BALTIMORE, July 26, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased the common stock of Central Freight Lines, Inc. (Nasdaq:CENF) ("Central Freight" or the "Company") issued in connection with or traceable to its December 12, 2003 Initial Public Offering.
The case is pending in the United States District Court for the Western District of Texas against defendant Central Freight and certain of its officers and/or directors.
The action charges that defendants violated federal securities laws by issuing a series of materially misleading and/or incomplete statements in the prospectus and/or registration statement for the initial public offering of the Company's shares to the public.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a member of the Class, you may move the court no later than August 24, 2004 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.
If you acquired shares of Central Freight in connection with or traceable to its December 12, 2003 Initial Public Offering or up to and including June 16, 2004 and want to discuss your legal rights, you may e-mail or call Law Offices Of Charles J. Piven, P.A. who will, without obligation or cost to you, attempt to answer your questions. Law Offices Of Charles J. Piven has been involved in securities litigation for over ten years. You may contact Law Offices Of Charles J. Piven, P.A. at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman@pivenlaw.com or by calling 410/986-0036. Other cases recently filed or under investigation by Law Offices Of Charles J. Piven, P.A. include Red Hat, Inc., The Shaw Group, Inc., Converium Holding AG, PetMed Express, Inc., Silhouette Brands, Inc., Ferro Corp., Quidel Corporation and The Stephen Company.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca