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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Fast Eddie who wrote (52028)	2/22/2000 8:26:00 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

Press release headline of the day Aurora Foods Charged with Cooking its Books NEW YORK, Feb. 22 /PRNewswire/ -- Pomerantz Haudek Block Grossman & Gross LLP (http://www.pomerantzlaw.com) is filing a class action suit against Aurora Foods, Inc. ("Aurora" or the "Company") (NYSE: AOR) and four of the Company's senior executives. The case is being filed in the United States District Court for the Northern District of California on behalf of all those who purchased the common stock of Aurora during the period between April 28, 1999 and February 18, 2000, inclusive (the "Class Period"). The Complaint charges that Aurora and its executives violated Sections 10(b) and 20 (a) of the Securities Exchange Act of 1934 by issuing a series of materially false and misleading statements during the Class Period as to the Company's financial performance for the first, second and third quarters of 1999. It is further alleged that the Company had improperly accounted for its operations by, among other things, failing to properly expense trade promotion costs. As a result, expenses were allegedly understated and thereby earnings were materially inflated in violation of Generally Accepted Accounting Principles ("GAAP"). On November 23, 1999, the Company stunned the market when it announced that its fourth quarter results would fall short of analysts' forecasts. Thereafter, on February 18, 2000, the market learned the true cause for the financial problems at Aurora when the Company disclosed that it would take a non-cash charge against 1999 earnings that would result in a "material reduction" and possibly a loss for the full year 1999. In addition, several of the Company's high-ranking executives, including its Chairman and Chief Executive Ian Wilson, resigned and Aurora's Board formed a committee to investigate the Company's accounting practices. The market reaction to the news was disastrous; the price of Aurora's common stock fell 50%. If you purchased Aurora common stock during the Class Period, you have until April 24, 2000 to ask the Court to appoint you as one of the lead plaintiffs for the Class. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions, please contact Andrew G. Tolan, Esq. of the Pomerantz firm at 888-476-6529 (or 888-4-POMLAW), toll free, or at agtolan@pomlaw.com by e-mail. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. The Pomerantz firm is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz firm pioneered the field of securities class actions. Today, over 50 years later, the Pomerantz firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. The Pomerantz firm's Senior Partner, Stanley M. Grossman, leads a team of legal professionals who litigate in courts throughout the United States. The Firm affiliates, as necessary, with other highly qualified counsel throughout the nation. Mr. Grossman, formerly president of the National Association of Securities and Commercial Attorneys, was recently invited to testify before the House Subcommittee on Courts and Intellectual Property concerning the Class Action Jurisdiction Act of 1998. Mr. Grossman aided congressional assistants in the drafting of this bill. CONTACT: Andrew G. Tolan, Esq., of Pomerantz Haudek Block Grossman & Gross LLP, 888-476-6529 (888-4-POMLAW), or agtolan@pomlaw.com. SOURCE Pomerantz Haudek Block Grossman & Gross LLP CO: Pomerantz Haudek Block Grossman & Gross LLP; Aurora Foods, Inc. ST: New York IN: FOD SU: LAW 02/22/2000 18:41 EST prnewswire.com