latest news releases from the newsroom
Peregrine Improperly Accounted for Over $100 Million, Says the Pomerantz Firm -- PRGN
NEW YORK, June 3, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit in the United States District Court for the Southern District of California against Peregrine Systems, Inc. ("Peregrine" or the "Company") (Nasdaq:PRGN), the Company's former auditor Arthur Andersen LLP, and two of the Company's former officers on behalf of investors who purchased the securities of Peregrine during the period from July 21, 1999 and May 3, 2002, inclusive (the "Class Period"). The lawsuit charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act by, among other things, improperly accounting for over $100 million by booking revenue from indirect sales channels, in violation of Generally Accepted Accounting Principles ("GAAP"), thereby leading to a material overstatement of the Company's revenues.
School Specialty Event to be Broadcast by Vcall Over the Internet
RICHMOND, Va., June 3, 2002 (PRIMEZONE) -- School Specialty, Inc. (Nasdaq:SCHS) will broadcast its earnings event on Tuesday, June 4, 2002 at 11:00 AM Eastern, Vcall, a Service of WILink, announced today. This event webcast can be accessed at http://www.vcall.com/EventPage.asp?ID=81264.