LITTLE ROCK, Ark., Feb. 12, 2001 (PRIMEZONE) -- The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class action has been filed in the United States District Court for the District of Kansas on behalf of purchasers of Atchison Casting Corp. ("Atchison" or the "Company") (NYSE:FDY) publicly traded securities during the period between January 8, 1998 and November 2, 2000 (the "Class Period").
The complaint charges Atchison and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Atchison manufactures highly engineered metal castings and forgings that are used in a wide variety of products, including cars and trucks, and gas, steam and hydroelectric turbines. The complaint alleges that on November 2 and 3, 2000, in a series of announcements, Atchison announced that (i) the CFO of its Pennsylvania plant had been terminated; and (ii) it was conducting a formal investigation into its revenue recognition practices in order to determine whether certain overstatements of its revenues were done "deliberate[ly]." Then on December 21, 2000, Atchison stated that its past 5 years of financial reports were false.
Cauley Geller Bowman & Coates, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you must meet certain requirements and take appropriate action by March 9, 2001. You are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com.
CAULEY GELLER BOWMAN & COATES, LLP Client Relations Department: Sue Null, Charlie Gastineau or Jackie Addision 11311 Arcade Drive, Suite 200 Toll Free: 1-888-551-9944 E-mail: info@classlawyer.com
For more information on this and other class actions, visit www.primezone.com/ca