LITTLE ROCK, Ark., July 21, 2004 (PRIMEZONE) -- On July 16th, 2004 Emerson Poynter LLP announced that a securities fraud class action lawsuit was filed in the United States District Court for the Southern District of Ohio on behalf of all persons who purchased the publicly traded securities of Cardinal Health, Inc. (NYSE:CAH) ("Cardinal" or "the Company") between October 24, 2000 and June 30, 2004, inclusive (the "Class Period"). Although not pled in the securities fraud class action complaint, employees and former employees of Cardinal may also have related claims if they participated in the Company's retirement plan.
Pursuant to the Private Securities Litigation Reform Act of 1995 ("PSLRA"), attorneys filing the securities fraud class action complaints are required to publicize the filing of such cases. Emerson Poynter LLP filed such a complaint and issued a press release consistent with the PSLRA. Since the publication of the case filing, Emerson Poynter LLP has been receiving calls from open market stock purchasers and others seeking information about the case. Both current and former employees of the Company who participate or have participated have similar claims that may be pursued in a related litigation based upon the Employee Retirement Income Security Act ("ERISA").
Emerson Poynter LLP has substantial experience representing plan participants in ERISA actions and investors in securities fraud class action lawsuits. The firm represents investors and retirement plan participants throughout the nation from its offices in Houston, Seattle, and Little Rock.
Under the PSLRA, open market purchasers of Cardinal common stock between October 24, 2000 and June 30, 2004, inclusive, are reminded that they may move the Court to serve as lead plaintiff of the securities fraud class action no later than August 31, 2004. To serve as lead plaintiff in the securities fraud class action, however, you must meet certain legal requirements. Participants in the Company's various profit sharing and retirement savings plans may also have claims that could be pursued in related litigation. For more information about your legal rights, please contact John G. Emerson or Scott E. Poynter of Emerson Poynter LLP.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca