BALTIMORE, June 3, 2002 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who acquired Rayovac Corporation (NYSE:ROV) securities between April 26, 2001 and September 19, 2001, inclusive (the Class Period).
The case is pending in the United States District Court for the Western District of Wisconsin, against defendants Rayovac, Kenneth V. Biller, Kent J. Hussey, David A. Jones, Scott A. Schoen, Stephen P. Shanesy, Thomas R. Shepard, Randall J. Steward, Warren C. Smith, Jr. and Merrell M. Tomlin.
Throughout the Class Period, as alleged in the Complaint, defendants issued materially false and misleading statements, including a materially false and misleading Registration Statement and Prospectus (the "Prospectus") issued in connection with its Secondary Offering of shares to the public, regarding the demand for the Company's products and the Company's future prospects.
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 July 30, 2002 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 were a purchaser of the stock listed above during the period indicated 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.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca