Pomerantz Haudek Block Grossman & Gross LLP: Corrective Release Regarding Lawsuit Against Credit Suisse First Boston Relating to Analyst Reports Concerning NewPower Holdings -- NWPW


NEW YORK, May 27, 2003 (PRIMEZONE) -- A class action lawsuit on behalf of purchasers of stock in NewPower Holdings, Inc. ("NewPower" or the "Company") (Pink Sheets:NWPW) during the period from October 5, 2000 through December 5, 2001, inclusive was previously commenced in the United States District Court for the Southern District of New York against, among others, Credit Suisse First Boston LLC, f/k/a Credit Suisse First Boston Corporation, and its Senior Energy Group Analyst Curt Launer, Civil Action No. 03 CV 3744. Lead Plaintiff has already been appointed in the case. Thus, you should ignore the notice that was issued on May 23, 2003 regarding the pendency of a new lawsuit asserting similar claims.

If you have any questions regarding this, please contact Andrew Tolan, Esq, at 888-476-6529 ((888) 4-POMLAW) or agtolan@pomlaw.com or Schiffrin & Barroway at 610-667-7706.

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca



            

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