New results are given on the phenomenon of data-related false lock in a Costas loop that contains a perfect integrator in its loop filter. The input carrier to the loop is assumed to be bi-phase modulated with a $T'$ periodic binary sequence constructed from Manchester symbols; there are P symbols per period. As a result, the false locked loop is described by a non-linear system with periodic coefficients. A loop gain parameter $\delta $ appears in this system, and it is used as a perturbation parameter. A constant $\omega _f $ also appears; this constant represents the closed loop frequency error in the false locked loop. Under some general conditions on modulation m it is shown that bifurcation occurs at $\delta = 0$ in this equation for each value$\omega _f = k[ \pi/T'],\,k = 1,2, \cdots $. For each of these values the nonlinear system is shown to have four distinct periodic solutions. The loop has a false locked state that corresponds to each solution. A simple test is derived to analyze the stability of these false locked states. Finally, the theory is applied to a simple loop with proportional plus integral loop filter, and the results are displayed graphically.