The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit Against American Italian Pasta Company
16 8월 2005 - 11:17PM
Business Wire
Goldman Scarlato & Karon, P.C., a law firm with offices in
Conshohocken, PA and Cleveland, OH, announces that a lawsuit has
been filed in the United States District Court for the Western
District of Missouri, on behalf of persons who purchased or
otherwise acquired publicly traded securities of American Italian
Pasta Company ("Pasta" or the "Company") (NYSE:PLB) between October
4, 2000 and August 9, 2005, inclusive, (the "Class Period"). The
lawsuit was filed against Pasta and Timothy S. Webster, David B.
Potter, Jerry H. Dear, Warren B. Schmidgall, George D. Shadid and
Horst W. Schroeder ("Defendants"). If you are a member of this
class and wish to view a copy of a complaint and join this class
action, please e-mail us at info@gsk-law.com and request a copy of
the complaint and a plaintiff certification. If you are a member of
the Class, you may move the Court no later than October 11, 2005 to
serve as a lead plaintiff for the Class. Any member of the
purported class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. However, if you choose to remain an
absent class member, unless and until a class is certified, you are
not represented by counsel. The complaint alleges that Defendants
violated Sections 10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder. Specifically, the
complaint alleges that The Company failed to disclose or
misrepresented that the Company failed to properly expense $6.6
million in promotional allowances and deduction receivables, that
the Company failed to take timely write-downs for spare parts
inventory, that the Company maintained inadequate reserves for slow
moving, damaged, and discontinued inventories, the Company failed
to record $1.9 million in certain fixed asset retirements, and that
as a result the Company's financials were not prepared in
accordance with Generally Accepted Accounting Principles ("GAAP").
On August 9, 2005, after the market closed, Pasta announced a $60.7
million charge and an SEC inquiry into the Company's results.
Specifically, the Company stated the SEC was investigating it for
unspecified restatements and for transactions in the Company's
stock by outsiders in late 2004 and early 2005, for which the
Company had received inquiries from the New York Stock Exchange and
the Philadelphia Stock Exchange. In addition, the Audit Committee
of Pasta is conducting an internal investigation of certain
accounting procedures. If you bought Pasta securities between
October 4, 2000 and August 9, 2005, inclusive, and would like to
obtain information about the lawsuit, then you are invited to call
888-753-2796 to speak with an advisor.
American Italian Pasta (NYSE:PLB)
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부터 5월(5) 2024 으로 6월(6) 2024
American Italian Pasta (NYSE:PLB)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024