PHILADELPHIA, Dec. 13, 2002 (PRIMEZONE) -- Please take note that December 30, 2002 is the deadline for persons who wish to seek appointment as lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors in NUI Corporation (NYSE:NUI) during the period November 8, 2001 through October 17, 2002, inclusive ("Class Period").
The action is pending before the Honorable Mary L. Cooper in the United States District Court, District of New Jersey, located at United States Courthouse, 50 Walnut Street, Newark, New Jersey 07101, against defendants NUI Corporation and John Kean, Jr.
The complaint charges NUI Corporation and John Kean, Jr. President, Chief Executive Director and a Director and member of the Executive Committee with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5, by issuing a series of materially false and misleading statements to the market during the Class Period concerning the failure to properly record its fixed cost expenses, accrue necessary pension expenses, and reserve adequate amounts for its self-insured medical benefits in its quarterly unaudited financial statements.
If you wish to discuss this action or have any questions concerning this Notice or rights or interests with respect to these matters,
PLEASE CONTACT: Law Offices Bernard M. Gross, P.C.
Deborah R. Gross, Esquire
Susan R. Gross, Esquire
1515 Locust Street, Second Floor
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