Schiffrin & Barroway, or other counsel of your
choice, to serve as your counsel in this action.

    CONTACT:  Schiffrin & Barroway, LLP
              Marc A. Topaz, Esq.
              Darren J. Check, Esq.
              280 King of Prussia Road
              Radnor, PA 19087
              1-888-299-7706 (toll-free) or 1-610-667-7706
              Or by e-mail at 

DATASOURCE: Schiffrin & Barroway, LLP



CONTACT:  Schiffrin & Barroway, LLP: Marc A. Topaz, Esq. or Darren J.

Check, Esq., [phone], [phone] or 



Web site:  http://www.sbclasslaw.com/ 

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