CAR_Public/020222.mbx                C L A S S   A C T I O N   R E P O R T E R
  
               Friday, February 22, 2002, Vol. 4, No. 38

                            Headlines

AETNA LIFE: Sued For Unlawful Insurance Sales Practices in M.D. Florida
ALABAMA: Police Department Denies Racial Bias Suit Accusations
ALLEGHENY HEALTH: Court Approves Settlement of Health Care Lawsuit
ALPHA INTERNATIONAL: Recalls 75T Pedal Cars For Lead Poisoning Risk
ANSETT AIRLINES: Former Customers Proceeding With Frequent Flyer Suit

AT&T CORPORATION: Customers Sue Over Connectivity Charges in California
CHICAGO HOUSING: CHA Settles For Suit Over Lead Poisoning $1.2 M
CITIZENS INC.: Faces Suit For Violations of Texas Trade Practices Laws
CUBA DETAINEES: Families of Australian, Brit Detainees Commence Suit
HMO LITIGATION: Court Limits Racketeering Charges V. Six Companies

LIFE INSURANCE: $55M Settlement Reached In Race-Based Premiums Suit
RANDOM HOUSE: Recalls 39T Monsters, Inc. Books For Choking Hazard
TRI-STATE CREMATORY: Faces Suit After Dumping Corpses in Its Premises
UNILEVER HOME: Recalls 4M Plush Snuggle Bears For Choking Hazard

                        Securities Fraud

ARTHUR ANDERSEN: Enron-Related Settlement Figures Could Reach $600M
COMCAST CORPORATION: Faces Suit Challenging AT&T Acquisition in NY
ELAN CORPORATION: Berman DeValerio Lodges Securities Suit in N.D. GA
ENRON CORPORATION: Congress To Probe Wall Street Firms Role in Collapse
ENRON CORPORATION: Florida Considers Withdrawing From State 401(k) Suit

ENRON CORPORATION: Court Lifts Stay on 401(k) Suits, To Set Trial Date
GLOBAL CROSSING: Berman DeValerio Commences Securities Suit in S.D. NY
GLOBAL CROSSING: Cauley Geller Commences Securities Suit in W.D. NY
HANOVER COMPRESSOR: Schiffrin Barroway Files Securities Suit in S.D. TX
HANOVER COMPRESSOR: Cohen Milstein Commences Securities Suit in S.D. TX

HUB GROUP: Charles Piven Commences Securities Suit in N.D. Illinois
HUB GROUP: Milberg Weiss Commences Securities Suit in N.D. Illinois
IRVINE SENSORS: Weiss Yourman Commences Securities Suit in C.D. CA
JENNY CRAIG: Shareholders File Suit Opposing ACI Capital Merger in DE
JP MORGAN: Kirby McInerney Commences Securities Suit in S.D. New York

NVIDIA CORPORATION: Schiffrin Barroway Files Securities Suit in N.D. CA
NVIDIA CORPORATION: Charles Piven Commences Securities Suit in N.D. CA
PNC FINANCIAL: Berman DeValerio Commences Securities Suit in W.D. PA
SPORT-HALEY CORPORATION: Motion To Dismiss Securities Suit Pending
WILLIAMS COMPANIES: Brian Barry Commences Securities Suit in N.D. OK

WILLIAMS COMPANIES: Zwerling Schachter Lodges Securities Suit in OK
                              
                            *********

AETNA LIFE: Sued For Unlawful Insurance Sales Practices in M.D. Florida
-----------------------------------------------------------------------
Aetna Life Insurance and Annuity Company faces a class action filed in
the United States District Court for the Middle District of Florida,
alleging that the Company engaged in unfair sales practices.

Plaintiffs Helen Reese, Richard Reese, Villere Bergeron and Allan
Eckert filed the suit, seeking compensatory and punitive damages and
injunctive relief.  The suit charges the Company with engaging in
unlawful sales practices in marketing life insurance policies.

The Company moved to dismiss the suit for failure to state a claim upon
which relief can be granted. Certain discovery is underway. The Company
intends to defend the action vigorously.  The Company is confident that
the suit will not result in material liability to the financial
condition of the Company.


ALABAMA: Police Department Denies Racial Bias Suit Accusations
--------------------------------------------------------------
The Alabaster Police Department vehemently denied allegations of racial
profiling in a pending $25 million federal lawsuit against former
police chief Larry Rollan and current Chief Stanley Oliver, the Shelby
County Reporter states.

The suit, filed by Alabaster resident Kevin Mixon, alleges the
department arrested blacks and Hispanics solely on the basis of their
race and ethnicity.  Mr. Mixon was arrested one year ago for public
intoxication, but the charges were later dropped.  Mr. Mixon did not
file a complaint against the department.

Former police chief Rollan denied the accusations, telling the
Reporter, "Though I can't speak to the last nine months I can say that
racial profiling was never done, allowed or tolerated during my 29-year
tenure with the Alabaster Police Department."  

A probe conducted by the Alabama Bureau of Investigation last fall
failed to find evidence of police misconduct in matters unrelated to
the alleged racial profiling.  Mayor David Frings' has also asked the
Federal Bureau of Investigation to look into the complaints.

Members of the City Council said they have not seen the suit, the
Reporter states.  In a Council meeting Monday night, Councilman Mike
Sherwood read a personal statement thanking the City's police officers
and Oliver for their continued service in the face of accusations he
said were causing "unnecessary alarm and concern" among residents.

"Such attempts to extort money from our city and our citizens will not
go uncontested," Sherwood said, adding that he thought it telling that
the lawsuit "took over a year to construct."

The Reporter states that the arrest statistics released by Mayor Frings
last week showed that the Alabaster police have arrested 133 black
males since February 2001, compared to 239 white males.  The report
went on to break down arrests for black females (39) and white females
(67), Hispanic males (38) and Hispanic females (1) and one Asian.


ALLEGHENY HEALTH: Court Approves Settlement of Health Care Lawsuit
------------------------------------------------------------------
Pittsburgh Judge Ronald L. Buckwalter granted preliminary approval to
the settlement of a lawsuit between a class of physicians and research
scientists and certain former officers and trustees of AHERF (Allegheny
Health Education and Research Foundation).

The settlement is part of the resolution of a massive coordinated
litigation, including lawsuits filed by creditors, the Pennsylvania
Attorney General and hundreds of charitable endowments. After notice of
the settlement is sent to the class, the Court will hold a final
approval hearing on the settlement on April 8, 2002.

AHERF is the now-defunct Pittsburgh-based health care provider that
included MCP Hahnemann University Medical School and Hahnemann
Hospital. AHERF filed for bankruptcy protection in July 1998 leaving in
its wake the question of the survival of the medical school, nine
hospitals and the impact on the over 300 physicians' practices owned by
AHERF.

Drs. Stanley Spitzer and Daniel Mason, both long-time Hahnemann
cardiologists, Dr. Jerrold Schwaber, a MCP Hahnemann University
professor, and Dr. Donald Fox, a medical practitioner for 40 years in
Southwest Philadelphia, filed the lawsuit.  

Dr. Spitzer stated, "When I filed this lawsuit, no other actions had
been filed against the former officers and trustees of AHERF. It was my
intention to bring the possibility of claims against these defendants
to the attention of other potential litigants and the appropriate
governmental authorities. This goal has been accomplished as
demonstrated by the $4,750,000 recovery for doctors and researchers in
our Class Action. We are also very pleased that almost $30 million is
being returned to the institutional endowment funds through the
litigation in Pittsburgh."

Nicholas E. Chimicles and Denise Davis Schwartzman of the Haverford law
firm of Chimicles & Tikellis LP served as Lead Counsel for the
plaintiffs. Ms. Schwartzman said, "We are very happy with the result.
The legal problems we faced in this lawsuit clearly took a backseat to
the economic problems, as there was just not enough money to go around
to compensate all of the injured parties. We are particularly pleased
that the physicians and medical school faculty in the Delaware Valley
have been included in the AHERF litigation."

For more information, contact Eileen Rosenau or Denise Schwartzman by
Phone: 215-735-5512 or 610-642-8500.


ALPHA INTERNATIONAL: Recalls 75T Pedal Cars For Lead Poisoning Risk
-------------------------------------------------------------------
Alpha International, Inc. is cooperating with the US Consumer Product
Safety Commission by voluntarily recalling about 75,000 pedal cars. The
paint coating on some of these pedal cars contains high lead levels.
CPSC standards ban toys and other children's products containing high
levels of lead. Young children could ingest the lead from the car's
paint coating, a lead poisoning hazard.  The Company has not received
any reports of injuries involving these pedal cars. This recall is
being conducted to prevent the possibility of injury.
        
There are 17 models of the pedal cars included in the recall.
Models include three fire trucks, four police cars, eight sedans, one
yellow taxi, and one dump truck.  For fire trucks, the model names are:

     (1) "Fire Truck,"

     (2) "John Deere" and

     (3) "Texaco"

For police cars, the model names are:

     (i) "NYPD,"

    (ii) "Chicago Police,"

   (iii) "Highway Patrol" and

    (iv) "EMERGENCY 911"

For sedans, the names are:

     (a) pink "Champion,"

     (b) blue "Champion,"

     (c) "Texaco,"

     (d) "John Deere,"

     (e) "Citgo,"

     (f) "Raley's Coca-Cola,"

     (g) "Raley's Keebler," and

     (h) "Red Lion"

All of the pedal cars are made of metal and come in a variety of
colors. Most of the cars have a "Gearbox" logo on the seat back, the
hubcaps, and/or the pedals. The pedal cars were manufactured in Korea.  
        
The two "Raley's" cars were sold exclusively at Raley's supermarkets
from July 2000 through December 2000. Department, toy, and
specialty/collectible stores sold all of the other pedal cars from
November 1999 through January 2002 for between $100 and $500.
        
For more information, contact Alpha International by Phone:
800-368-6367 between 9 am and 5 pm CT Monday through Friday to receive
a replacement car or return the products to the place where purchased
to receive a full refund.  


ANSETT AIRLINES: Former Customers Proceeding With Frequent Flyer Suit
---------------------------------------------------------------------
Disgruntled former Ansett Airlines frequent flyers have pledged to
continue their class action to have their points reinstated through
more class action against the Australian airline's administrators, Asia
Pulse reported recently.

The 2.7 million former frequent flyer members, who lost 67 billion
points under the old program when the airline collapsed were left out
of the customer layalty program announced recently by the airline's new
owner, Tesna.  Under the new program, Tesna Ansett frequent flyers
would receive a one-for-one free-flight offer for future flights, but
points accumulated under the old Ansett would not be rewarded.

Global Rewards Action Group (GRAG) spokesman Jon Caneva said one last
attempt would be made to convince Ansett's administrators to revalue
their points.  "If they are not prepared to assess them on their true
value, then we will be going to the Federal Court," Mr. Caneva told ABC
radio in Melbourne.  Mr. Caneva said they had about 1,000 people signed
up to the class action already, some of whom have millions of points
owing.

Mr. Caneva said that GRAG had offered a proposal to the administrators
that would deliver benefits to all parties, but it was rejected.  He
said the proposal included awarding the points at face value, in return
for the travellers paying a booking fee of between $25 and $50 to
redeem them.  "That would put funds in their system, and give us the
chance to use our points," he said.  "The total amount of the 70
billion points at $25 would be in excess of $89 million, so that would
put some considerable funds into their pockets immediately."  However,
the administrators said the proposal was not viable, according to Mr.
Caneva, because a program already was in place.

Melbourne businessman Andrew Abercrombie has accumulated four million
points over the past five years, which he estimates are worth hundreds
of thousands of dollars.  Mr. Abercrombie is part of the class action
and vows never to fly Ansett again.  "There is absolutely no doubt that
we have grounds for such action," he told ABC radio.


AT&T CORPORATION: Customers Sue Over Connectivity Charges in California
-----------------------------------------------------------------------
AT&T Corporation faces a national class action filed in Federal
District Court in Los Angeles, California on behalf of the Company's
approximately 60 million residential long distance customers, arising
from its Universal Connectivity Charge assessed monthly against its
residential long distance customers.

The Company claims that this charge is for the purpose of recouping
from its customers its required contribution to the federally mandated
Universal Service Fund, which sponsors various programs including
providing telephone discounts to low income citizens and helping to
provide affordable telecommunications services to residents of rural
areas.

The lawsuit alleges, however, that while the Federal Communications
Commission currently requires telecommunications carriers like the
Company to contribute only 6.808% of their long distance revenues to
the Universal Service Fund, the Company is charging its residential
long distance customers through the Universal Connectivity Charge an
amount equal to 11.5% of their long distance charges, an amount
significantly in excess of what it actually contributes to the
Universal Service Fund.

The lawsuit alleges that the Company retains for itself the significant
revenues generated in excess of what it actually contributes to the
Universal Service Fund. Thus, the complaint alleges that through the
manipulation of its Universal Connectivity Charge, the Company is
secretly pocketing an amount equivalent to almost 5% of its 60 million
residential customers' long distance charges, under the false guise of
recovering its contribution to the Universal Service Fund.

The suit further alleges that the Company unlawfully conceals this
significant hidden charge within the so-called Universal Connectivity
Charge from its customers, the states and regulators. The lawsuit notes
that notices sent to customers, the Company's website and its 800
number all claim that the Universal Connectivity Charge serves simply
to enable it to recover its expenses for the Universal Service Fund.

Beyond constituting a huge secret profit center for the Company, the
lawsuit further alleges that its manipulation of the Universal
Connectivity Charge gives it an unfair advantage in the highly
competitive long distance market. Long distance carriers compete to
offer the lowest per minute rates, and hundreds of thousands of
customers switch companies every year to save one or two cents per
minute, or even fractions thereof.

By hiding revenue in the Universal Connectivity Charge, the Company is
able to advertise lower per minute long distance rates than it is
effectively charging.

The lawsuit alleges causes of action for violations of the Federal
Communications Act, the California Unfair Competition Law, the
California Consumer Remedies Act and for fraud.

For more information, contact Marc Stanley of Stanley, Mandel & Iola,
LLP by Phone: 214-443-4300 or Matthew Rossman or Andrew Kerstead of the
Law Office of Andrew S. Kierstead, by Phone: 508-224-6246




CHICAGO HOUSING: CHA Settles For Suit Over Lead Poisoning $1.2 M
----------------------------------------------------------------
The Chicago Housing Authority set up a $1.2 million fund to settle a
class action filed by parents of 12,000 children who might have lived
in apartments provided by the authority which were painted with lead-
based paint.

The suit alleges that Chicago children whose parents rented private
apartments using housing vouchers beginning in 1987 may have been
exposed to lead paint, which can stunt brain development in young
children and cause blood, kidney and other health problems, according
to the Chicago Tribune.

The suit charged the Chicago Housing Authority and CHAC Inc., the
contractor that has run Chicago's federal housing voucher program since
1995, with failing to follow federal lead-exposure regulations, which
required that:

     (1) all apartments considered for rental using vouchers to be
         inspected for lead;

     (2) any lead paint be removed or covered over if the family    
         renting the unit has a child age 6 or under; and

     (3) the tenants be warned of hazards of lead paint.

Gail Neimann, the authority's legal counsel told the Tribune that the
CHA was complying with the regulations, but is pushing forward with the
settlement.

Under the settlement, around 12,000 children/class members can avail of
free lead testing.  Ms. Niemann adds that any child who shows elevated
levels of lead in the blood will receive follow-up neurological
testing.  The CHA Board has also approved an $892,500 payment into the
fund to settle the suit.

The CHA is also working on a 10-year redevelopment plan, which includes
the tearing down of all CHA high-rises.  The CHA demolished about 500
fewer apartments than expected last year, 2,293 instead of 2,807,
because tenants and housing advocates objected to the process by which
residents were being relocated, and demolition was stopped, the Chicago
Tribune states.


CITIZENS INC.: Faces Suit For Violations of Texas Trade Practices Laws
----------------------------------------------------------------------
The Travis County, Texas State Court has yet to decide on motions for
summary judgment and class certification in the lawsuit filed against
insurance firm Citizens, Inc., alleging violations of Texas Blue Sky
laws.  The suit also names as defendants:

     (1) Citizens Insurance Company of America,

     (2) Negocios Savoy, SA,

     (3) Harold E. Riley, and

     (4) Mark A. Oliver

The suit, filed on behalf of all persons who made premium payments
who are not residents of the United States, alleges that the Company's
policies are unregistered securities in violation of the Texas Blue Sky
laws. In addition, the other plaintiffs made individual claims
primarily under the Texas Deceptive Trade Practices Act (DTPA). The
DTPA claims relate to limitations and exclusions stated in the
policies, excessive surrender charges stated in the policies, and the
amount of premiums charged.

The individual claimants also claim breach of contract (failure to
provide the insurance as represented, not alleged but stated), fraud in
the inducement, negligent misrepresentation, breach of duty of good
faith and fair dealing.

The plaintiffs have filed a motion for class certification, which the
defendants opposed saying the suit is not properly certifiable.  
Additionally, a motion for summary judgment has been filed by
defendants on the issue of whether insurance policies issued to members
of the putative class are unregistered securities in violation of the
Texas Blue Sky laws.  The Court has yet to decide on these motions.


CUBA DETAINEES:  Families of Australian, Brit Detainees Commence Suit
---------------------------------------------------------------------
The families of an Australian and two Britons who were detained by US
forces in Guantanamo Bay, Cuba commenced a lawsuit against the US
government in the US District Court in Washington, alleging that their
indefinite detention without trial violates the US Constitution,
according to a Reuters report.

The US forces detained Australian David Hicks and Britons Asif Iqbal
and Shafiq Rasul at an open-air prison in Cuba, along with 300 other
detainees, after the September 11 attacks on the World Trade Center.
According to Reuters, the men have not had access to lawyers or made
any appearance in front of a civilian or military tribunal since they
were taken into custody.  They have also not been charged with any
offense.

The suit, filed on behalf of the detainees' families, alleges the
detention violated both the Constitution and international law, and
seeks a writ of habeas corpus for the detainees.  Lawyers for the three
men have asserted their clients were not terrorists or "enemy aliens."

Joseph Marguiles, lawyer for Mr. Hicks, told Reuters "There are few
principles more firmly established in our law than the prohibition
against arbitrary, indefinite detention."  He adds, "The President of
the United States and the executive branch simply cannot hold a person
for the rest of his life without legal process, without judicial
review, without being charged and without counsel, particularly when
the possible outcome was the imposition of the death penalty."

Clive Stafford-Smith, lawyer for the two Britons, says his clients
should get the same legal rights as US Taliban fighter John Walker
Lindh who is being tried in the United States after being captured in
Afghanistan.  He told Reuters, "We are asking that citizens of the
United States' closest ally receive the same treatment as Americans."

The US Justice Department did not release any comment on the case, as
it is still seeking details on the suit.


HMO LITIGATION: Court Limits Racketeering Charges V. Six Companies
------------------------------------------------------------------
Federal Judge Federico Moreno limited the scope a nationwide class
action filed against six of the nation's largest managed care
companies, namely Aetna, CIGNA, Health Net, Humana, Prudential, and
United.

Judge Moreno dropped racketeering claims by patients in California,
Florida, New Jersey and Virginia because those states don't recognize
individual claims of insurance fraud, but allowed patients in other
states to keep that allegation, according to an Associated Press
report.  He also said most patients are not allowed to sue over rulings
by insurance companies that their treatments weren't medically
necessary, saying there are private mediation procedures for handling
such complaints.

Both parties in the suit welcomed the decision.  Attorneys for the
plaintiffs said the decision allowed racketeering claims from 46 states
as well as a challenge to rules that keep physicians from disclosing
health plan financial arrangements to patients.  Attorney Steve Zack
told AP, "This is a very, very significant step.The decision is very
positive because it allowed the core issues of the case to go forward
and be litigated."  Industry spokeswoman Stephanie Kanwit also welcomed
the decision, saying it threw out large portions of the suits.

The Judge ordered patients' attorneys to file a new version of the
lawsuit by March 20. He has yet to decide whether the claims meet tough
federal standards for class action status allowing patients to sue as a
group.


LIFE INSURANCE: $55M Settlement Reached In Race-Based Premiums Suit
-------------------------------------------------------------------
Life Insurance Company of Georgia will settle for $55 million a class
action charging it and subsidiary Southland Life Insurance Company of
charging blacks higher premiums for life insurance policies for over 30
years.

According to an Associated Press report, State investigators discovered
that the Company charged African-Americans up to 35% more than whites
for the same or similar coverage from the 1950s through the 1970s.  
These policies, labeled "industrial life insurance," were sold mostly
door-to-door in the South to poor blacks, often to cover burial
expenses, and usually paid out no more than several hundred dollars.

Under the settlement, the Company will refund $51 million on
approximately 2.5 million policies sold mainly in 12 Southern states.  
Additionally, the Company will also pay a $4 million fine that will be
divided among all 50 states.  Black policyholders who paid higher rates
before 1966 will also receive the difference between their premiums and
those of white customers. Customers in later years would receive at
least 70 percent of the premium difference, according to an AP report.

In a statement, parent Company ING Group said, "Many years ago, it was
common in the industry to base premiums on the disparity in life
expectancy of different races. Life of Georgia and ING deeply regret
the practice.Such practices are completely inconsistent with our
current values and standards."

The US District Court for Nashville, Tennessee has yet to approve the
settlement.


RANDOM HOUSE: Recalls 39T Monsters, Inc. Books For Choking Hazard
-----------------------------------------------------------------
Random House, Inc. is cooperating with the US Consumer Product Safety
Commission (CPSC) by voluntarily recalling about 39,000 copies of
Monsters In The Closet children's board books. The snap that secures
the book could detach, posing a choking hazard to young children.  CPSC
and the Company have not received any reports of injuries involving
this book. This recall is being conducted to prevent the possibility of
injuries.
        
The board books are constructed of heavy cardboard with Monsters Inc.
cartoon characters on each page. The title "MONSTERS IN THE CLOSET"
is printed with orange letters highlighted in yellow on the front cover
of the books. The books have a hole at the top of the back cover to
allow them to hang on a door knob. The books have been printed in
English and Spanish languages.  "Made in China" is printed on the back
of the book.
        
Book, specialty stores and online retailers sold these books nationwide
from October 2001 through January 2002 for about $8.
        
Consumers should cut off the snap from these books immediately and
contact Tri-State c/o Marie Corsello by Mail: 325 Rabro Drive,
Hauppauge, NY 11788 to receive a free replacement book valued at about
$9, or contact the Company by Phone: 800-493-0009 between 9 am and 5 pm
ET Monday through Friday, or visit the firm's Web site:
http://www.randomhouse.com.


TRI-STATE CREMATORY: Faces Suit After Dumping Corpses in Its Premises
---------------------------------------------------------------------
The Tri-State Crematory faces a possible class action suit after State
investigators discovered discarded corpses on its premises, which were
supposedly given to operator Ray Brent Marsh for cremation, the
Associated Press reports.

Investigators believe they have recovered around 300 bodies, have
counted 191, and 29 of them have been positively identified.  This
week, investigators worked double time to recover discarded corpses in
six new vaults on the crematory grounds.  

Authorities have arrested Mr. Marsh, 28, on 16 counts of theft by
deception for allegedly taking payment for cremations he didn't intend
to perform.  However, they have not determined who else may be
responsible for dumping the bodies.  AP reports that Mr. Marsh took
over the business from his parents, Clara and Ray Marsh, but
authorities say some of the corpses appeared to have been on the
property for 15 years or more.  Mr. Marsh has said that he didn't
cremate the bodies because the incinerator was not working.

Outraged relatives of the victims have already filed two fraud suits
against the crematory and one of the funeral homes that sent bodies
there. An attorney in one of the cases said he was seeking class-action
status for the lawsuit, which accuses the funeral home and crematory of
negligent or intentional mishandling of corpses.


UNILEVER HOME:  Recalls 4M Plush Snuggle Bears For Choking Hazard
-----------------------------------------------------------------
Unilever Home and Personal Care USA is cooperating with the US Consumer
Product Safety Commission (CPSC) by voluntarily recalling about 4
million plush Snuggler bears.  The eyes and noses of these bears can
come off, posing a choking hazard to young children.  
        
The Company has received 32 reports of the eyes and noses coming off of
these bears.  In three of these reports, children placed detached eyes
from these bears in their mouths. No injuries were reported.
        
The plush, cream-colored bears come in three sizes: a 5-inch bean
bear, an 8-inch bean bear and a 10-inch stuffed bear. The 5-inch bears
come in four styles: Pajama Bear wears blue, one-piece pajamas with a
yellow moon and star design; Nightcap Bear wears a blue nightcap with a
yellow moon and star design; Purple Blanket Bear holds a purple
blanket; Pink Blanket Bear holds a pink blanket. The 8-inch bean bear
is made of terry or plush fabric. The 10-inch plain stuffed bear is in
a sitting position and has tan paws and ears. All the bears have tags
that read "Snuggler" and "Made in China."
        
Grocery and discount department stores nationwide sold the Snuggle
fabric softener that included the 5-inch and 8-inch bears between May
1999 and July 2001. The Pajama and Nightcap 5-inch bears also were
given away to consumers who sent in two proofs of purchase for Snuggle
fabric softener between November 2001 and December 2001. The 10-inch
bears were distributed from May 1997 through May 1998 to consumers who
sent in a proof of purchase for Snuggle fabric softener and up to $4.
        
For more information, contact the Company by Phone: 800-896-9479 or
visit its Web site: http://www.Snuggletime.com.


                           Securities Fraud

ARTHUR ANDERSEN: Enron-Related Settlement Figures Could Reach $600M
-------------------------------------------------------------------
Controversial auditing firm Arthur Andersen, LLP wants to settle the
fraud claims brought against them in a class action suit filed by
stockholders of Enron Corporation, for the firm's role in the energy
trader's collapse.

The firm has floated early settlement figures of around $260 million to
resolve the claims, according to people close to the negotiations.  The
firm's law firms Davis Polk & Wardwell and Rusty Hardin & Associates
told the plaintiffs' lawyers that the accounting firm is worried that
the Enron scandal could put it out of business, according to a USA
Today report.

The firm reportedly is willing to pay $260 million in corporate
insurance, plus an undisclosed amount in Company assets, says a legal
source familiar with the discussions.  USA Today also reports that
people close to the matter are saying that an additional $350 million
could come from liability insurance that covers Enron executives and
Board directors.  Lawyers and officials for the firm, however, have not
offered any insight.

Milberg Weiss Bershad Hynes & Lerach, the law firm that dominates
securities-fraud litigation and is lead counsel on the Enron class
action, declined to comment on the settlement talks. However, legal
insiders believe Milberg Weiss Bershad Hynes and Lerach will go ahead
with the suit and does not desire to settle early.


COMCAST CORPORATION: Faces Suit Challenging AT&T Acquisition in NY
------------------------------------------------------------------
Comcast Corporation faces a lawsuit from investors filed in New York
Supreme Court, challenging the Company's $42 billion acquisition of
AT&T Broadband, alleging some terms of the merger violated Pennsylvania
laws.  Law firm Wechsler, Harwood, Halebian and Feffer LLP commenced
the suit on behalf of AT&T shareholder Norman Salsitz and Comcast
shareholder Michael Grening.

The Company announced in December that it was acquiring AT&T in a
transaction valued at $72 billion at that time.  In line with this, the
two companies filed a preliminary proxy early this month which
contained several provisions they said were "atypical" for a large
publicly traded company.  According to The Deal.com, the proxy provides
that:

     (1) there would be a three-year initial term for the Company's
         board or directors;

     (2) chairman Michael Armstrong and CEO Brian L. Roberts
         effectively could not be removed from their posts prior to the
         2005 annual meeting;

     (3) both companies would not hold annual meetings prior to 2005
         and only after 2005 would shareholders be able to elect
         directors annually; and

     (4) no one could buy more than 10% of AT&T Comcast stock without
         board approval.

These provisions allegedly would shield Comcast from a hostile
takeover.  However, the suit alleges that these provisions violated
Pennsylvania law.  The suit asserts that the law bars companies from
installing an entire Board of Directors for a three-year term, and
specifies that investors must elect directors annually.  

James G. Flynn, a partner at Wechsler Harwood told TheDeal.com that his
clients want the Companies to drop the three-year delay in electing
directors. If they refuse, investors may ask the court to block the
merger, Mr. Flynn said.  "The companies want to insulate themselves
from accountability, and we know that an absence of accountability is a
formula for disaster," he said. "This is the most far-reaching
entrenchment effort anyone can remember."

Additionally, Mr. Flynn emphasized that his clients are upset because
the two companies want to deprive them of their only means to influence
corporate decision-making. "These companies are trying to prevent
shareholders for at least three years from exercising their only
meaningful power," he said. "This move says shareholders should not be
seen or heard."

Comcast and AT&T officials declined to comment on the litigation,
TheDeal.com reports.  The Department of Justice and the Federal
Communications Commission have yet to clear the merger.  Mr. Flynn said
the plaintiffs will seek expedited discovery and relief, while the
companies have said they expect to close the deal by the end of 2002.


ELAN CORPORATION: Berman DeValerio Lodges Securities Suit in N.D. GA
--------------------------------------------------------------------
Berman DeValerio Pease Tabacco Burt and Pucillo filed a securities
class action against Elan Corporation, PLC (NYSE: ELN) in the US
District Court for the Northern District of Georgia on behalf of all
investors who bought Elan American Depository Receipts (ADRs) from
April 23, 2001 through January 29, 2002.

The suit charges the Company, an Irish pharmaceutical company, and its
three top officers with issuing a series of false and misleading
statements to the investing public. These news releases and financial
statements, contrary to what the company said, failed to comply with
generally accepted accounting principles (GAAP).

Specifically, the lawsuit accuses Elan of using more than 50 sham joint
ventures to keep research-and-development costs off its books, pump up
earnings and artificially inflate its stock price. According to the
complaint, the Company actually funded these purported joint ventures
itself then signed licensing deals that, in effect, paid itself money
that it then booked as revenue.  In addition, the Company listed its
"investments" in the joint ventures as balance-sheet assets, the
complaint says.

News of the Company's accounting practices sent its stock reeling.
After The Wall Street Journal published an article exposing the ploys
on January 30, 2002, the price of Company ADRs fell 16%, from $35.20
the previous day to $29.95.

When the company announced a few days later that its earnings for the
fourth quarter of 2001 would drop 84%, its ADRs fell a whopping $15.10
per share, a 50% decline in a single day of trading. On February 7,
2002, the Company revealed that the U.S. Securities and Exchange
Commission was investigating the company.

For more details, contact Chauncey D. Steele IV by Mail: One Liberty
Square, Boston, MA 02109 by Phone: (800) 516-9926 by E-mail:
law@bermanesq.com or visit the firm's Web site:
http://www.bermanesq.com.


ENRON CORPORATION: Congress To Probe Wall Street Firms Role in Collapse
-----------------------------------------------------------------------
The US Congress is preparing to investigate several Wall Street firms,
for their handling of Enron Corporation's bankruptcy, the biggest in
the nation's history.  The banks most likely to come under scrutiny
include Citigroup, JP Morgan and Merrill Lynch.

Banks and financial institutions, most notably Arthur Andersen LLP,
have been criticized for their role in the bankruptcy, with several
class actions claiming that some of these institutions hid what they
knew about the Company's finances in order to gain profit.

Citigroup and JP Morgan reportedly lent billions to Enron and received
huge fees for corporate advice, according to a Telegraph.co.uk report.  
Merrill Lynch came under fire after some of its senior executives
reportedly invested in one of the controversial subsidiaries that Enron
used to hide its debts. Most of Wall Street played some part in
financing the partnerships.

Congressional investigators will use the probe's findings to determine
if these institutions deceived Company shareholders and investors prior
to the bankruptcy.  James Greenwood, the head of the House Energy and
Commerce Committee, said, "We cannot say that we have evidence of
wrongdoing, but we certainly have concerns."

One suggestion is that Wall Street firms be banned altogether from
acting as both a broker for shares and an investment banking adviser.
This would reflect the shake-up in the accountancy industry, where
firms are likely to be told they cannot earn consultancy fees from the
companies they audit, Telegraph.co.uk reports.


ENRON CORPORATION: Florida Considers Withdrawing From State 401(k) Suit
-----------------------------------------------------------------------
The State of Florida might drop out of the class action against Enron
Corporation and Arthur Andersen, since it failed to get the lead
plaintiff position in the suit. The lawsuit was filed on behalf of the
members of several states' 401(k) plans who lost their investments when
Enron stock collapsed, according to PensacolaNewsJournal.com.

Florida's retirement system absorbed the biggest loss among the
entities vying for the lead plaintiff position, losing more than $325
million.  However, Judge Melinda Harmon awarded the position to the
University of California retirement system, after seeing possible
conflicts of interest if Florida was named lead plaintiff.  

The conflicts exist largely because of the State's relationship with
Alliance Capital, an investment company that loaded Florida with Enron
stock.  Alliance reportedly had an Enron director on its Board.  
According to PensacolaNewsJournal, other concerns include:

     (1) the State's purchase of Enron shares even after the initial
         securities fraud allegations;

     (2) $6,500 in campaign contributions from Enron received by
         Florida Gov. Jeb Bush; and

     (3) Gov. Bush's contemplation of a joint water-mining venture with
         Enron.

In her ruling, Judge Harmon wrote, "In good conscience, this Court
cannot endanger this litigation by ignoring the issues created by (the
Florida State Board of Administration's) unique involvement with
Enron."

The State's Board of Administration Executive Director, Tom Herndon,
said, "We need to make a determination on whether we want to stay in
the class, or opt out and file our own action."

Florida's withdrawal could reduce the bargaining power of the remaining
shareholders, as they wouldn't be able to offer Enron and Andersen a
complete end to lawsuits, according to the PensacolaNewsJournal.  The
California litigants said they were unaware that Florida is considering
opting out, but were not surprised.  "The Judge did note there were
unique issues Florida faces, that might be distinct from the class as a
whole," said Trey Davis, spokesman for the California Regents.


ENRON CORPORATION: Court Lifts Stay on 401(k) Suits, To Set Trial Date
----------------------------------------------------------------------
The New York Bankruptcy Court lifted an automatic stay on the 401(k)
class actions filed against fallen energy trader Enron Corporation,
ordering the Company's lawyers to appear in Court next week to set a
schedule for trial.

The suits, filed by current and former Enron employees who lost most of
their retirement savings in the Company's 401(k) plans, charges the
Company with violating federal pension rules.  The suits are being
consolidated into a single class action that will be heard in Houston
court.

US Bankruptcy Court Judge Arthur J. Gonzalez ordered the Company to
give the plaintiffs' lawyers access to financial documents that have
been handed to government and federal investigations.  Discovery will
not start until June 21.  The suits have been stayed, pursuant to the
Enron's bankruptcy filing last December.

Lawyer for the plaintiffs, Eli Gottesdiener, told Associated Press,
"We're gratified by the Judge's decision and look forward to our day in
court against Enron."  The decision allowed Mr. Gottesdiener and other
lawyers access to documents detailing the Company's off-balance-sheet
financial transactions, which helped mask some of Enron's debts.

The trial will be used to determine how much the class would be
entitled to as an unsecured creditor, while any actual distribution of
funds would be decided by the New York bankruptcy court.


GLOBAL CROSSING: Berman DeValerio Commences Securities Suit in S.D. NY
----------------------------------------------------------------------
Berman DeValerio Pease Tabacco Burt and Pucillo initiated a securities
class action against several top officers of Global Crossing Ltd.
(NYSE: GX) (OTC Bulletin Board: GBLXQ), accusing them of releasing
false and misleading financial statements to the public.

The suit was filed in the US District Court for the Southern District
of New York and seeks damages for violations of federal securities laws
on behalf of all investors who bought Company stock from January 2,
2001 through October 4, 2001.

The suit charges five top Company managers with artificially inflating
earnings by improperly recording and reporting cash and revenue from
certain long-term lease contracts for the rights to use the company's
fiber optic cable network.  Simultaneously, the complaint says, the
Company entered into substantially similar agreements with the same
companies to purchase bandwidth capacity from them in a different area.
In essence, the complaint alleges that these swap transactions were
improperly recorded to artificially inflate the Company's financial
results.

At the same time, the Company was carrying an increasingly heavy debt
burden that was exacerbated by an ever-shrinking market for bandwidth.
This forced the company to drastically lower its prices.  It was unable
to offset the declining demand for bandwidth capacity with the sale of
customized provider services because, unknown to investors, the
defendants had no viable plan for establishing the Company as a
provider of these services, the complaint says.

Also during the class period, the complaint says, the individual
defendants and other Company insiders generated more that $149 million
from insider stock sales.

The full extent of the Company's financial crisis began to emerge on
October 4, 2001 when it announced that its third quarter 2001 cash
revenues were $400 million below expectations and that it was selling
off its desktop trading systems division.

The suit says that investors were also stunned by the announcement that
the Company's expected recurring adjusted EBITDA would fall almost $300
million less than analyst expectation. In reaction to these statements,
Company stock plunged 49% to $1.07 per share.

For further details, contact Jeffrey C. Block, Michael G. Lange or
Patrick T. Egan by Mail: One Liberty Square, Boston, MA 02109 by Phone:
800-516-9926 by E-mail: law@bermanesq.com or visit the firm's Website:
http://www.bermanesq.com.


GLOBAL CROSSING: Cauley Geller Commences Securities Suit in W.D. NY
-------------------------------------------------------------------
Cauley Geller Bowman & Coates, LLP initiated a securities class action
lawsuit in the United States District Court for the Western District of
New York on behalf of purchasers of Global Crossing, Ltd. (NYSE:GX)
(OTCBB:GBLXQ) common stock during the period between February 14, 1999
and October 4, 2001, inclusive.  All acquirers of Global Crossing
common stock pursuant to the merger which closed on September 28, 1999
between Global Crossing, Frontier Corporation, and a wholly-owned
subsidiary of Global Crossing are being included in the class action.

The suit charges certain of the Company's officers and directors
violated the Securities Exchange Act of 1934. Due to its recent
bankruptcy filing, the Company is not named as a defendant in the
action.

The suit charges that during the class period, defendants issued false
and misleading statements, press releases, and SEC filings concerning
the Company's financial condition, as well as its ability to generate
sufficient cash revenue from new revenue sources considering the
failing market for broadband access.

Prior to the disclosure of the Company's true financial condition, the
individual defendants and other Company insiders sold holdings of its
common stock for proceeds of more than $149 million. In addition,
during the class period defendants caused the Company to sell notes on
favorable terms to itself, which generated $1 billion in investor
capital.

On October 4, 2001, the Company announced that cash revenues in the
third quarter would be approximately $1.2 billion, $400 million less
than the $1.6 billion expected by analysts and forecast several times
earlier in the year by defendants. In addition, the Company and the
defendants stated that they expected recurring adjusted EBITDA to be
"significantly less than $1000 million" compared to forecasts of $400
million made several times earlier in the year.

Following this series of announcements, the Company's share price
plummeted nearly 50% to $1.07 per share on extremely heavy trading
volume. Subsequently, with its stock trading at well under a dollar per
share of common stock, the Company filed for Chapter 11 Bankruptcy
protection on January 28, 2002 after becoming unable to service its
debt.

For more information, contact Jackie Addison, Sue Null or Shelly
Nicholson by Mail: P.O. Box 25438, Little Rock, AR 72221-5438 by Phone:
888-551-9944 by E-mail: info@classlawyer.com or visit the firm's Web
site: http://www.classlawyer.com


HANOVER COMPRESSOR: Schiffrin Barroway Files Securities Suit in S.D. TX
-----------------------------------------------------------------------
Schiffrin & Barroway, LLP initiated a securities class action lawsuit
in the U.S. District Court for the Southern District of Texas - Houston
Division, alleging that Hanover Compressor Company (NYSE:HC) misled
shareholders about its business and financial condition.

The suit seeks damages for violations of Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 (and/or the Securities Act of 1933)
on behalf of all investors who bought Company securities between
November 8, 2000 and January 28, 2002.

The suit alleges that certain of the Company's officers and directors
violated the Securities Exchange Act of 1934. The complaint charges
that during the class period, defendants issued false and misleading
statements, press releases, and SEC filings concerning the Company's
financial condition. These statements had the effect of artificially
inflating the price per share of the Company's common stock and other
securities.

Hanover's true state of fiscal affairs was, in fact, substantially
different than reported to the markets. On January 28, 2002, the
Company would reveal various investments and joint ventures for which
it never recorded the investment amount or purchase price, but for
which it recorded revenue from in order to bolster its claims of
growth.

Specifically, the true facts, which were known by the defendants during
the class period but concealed from the public, were:

     (1) the $16 million in revenue and $2.6 million in net income
         recognized in the 3rd and 4th quarter associated with the
         Hampton Roads fabrication project should not have been
         recognized;

     (2) the Registration Statement omits the Hampton Roads project and
         incorporates the Company's false and misleading 3rd and 4th
         Quarter 2000 financial results; and

     (3) the Company's financial statements for 1st through 3rd Quarter  
         2001 were false in that the revenue and EPS were overstated
         and they failed to disclose the impact of the questionable
         Hampton Roads joint venture.

For more information, contact Marc A. Topaz or Stuart L. Berman by
Phone: 888-299-7706 (toll free) or 610-822-2221 by Fax: 610-822-0002  
E-mail: info@sbclasslaw.com or visit the firm's Web site:
http://www.sbclasslaw.com.  


HANOVER COMPRESSOR: Cohen Milstein Commences Securities Suit in S.D. TX
-----------------------------------------------------------------------
Cohen, Milstein, Hausfeld & Toll, PLLC initiated a securities class
action in the United States District Court for the Southern District of
Texas on behalf of purchasers of Hanover Compressor Company (NYSE:HC)
publicly traded securities during the period between November 8, 2000
and January 28, 2002.

The suit alleges that the Company and certain of its officers and
directors violated the federal securities laws.  The suit alleges
violations arising out of defendants' issuance of false financial
statements and other false and misleading statements about the
Company's operating performance.

Defendants failed to disclose facts relating to a partnership in which
it had an equity interest, including that it used income from that
partnership to overstate revenue and income for the third and fourth
quarters of fiscal 2000. This allowed certain insiders to sell 7.5
million shares of stock in a secondary public offering in March 2001
and for the Company to issue 4.75% Convertible Senior Notes due 2008,
based on more favorable financial results.

For more information, contact Steven J. Toll or Lisa Polk by Mail: 1100
New York Avenue, N.W. Suite 500 - West Tower Washington, D.C. 20005 by
Phone: 888-240-0775 or 202-408-4600 by E-mail: stoll@cmht.com or
lpolk@cmht.com or visit the firm's Web site: http://www.cmht.com


HUB GROUP: Charles Piven Commences Securities Suit in N.D. Illinois
-------------------------------------------------------------------
The Law Offices Of Charles J. Piven, PA lodged a securities class
action on behalf of shareholders who acquired Hub Group, Inc.
(Nasdaq:HUBG) (Nasdaq:HUBGE) securities between April 21, 1999 and
February 12, 2002, inclusive, in the United States District Court for
the Northern District of Illinois, Eastern Division against the Company
and:

     (1) William L. Crowder,

     (2) Philip C. Yeager,

     (3) Jay E. Parker,

     (4) David P. Yeager,

     (5) Thomas L. Hardin and

     (6) Arthur Andersen, LLP

The suit charges that defendants violated the federal securities laws
by issuing a series of materially false and misleading statements to
the market throughout the class period which statements had the effect
of artificially inflating the market price of the Company's securities.

For more information, contact Charles J. Piven, PA by Mail: The World
Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore,
Maryland 21202 by E-mail: hoffman@pivenlaw.com or by Phone:
410-332-0030.


HUB GROUP: Milberg Weiss Commences Securities Suit in N.D. Illinois
-------------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP initiated a securities class
action on behalf of purchasers of the securities of Hub Group, Inc.
(NASDAQ:HUBG, HUBGE) between April 21, 1999 and February 12, 2002,
inclusive, in the United States District Court, Northern District of
Illinois, Eastern Division, against the Company and:

     (1) William L. Crowder,

     (2) Philip C. Yeager,

     (3) Jay E. Parker,

     (4) David P. Yeager,

     (5) Thomas L. Hardin and

     (6) Arthur Andersen, LLP

The suit alleges that defendants violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934, and Rule 10b-5 promulgated
thereunder, by issuing a series of material misrepresentations to the
market between April 21, 1999 and February 12, 2002, thereby
artificially inflating the price of Hub Group securities.

Throughout the class period, as alleged in the complaint, defendants
issued statements regarding the Company's quarterly and annual
financial performance and filed reports confirming such performance
with the United States Securities and Exchange Commission (SEC).

The suit alleges that these statements were materially false and
misleading because, among other things:

     (i) the Company's 65% owned subsidiary, Hub Group Distribution
         Services, which represented a material portion of the
         Company's revenues, was improperly recognizing revenues in
         violation of its accounting policies and generally accepted
         accounting policies. As a result, the Company's operating
         results were materially misrepresented and overstated;

    (ii) the Company lacked adequate internal controls and was
         therefore unable to ascertain the true financial condition of
         the Company; and

   (iii) based on the foregoing, defendants' statements concerning the
         prospects of the Company were lacking in a reasonable basis at
         all times.

On February 12, 2002, after the close of the market, the Company
shocked the market when it announced that it had discovered certain
accounting irregularities at its 65% owned subsidiary, Hub Group
Distribution Services.  As a result of this discovery, the Company
estimates that it had overstated its earnings on an after-tax, post
minority interest basis by between approximately $3 million to $4
million since 1999.  The Company further stated that its investigation
is ongoing and once it has been completed, it will restate its
financial results for the appropriate periods.

In response to these disclosures, the price of the Hub Group's common
stock dropped from $10.52 per share to $8.03 per share, a one-day loss
of more than 31% on volume of more than 153,700 shares traded, more
than ten times the average trading volume.

For more information, contact Steven G. Schulman or Samuel H. Rudman by
Mail: One Pennsylvania Plaza, 49th fl. New York, NY, 10119-0165 by
Phone: 800-320-5081 by E-mail: HubGroupcase@milbergNY.com or visit the
firm's Website: http://www.milberg.com  


IRVINE SENSORS: Weiss Yourman Commences Securities Suit in C.D. CA
------------------------------------------------------------------
Weiss and Yourman LLP initiated a securities class action in United
States District Court for the Central District of California on behalf
of purchasers of Irvine Sensors Corporation (Nasdaq: IRSN) common stock
between January 6, 2000 and September 15, 2001, inclusive.

The complaint alleges that the Company, a high-tech research and
development firm, along with certain of its officers and directors,
violated federal securities laws, by, among other things, repeatedly
maintaining throughout the class period, that Silicon Film
Technologies, Inc., a majority-owned subsidiary of the Company, was
near completion of its Electronic Film System or "EFS-1," a device
which would interface with a conventional camera to enable the camera
to take digital pictures, all the while knowing that the EFS-1 was
suffering from serious and insurmountable technical design flaws.

On September 15, 2001, after nearly two years of touting the EFS-1
technology, Irvine abruptly announced that SFI had suspended operations
and was considering bankruptcy, essentially ending the EFS-1 project.
This news caused Company stock price to plummet from a class period
high of $14 a share to a low of 12 cents.

According to the complaint, due to defendants' deceptive and illegal
conduct, the Company's stock price was artificially high throughout the
class period, causing plaintiff and the other class members to purchase
their Company securities at inflated prices.

For more information, contact Weiss and Yourman by Phone: 800-437-7918
by E-mail: info@wyca.com or visit the firm's Web site:
http://www.wyca.com


JENNY CRAIG: Shareholders File Suit Opposing ACI Capital Merger in DE
---------------------------------------------------------------------
Weight control firm Jenny Craig, Inc. faces three securities class
actions filed in the Delaware Court of Chancery in New Castle County
challenging its merger with J. Holdings Corporation, a Company formed
precisely for the merger under the direction of ACI Capital Company,
Inc.

The suits name as defendant the Company and:

     (1) Sidney Craig,

     (2) Jenny Craig,

     (3) Scott Bice,

     (4) Marvin Sears,

     (5) Andrea van de Kamp,

     (6) Robert Wolf,

     (7) Patricia Larchet,

     (8) Duayne Weinger.

One suit adds SJF Enterprises, Inc. and Craig Enterprises, Inc. as
defendants, and another names ACI and DB Capital Corporation as
additional defendants.

These actions, in which the plaintiffs seek class certification,
generally allege that:

     (1) the $5.30 price per share of the Company's common stock is
         inadequate;

     (2) the members of the Company's Board of Directors breached their
         fiduciary duties to Company stockholders in connection with
         the merger and

     (3) the Craigs, together with ACI and DB Capital, are engaging in
         the merger transaction to capture the future market potential
         of the Company for themselves without regard for Company
         public stockholders.

The suits seek injunctive relief against the merger, rescission of the
merger if it is consummated or rescissory damages, monetary damages,
and an award of plaintiffs' costs and attorneys' fees. None of the
lawsuits specifies any amount of damages sought and, therefore, the
Company cannot yet estimate a range of possible loss in connection with
this litigation.


JP MORGAN: Kirby McInerney Commences Securities Suit in S.D. New York
---------------------------------------------------------------------
Kirby McInerney & Squire, LLP initiated a securities class action in
the United States District Court for the Southern District of New York
on behalf of all purchasers of J.P. Morgan Chase & Co. (NYSE:JPM) stock
during the period November 28, 2001 through January 28, 2002,
inclusive.

The suit charges the Company with violations of federal securities
laws. The complaint charges that on the first day of the class period,
the Company recklessly misrepresented its risk and loss exposure
related to its transactions and dealings with the Enron Corporation as
being approximately $900 million.

J.P Morgan later admitted that, in fact, its total Enron related
exposure was actually about $2.6 billion, or almost three times the
earlier figure. Shortly thereafter, it wrote down $1.13 billion in
nonperforming assets, specifically related to losses generated by its
dealings with Enron.

For more details, contact Ira Press or Diem Tran by Mail: 830 Third
Avenue, 10th Floor, New York, New York 10022 by Phone: 212-317-2300 or
888-529-4787 by E-mail: dtran@kmslaw.com or visit the firm's Website:
http://www.kmslaw.com


NVIDIA CORPORATION: Schiffrin Barroway Files Securities Suit in N.D. CA
-----------------------------------------------------------------------
Schiffrin & Barroway, LLP initiated a securities class action in the
United States District Court for the Northern District of California on
behalf of all purchasers of the common stock of NVIDIA Corp. (Nasdaq:
NVDA) from February 15, 2000 through February 14, 2002, inclusive.

The suit charges the Company and certain of its officers and directors
with issuing false and misleading statements concerning its business
and financial condition.  Specifically, the suit alleges that as part
of their effort to boost the price of Company stock, defendants
misrepresented the Company's true prospects in an effort to conceal its
improper acts until they were able to sell at least $66 million worth
of their own stock.

In order to overstate revenues and assets in its 4th Quarter 2000 and
1st to 3rd Quarter 2001, the Company violated generally accepted
accounting principles and SEC rules by engaging in an illegal
accounting scheme. This scheme had the effect of dramatically
overstating revenues and assets.

Then, on February 14, 2002 (after the close of the market), the Company
partially admitted that its past accounting for its prior results may
be inaccurate in a press release entitled, "NVIDIA Corporation
Conducting Review of Certain Transactions at the Request of the SEC."  
On this news the Company's shares plummeted the following day.

For more information, contact Marc A. Topaz or Stuart L. Berman by
Mail: Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004 by Phone:
888-299-7706 (toll free) or 610-667-7706 or by E-mail:
info@sbclasslaw.com


NVIDIA CORPORATION: Charles Piven Commences Securities Suit in N.D. CA
----------------------------------------------------------------------
The Law Offices Of Charles J. Piven, PA initiated a securities class
action on behalf of shareholders who acquired NVIDIA Corp.
(Nasdaq:NVDA) securities between February 15, 2000 and February 14,
2002, inclusive, in the United States District Court for the Northern
District of California against the Company and certain of its officers
and directors.

The suit charges that the defendants violated the federal securities
laws by issuing a series of materially false and misleading statements
to the market throughout the class period which statements had the
effect of artificially inflating the market price of NVIDIA's
securities.

For further details, contact Charles J. Piven by Mail: The World Trade
Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore,
Maryland 21202 by E-mail at hoffman@pivenlaw.com or by Phone:
410-332-0030.


PNC FINANCIAL: Berman DeValerio Commences Securities Suit in W.D. PA
--------------------------------------------------------------------
Berman DeValerio Pease Tabacco Burt and Pucillo initiated a securities
class action against the PNC Financial Services Group, Inc. (NYSE:
PNC), claiming the Company artificially inflated earnings by using
improper accounting methods.

The suit is pending in the U.S. District Court for the Western District
of Pennsylvania and seeks damages for violations of federal securities
laws on behalf of all investors who bought Company stock from July 19,
2001 through January 28, 2002.

The suit accuses the Company, a Pittsburgh-based financial services
company, of using improper accounting methods to inflate earnings
reports and subsequently releasing those figures to the public. The
complaint also names two top officers and the Company's auditor, Ernst
& Young, as defendants.

On January 29, 2002, the Company revealed that the Federal Reserve
Board had ordered it to restate its financial results for the second
and third quarters of 2001 and revise its fourth quarter 2001 numbers.
According to the complaint, the Board ordered the restatement because
of the Company's apparent failure to comply with generally accepted
accounting principles during the class period by failing to consolidate
into its financial reports three financial firms in which the Company
had interests.

The suit said the restatements inflated the Company's net income during
the class period by $155 million, or 27%, and reduced its earnings by
that amount for the year ended December 31, 2001.  Company stock
quickly fell 12% the day after it announced the restatement, the
complaint added.

For further information, contact Michael G. Lange or Chauncey D. Steele
IV by Mail: One Liberty Square, Boston, MA 02109 by Phone: 800-516-9926
by E-mail: law@bermanesq.com or visit the firm's Website:
http://www.bermanesq.com.  


SPORT-HALEY CORPORATION: Motion To Dismiss Securities Suit Pending
------------------------------------------------------------------
Sport-Haley Corporation will mount a vigorous defense against a
securities class action filed in October 2001 in the US District Court
for the District of Colorado on behalf of all persons who acquired the
Company's common stock during the period from September 4, 1996 through
October 16, 2000.  The suit names as defendants the Company and:

     (1) Robert G. Tomlinson,

     (2) Kevin M. Tomlinson and

     (3) Robert W. Haley

The suit alleges that the defendants violated Section 10(b) of the
Securities Exchange Act and Rule 10b-5 promulgated thereunder, by
knowingly overstating the Company's financial results, thereby causing
its stock price to be artificially inflated.

The complaint further alleges that the individual defendants are liable
by virtue of being controlling persons of the Company, pursuant to
Section 20(a) of the Exchange Act. The allegations arise out of its
restatements of its financial statements for the fiscal years ended
June 30, 1999 and 1998, previously reported by the Company.

The Court appointed a group of investors, including lead plaintiff J.
Roger Gregg, to act as lead plaintiff in the action. The defendants
filed a motion to dismiss the action in December 2001, which is still
pending.


WILLIAMS COMPANIES: Brian Barry Commences Securities Suit in N.D. OK
--------------------------------------------------------------------
The Law Offices of Brian Barry initiated a securities class action in
the United States District Court for the Northern District of Oklahoma
on behalf of all persons who purchased securities of Williams
Companies, Inc. (NYSE: WMB) and Williams Communications Group, Inc.
(NYSE: WCG) between July 24, 2000 and January 29, 2002, inclusive.

The suit charges the Company and certain of its officers and directors
with violations of federal securities laws. Among other things,
plaintiff claims that defendants' material omissions and the
dissemination of materially false and misleading statements regarding
the nature of the Company's revenues and earnings caused its stock
price to become artificially inflated, inflicting enormous damages on
investors.

For further details, contact Jill Levine by Mail: 1801 Avenue of the
Stars, Suite 307, Los Angeles, California 90067 by Phone:
310-788-0831 or by E-mail: jilllevine1@yahoo.com.


WILLIAMS COMPANIES: Zwerling Schachter Lodges Securities Suit in OK
-------------------------------------------------------------------
Zwerling, Schachter & Zwerling, LLP initiated a securities class action
in the United States District Court for the Northern District of
Oklahoma, on behalf of all persons who purchased or otherwise acquired
the securities of Williams Companies, Inc. (NYSE: WMB) and/or the
securities of Williams Communications Group, Inc. (NYSE: WCG) between
July 24, 2000 and January 29, 2002, inclusive.

The suit alleges that defendants violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934, and Rule 10b-5 promulgated
thereunder, by issuing a series of material misrepresentations during
the class period, thereby artificially inflating the price of WMB and
WCG securities.

The suit alleges, among other things, that defendants misled investors
by failing to disclose:

     (1) that the WCG spin-off from WMB was not in the best interests
         of WMB and WCG shareholders;

     (2) the accounting and financial impact of the contingent
         liabilities retained by WMB; and

     (3) the precarious financial state of WCG.

On January 29, 2002, Williams Companies announced it was delaying the
release of its 2001 earnings "pending an internal assessment of
Williams contingent obligations to Williams Communications." As a
result of this news, the price of Williams Companies' common stock fell
from approximately $24 per share to a low of $18.70 per share, and
Williams Communications' stock fell to as low as $1.30 per share.

For more information, contact Shaye J. Fuchs by Phone: 800-263-7337 by
E-mail: sfuchs@zsz.com or Willy Gonzalez by Phone: 800-721-3900 by E-
mail: wgonzalez@zsz.com or visit the firm's Web site:
http://www.zsz.com

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S U B S C R I P T I O N   I N F O R M A T I O N

Class Action Reporter is a daily newsletter, co-published by
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Copyright 2002.  All rights reserved.  ISSN 1525-2272.

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