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Strategies & Market Trends : PennCorp Financial PFG

PFG 89.38

-0.2%

Dec 26 9:30 AM EST

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To: T. Peirce Baker who wrote ()	10/1/1998 2:59:00 AM
From: Justice Reed	Read Replies (2) of 23

Purchasers 11/13/95-8/20/98 Penncorp Financial Group, Inc. PFG 11/13/95 - 8/20/98 On August 20, 1998 PennCorp belatedly disclosed that its asset values were dramatically inflated and that it would incur a $140 million charge against earnings. The company revealed that it was under investigation by the Securities and Exchange Commission for accounting irregularities. PennCorp's common stock, which had traded as high as $35-15/16 per share during the Class Period, closed at $1-3/4 per share on August 21, 1998, losing 51% of its value in a single day. The stock has not recovered. If you purchased PFG shares during the period 11/13/95-8/20/98, you are a member of a class of injured shareholders. If you have information which would help us prosecute Penncorp Financial Group, Inc., please contact us at mail@schubert-reed.com. If you want more information about PFG or class action lawsuits, please review our web site at schubert-reed.com.

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