LITTLE ROCK, Ark., June 16, 2002 (PRIMEZONE) -- The Emerson Firm, a securities class action law firm, announced today that a class action has been filed in the United States District Court for the District of Oregon on behalf of purchasers of Computerized Thermal Imaging ("CTI" or the "Company") (Amex:CIO) common stock during the period between October 11, 1999 and December 21, 2001, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be obtained from The Emerson Firm.
The complaint charges Computerized Thermal Imaging, Inc. and certain of its officers and directors with issuing false and misleading statements concerning its business and financial condition. Specifically, the complaint alleges that CTI has admitted that during the Class Period, the Company's then-President and Chief Operating Officer, David Packer, consistently made material public misrepresentations regarding FDA approval of the Company's Breast Cancer Detection System. These statements had the effect of artificially raising the price of CTI stock so that investors who purchased CTI shares during the Class Period did so at inflated prices and were damaged thereby.
If you bought CTI common stock between October 11, 1999 and December 21, 2001, inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than July 9, 2002. If you are a member of this class, you can join this class action by contacting the Firm. Any member of the purported class may move the Court to serve as lead plaintiff through The Emerson Firm or other counsel of their choice.
The Emerson Firm has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Houston, Texas and Little Rock, Arkansas, but represents investors throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm.
The Emerson Firm
Investor Relations Department:
Tanya R. Autry
P.O. Box 25336
Little Rock, AR 72221-5336
Toll Free: 1-800-663-9817
E-mail: tanya.autry@worldnet.att.net
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca