LITTLE ROCK, Ark., March 8, 2002 (PRIMEZONE) -- Cauley Geller Bowman & Coates, LLP announced today that it has expanded its investigation into the allegations set forth in the class action Complaint filed last week on behalf of investors in NewPower Holdings, Inc. ("NewPower" or "the Company") (NYSE:NPW) common stock. The expanded investigation includes issues pertaining to certain energy pricing contracts in the PJM Interconnection region, NewPower's relationships with certain strategic partners, and investment banker and underwriter conflicts of interests.
Cauley Geller Bowman & Coates, LLP, in conjunction with its co-counsel Abraham & Paskowitz, has also formally communicated a request to NewPower Holdings, through its counsel, that no documents be discarded or destroyed that will be potentially important to this action, including e-mail files, and tape and video recordings.
If you purchased NewPower common stock between October 5, 2000 and December 5, 2001, inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than April 29, 2002. If you are a member of this class, you can join this class action online at http://www.classlawyer.com/sign_up.html. Any member of the purported class may move the Court to serve as lead plaintiff through Cauley Geller Bowman & Coates, LLP or other counsel of their choice, or may choose to do nothing and remain an absent class member.
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 and Arkansas, but represents investors 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 are encouraged to call or e-mail the Firm or visit the Firm's Website at www.classlawyer.com.
CAULEY GELLER BOWMAN & COATES, LLP Investor Relations Department: Jackie Addison, Sue Null or Shelly Nicholson P.O. Box 25438 Little Rock, AR 72221-5438 Toll Free: 1-888-551-9944 E-mail: info@classlawyer.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca