NEW YORK, Oct. 28, 2003 (PRIMEZONE) -- Wolf Popper LLP has filed a class action securities lawsuit with the United States District Court for the Northern District of Ohio on behalf of purchasers of The Goodyear Tire & Rubber Company ("Goodyear") (NYSE:GT) publicly traded common stock during the period between February 2, 1999 and October 22, 2003 (the "Class" and "Class Period," respectively). The complaint charges Goodyear and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Goodyear is an Ohio corporation headquartered in Akron, Ohio, which manufactures tires and rubber products.
On October 22, 2003, Goodyear announced that its 1998-2002 results would be restated to eliminate revenue that had been improperly recorded. Goodyear said it detected the errors while reviewing its "ERP-impacted balance-sheet accounts." ERP is a computerized accounting system adopted by the Company in 1999. The plaintiff seeks to recover damages on behalf of all purchasers of Goodyear publicly traded securities during the Class Period.
Class members who desire to be appointed lead plaintiff in this action must file a motion with the court no later than December 22, 2003. If you purchased Goodyear common stock within the Class Period, are interested in serving as a lead plaintiff in this action, or have any questions concerning this Notice or your rights as a potential Class member, you may call or write:
Wolf Popper LLP Robert C. Finkel, Esq. 845 Third Avenue New York, NY 10022 Tel.: 212.759.4600 or 877.370.7703 (toll free) Fax: 212.486.2093 or 877.370.7704 (toll free) Email: irrep@wolfpopper.com website: www.wolfpopper.com