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Physicians Resource Group, Inc. Receives Class Action Lawsuits
PR Newswire - December 30, 1997 16:26
PRG %HEA V%PRN P%PRN
DALLAS, Dec. 30 /PRNewswire/ -- Physicians Resource Group, Inc.
(NYSE: PRG) stated that as of December 29, 1997, two class action lawsuits had
been filed against the Company in addition to the previously reported suit on
December 18, 1997. One class action lawsuit was filed on December 23, 1997,
in the United States District Court for the Northern District of Texas on
behalf of all purchasers of Company common stock during the period of
September 15, 1997 to March 27, 1997, inclusive. The second class action
lawsuit was filed on December 29, 1997, in the United States District Court
for the Northern District of Texas on behalf of all purchasers of Company
common stock between June 17, 1997 and November 19, 1997, inclusive. The
Company has not reviewed the new allegations in detail but believes they are
unmeritorious. The Company will file a copy of the complaints as part of a
forthcoming Current Report on Form 8-K.
SOURCE Physicians Resource Group, Inc.
/CONTACT: Jonathan R. Bond, Senior Vice President of Physicians Resource
Group, 972-982-8200; or Robert P. Jones or Jill Ruja, or David Sassoon -media,
all of Morgen-Walke Associates, 212-850-5600, for Physicians Resource Group/
(PRG)
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