LITTLE ROCK, Ark., June 9, 2003 (PRIMEZONE) -- Emerson Poynter LLP, a securities class action trial law firm, announced today that it filed a class action lawsuit in the United States District Court for the Northern District of Texas, Dallas Division, on behalf of purchasers of Daisytek International Corporation (Nasdaq:DZTK) ("Daisytek" or the "Company") publicly traded securities during the period between November 9, 2001 and April 28, 2003, inclusive (the "Class Period").
Other similar actions are filed in the Eastern District of Texas near the Company's headquarters, but based upon Disytek's recent bankruptcy filing Emerson Poynter LLP filed an action solely against certain officers and directors of the Company in federal court in Dallas. The complaint charges Daisytek and certain of its officers and directors with violations of the Securities Exchange Act of 1934. To that end, the complaint further alleges that the defendants were improperly accounting for uncollectible customer accounts receivables and vendor rebates receivables to inflate the Company's financial results and its stock price.
If you purchased Daisytek common stock between November 9, 2001 and April 28, 2003, inclusive, and you wish to serve as lead plaintiff, you must move the Court for such status. If you are a member of this class, you can join this class action by contacting Emerson Poynter. Any member of the purported class may move the Court to serve as lead plaintiff through Emerson Poynter or other counsel of their choice.
Emerson Poynter 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 toll free or e-mail the firm.
EMERSON POYNTER LLP
John G. Emerson
Scott E. Poynter
Investor Relations Department:
Ms. Tanya Autry
1509 Louisiana, Suites C & D
Little Rock, AR
Toll Free: 1-800-663-9817
shareholder@emersonfirm.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca