latest news releases from the newsroom
Emerson Poynter LLP
The Emerson Firm Announces Class Action Lawsuit Against HealthSouth Corporation on Behalf of Investors -- HRC
HOUSTON, Sept. 19, 2002 (PRIMEZONE) -- The Emerson Firm, a securities class action trial law firm, announced today that a class action has been filed in the United States District Court for the Northern District of Alabama, Southern Division, on behalf of purchasers of HealthSouth Corporation ("HealthSouth" or the "Company") (NYSE:HRC) publicly traded securities during the period between January 14, 2002 and August 26, 2002, inclusive (the "Class Period"). The complaint alleges that HealthSouth's Chief Executive Officer admitted that HealthSouth knew of problems with its Medicare billing practices as early as June 6, 2002, two full months before the date the Company previously disclosed. A copy of the complaint filed in this action is available from the Court or can be obtained from the Firm's Investor Relations Department by making a toll free call.
Wall Street Strategies
Nationally Recognized Equity Analyst to Present at Webcast Event on Predatory Shorting and Other Topics for Public Companies
NEW YORK, Sept. 19, 2002 (PRIMEZONE) -- Nationally recognized equity analyst, Charles Payne, Founder, CEO and Principal Analyst of Wall Street Strategies (OTCBB:WSSI) (formerly WSST), a Registered Investment Advisor firm, will be the featured speaker for a webcast with Q&A, titled: "Predatory Shorting, Excessive Regulations and Other Obstacles Facing Small Public Companies" on Tuesday, Sept. 24, 2002 at 2 p.m. EST. Those interested may register for a small nominal fee, which can include a transcript, at www.hawkwoodcapitalpartners.com/payne.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against Interpublic Group of Companies, Inc. and Certain Officers and Directors Alleging Violations of Federal Securities Law -- IPG
NEW YORK, Sept. 19, 2002 (PRIMEZONE) -- A class action complaint has been filed in the United States District Court for the Southern District of New York, on behalf of all persons or entities who purchased or otherwise acquired securities of The Interpublic Group of Companies ("Interpublic " or the "Company") (NYSE:IPG) between October 28, 1997 and August 13, 2002, both dates inclusive (the "Class Period"). The Interpublic Group of Companies, Inc., John J. Dooner, Jr., Philip H. Greier, Sean F. Orr, Frederick Molz, Eugene P. Beard, Richard P. Sneeder, Jr., David I.C. Weatherseed, and Joseph M. Studley are named as defendants in the complaint.
PurchasePro Files 8-K
LAS VEGAS, Sept. 19, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PROEQ) today announced it has filed with the Securities and Exchange Commission a Form 8-K, which, among other things, clarifies PurchasePro's September 12 announcement of its arrangement with Perfect Commerce, Inc. The 8-K also reports PurchasePro's filing of a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the Bankruptcy Court for the District of Nevada, which PurchasePro also announced on September 12.
Lone Star Steak House & Saloon
Lone Star Steakhouse & Saloon, Inc. Third Quarter Operating Results News Release
WICHITA, Kan., Sept. 19, 2002 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. (Nasdaq:STAR) announced operating results for the third quarter ended September 3, 2002. Adjusted net income (net income before unusual items including non-cash compensation amounts) increased 57% to $7,829,000 or $.35 per share ($.32 diluted) compared to $4,977,000 or $.21 per share ($.20 diluted) last year. Year to date adjusted net income was up 84% to $29,638,000 or $1.25 per share ($1.13 diluted) compared to $16,133,000 or $.67 per share ($.64 diluted) in 2001. Unusual items, primarily non-cash stock compensation benefits were $5,744,000 after tax, resulting in net income for the quarter of $13,573,000 or $.61 per share ($.55 diluted). Unusual items in the year to date period, consisting primarily of non-cash stock compensation expense and abandoned merger costs, were $(17,207,000), after tax, resulting in net income year to date of $12,431,000 or $.52 per share ($.47 diluted). Third quarter revenue declined .9% to $134,492,000 and year to date revenue increased 2.1% to $422,339,000.
Fresh America Corp. Announces Appointment of New President and CEO
ARLINGTON, Texas, Sept. 19, 2002 (PRIMEZONE) -- Fresh America Corp. (OTCBB:FRES), a food distribution management company, announced today that it has appointed Mark Prowell as the Company's new President and Chief Executive Officer. Mr. Prowell will assume these responsibilities at the end of September 2002 from Darren Miles who has served as interim CEO for the past year. Mr. Miles will continue to serve as a Director of the Company.
Law Offices Bernard M. Gross, P.C.
Law Offices Bernard M. Gross Announces the Pendency of Class Action Lawsuit on Behalf of Purchasers of Common Stock of Cutter & Buck, Inc. -- CBUKE
PHILADELPHIA, Sept. 19, 2002 (PRIMEZONE) -- Notice is hereby given that a class action lawsuit was filed on September 18, 2002, in the United States District Court for the Western District of Washington, on behalf of all persons and entities who purchased or otherwise acquired the common stock of Cutter & Buck, Inc. (Nasdaq:CBUKE) ("Cutter" or the "Company") between July 30, 2000 and August 12, 2002, inclusive (the "Class Period").