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To: esecurities(tm) who wrote (3054)	2/24/1999 12:13:00 PM
From: Roswell	Respond to of 4231

Esecurities, this should amuse you... Lernout & Hauspie is Charged With Overstating its Income in a Shareholder Class Action Filed By Berman DeValerio & Pease LLP PR News Wire via Dow Jones In Lernout & Hauspie is Charged With Overstating its Income in a Shareholder Class Action Filed By Berman DeValerio & Pease LLP, moved Monday, February 8 (repeated February 16), we are advised by the company that the release inadvertently stated that Lernout & Hauspie had announced that it would restate its 1998 financial results for its first, second and third fiscal quarters. Complete, corrected release follows: Lernout & Hauspie is Charged With Overstating Its Income in a Shareholder Class Action Filed by Berman DeValerio & Pease LLP BOSTON, Feb. 8 /PRNewswire/ -- A class action filed by Boston's Berman DeValerio & Pease LLP charges Lernout & Hauspie Speech Products (Nasdaq: LHSPF) with violating the federal securities laws by effectively overstating its income. The case was filed as a class action in the United States District Court for the District of Massachusetts on behalf of all investors who purchased the common stock of Lernout & Hauspie ("L&H") during the period February 3, 1998 through and including December 1, 1998 (the "Class Period") and who suffered losses on their investments. The action charges that L&H improperly accounted for certain expenses arising from acquisitions during the Class Period and as a result, L&H issued false and misleading financial statements to the public, thereby causing the price of its stock to be artificially inflated. L&H announced on December 1, 1998 that the SEC was reviewing its accounting methods for acquisitions since 1996, with twelve of its 23 acquisitions during this time period coming under scrutiny. In response, L&H stock, which had traded as high as $66 per share during the Class Period, had fallen to $33 per share by December 4, 1998 when the market absorbed the news. During the Class Period, while its income was materially overstated, certain of L&H's officers sold more than one half million of their L&H common stock and collected proceeds in excess of $23 million. If you purchased L&H common stock during the period February 3, 1998 through December 1, 1998 and suffered a loss on your investment, you may wish to contact the lawyers at Berman DeValerio to discuss your rights and interests: Norman Berman, Esq. Jeffrey C. Block, Esq. Donald F. Campbell, Jr., Chief Information Officer Berman, DeValerio & Pease LLP One Liberty Square, Boston, MA 02109 E-Mail: bdplaw@bermanesq.com. (800) 516-9926 In addition, under the Federal Securities Laws you may, but not later than March 20, 1999, move the court to serve as a representative plaintiff for the Class, if you so choose. To serve as a representative plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Berman DeValerio & Pease LLP to discuss your rights regarding the appointment of lead plaintiff. Berman, DeValerio & Pease LLP, the largest firm in New England which represents shareholders in securities class actions, has substantial experience in prosecuting accounting frauds. The firm has been appointed lead counsel in numerous actions involving companies issuing false financial information, has successfully litigated these actions and has been singled out for its excellence by many courts. For more information about Berman, DeValerio & Pease LLP, you may visit its website at www.bermanesq.com or call toll free at 800-516-9926. /CONTACT: Norman Berman, Esq. or Jeffrey C. Block, Esq., 800-516-9926/ 10:23 EST