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DALLAS, Texas – There are only 12 more days until the October 11, 2005 deadline to file for appointment of Lead Plaintiff in the pending class action lawsuit against American Italian Pasta Company (NYSE:PLB)("AIPC" or the "Company"). If you purchased the securities of AIPC between October 4, 2000 and August 9, 2005, inclusive (the "Class Period"), you may contact Baron & Budd, P.C. to discuss your legal options.
On August 12, 2005, the first complaint was filed against AIPC alleging violations of the Federal securities laws. This suit arose from the Company's August 9, 2005 announcement that it was delaying the release of its financial results for the full fiscal year and for the third fiscal quarter ended July 1, 2005, and that the Company was also delaying the filing of its third quarter Form 10-Q with the Securities and Exchange Commission (SEC). In addition, the Company stated that its Audit Committee was conducting an internal investigation of certain accounting procedures and practices. Lastly, the Company also outlined impairment charges to the amount of $60.7 million and a SEC inquiry.
On this news, AIPC shares fell $7.66, or 36.58 percent, to close at $13.28 per share on volume of 4.7 million shares.
If you are a member of this class and would like to take action in this suit, you may visit Baron & Budd online. Information on your legal rights can be obtained by contacting the law firm of Baron & Budd, P.C.
About Baron & Budd, P.C.:
Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 80 attorneys and offices in Texas, Illinois, Ohio, Louisiana and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiffs’ bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia and lymphoma caused by benzene; and injuries caused by other toxic substances and pharmaceuticals. The firm also represents water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers. For more information about Baron & Budd, call 1-800-222-2766 or visit www.baronandbudd.com.