ESpeed, the electronic bond trading network, has been served with a class action complaint by Mircuz Partners LLC, a shareholder, alleging that the company "made material false positive statements". The action comes as eSpeed delayed its full-year results.

In a statement, eSpeed said Mircuz filed a purported class action complaint on behalf of everyone who purchased eSpeed stock between August 12, 2003 and July 1, 2004, alleging that eSpeed made false statements about its performance and violated certain provisions of the US Securities Exchange Act.