LOS ANGELES, Oct. 8, 2004 (PRIMEZONE) -- Glancy Binkow & Goldberg LLP is pleased to announce that it has successfully defeated defendants' motions to dismiss plaintiffs' Amended Complaint, thereby permitting shareholder plaintiffs to pursue securities claims against Pennexx Foods, Inc. ("Pennexx") (Pink Sheets:PNNX) and Smithfield Foods, Inc., as well as former Pennexx officers and directors Michael Queen, Thomas McGreal, Joseph W. Luter, IV, and Michael H. Cole. Glancy Binkow & Goldberg LLP and Chimicles & Tikellis LLP were previously appointed Co-Lead Counsel in the Class Action lawsuit filed in the United States District Court for the Eastern District of Pennsylvania on behalf of shareholders. Each of these firms has significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.
If you are a shareholder and wish to discuss this action, receive a copy of the Amended Complaint, or have any questions or information concerning the class action lawsuit, this Notice, or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150, or Toll Free at (888) 773-9224, by e-mail to info@glancylaw.com, or visit our website at www.glancylaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.