The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit Against American Italian Pasta Company
03 10์ 2005 - 11:03PM
Business Wire
Investor Deadline: October 11, 2005 is the Last Day to Join
Shareholder Class Action as a Potential Lead Plaintiff Goldman
Scarlato & Karon, P.C., a law firm with offices in Pennsylvania
and Ohio, 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"). The Deadline to move for Lead Plaintiff is October
11, 2005. 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
penny@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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American Italian Pasta (NYSE:PLB)
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๋ถํฐ 6์(6) 2023 ์ผ๋ก 6์(6) 2024
American Italian Pasta (๋ด์ ์ฆ๊ถ๊ฑฐ๋์)์ ์ค์๊ฐ ๋ด์ค: ์ต๊ทผ ๊ธฐ์ฌ 0
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