PHILADELPHIA, Oct. 28, 2003 (PRIMEZONE) -- Law Offices Bernard M. Gross, P.C. (http://www.bernardmgross.com) announces that a class action lawsuit was commenced in the United States District Court for the Northern District of Ohio on behalf of all persons who purchased the securities of The Goodyear Tire & Rubber Company ("Goodyear") (NYSE:GT) between October 23, 1998 and October 22, 2003 (the "Class Period") seeking remedies under the Securities Exchange Act of 1934.
On October 22, 2003, Goodyear announced that its 1998-2002 results had to be restated to eliminate over $100 million in revenue that had been improperly recorded. Goodyear said it detected the errors while reviewing "various accounts, including ERP-impacted balance-sheet accounts." ERP is the computerized accounting system adopted by the Company in 1999. The Company said those accounts were principally in its North American tire and Engineered Products businesses.
If you wish to serve as lead plaintiff, you must move the Court no later than December 22, 2003. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Deborah R. Gross or Susan R. Gross of Law Offices Bernard M. Gross at 866-561-36600(toll-free) or via e-mail at susang@bernardmgross.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.bernardmgross.com. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Plaintiff seeks to recover damages on behalf of Class members and is represented by Law Offices Bernard M. Gross, P.C. which has significant experience and expertise in prosecuting class actions.
If you purchased the securities of Goodyear (NYSE:GT) during the period between October 23, 1998 and October 22, 2003, and sustained damages, you may no later than December 22, 2003 move the Court to serve as lead plaintiff of the Class, if you so choose.
PLEASE CONTACT: Law Offices Bernard M. Gross, P.C. Susan R. Gross, Esq. Deborah R. Gross, Esq. 1515 Locust Street, Suite 200 Philadelphia, PA 19102 Telephone: 866-561-3600 (toll free) or 215-561-3600 E-mail: susang@bernardmgross.com or debbie@bernardmgross.com. Website: http://www.bernardmgross.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca