OKLAHOMA CITY, Aug. 24 /PRNewswire/ -- On August 5, 2004, the class action lawsuit was filed in the Southern District of Florida against Cross Country Healthcare, Inc. . The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of concealing the demand for the Company's services to the market which had the effect of artificially inflating the market price. The complaint further alleges Cross Country Healthcare, Inc. concealed from the investing public that the Company was experiencing problems with staffing orders for temporary nurses and orders were abruptly cancelled by hospitals, which if this information was disclosed to the investing public, would have a materially negative impact on the Company's stock price. The class period is from October 25, 2001 through August 6, 2002.
Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than sixty (60) days from August 5, 2004, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this suit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:
William B. Federman FEDERMAN & SHERWOOD 120 N. Robinson, Suite 2720 Oklahoma City, OK 73102 (405) 235-1560/FAX: (405) 239-2112 mailto:wfederman@aol.comhttp://www.federmanlaw.com/
Federman & SherwoodCONTACT: William B. Federman of Federman & Sherwood, +1-405-235-1560, orfax, +1-405-239-2112, or wfederman@aol.com
Web site: http://www.federmanlaw.com/
