CAR_Public/030226.mbx                C L A S S   A C T I O N   R E P O R T E R
  
              Wednesday, February 26, 2003, Vol. 5, No. 40

                            Headlines                            

ALASKA: Jury Selection Starts in Homeowner Suit V. Division of Forestry
AUTOMOBILE INSURERS: GA Charities Gain Help From Unclaimed Settlement
BRIGGS & BAKER: CA Attorney General Lodges Suit Over Credit Card Fraud
CANADIAN NATIONAL: Tamaroa Residents Sue Over Feb. 9 Train Derailment
CMS ENERGY: Plaintiffs File Consolidated Securities Lawsuit in E.D. MI

CMS ENERGY: 401(K) Plan Members File Consolidated ERISA Suit in E.D. MI
COCA-COLA COMPANY: Nominates First Hispanic Woman To Board Of Directors
CORN SYRUP LITIGATION: High Court Refuses To Dismiss $4B Antitrust Suit
FLORIDA: Builders' Group Launches Suit To Oppose Reverse Discrimination
ILLINOIS: Suit Says Settlement Checks' Interest Should Go To Recipients

SUN COUNTRY: TX Attorney General Commences Suit For Deceptive Practices
TETRACO: Residents Complain of Sore Throats After Chemical Plant Fire


              Meetings, Conferences & Seminars

* Scheduled Events for Class Action Professionals
* Online Teleconferences


                   New Securities Fraud Cases

AMERCO: Schiffrin & Barroway Launches Securities Fraud Suit in NV Court
AMERICREDIT CORPORATION: Scott + Scott Files Securities Suit in N.D. TX
ATMEL CORPORATION: Spector Roseman Commences Securities Suit in N.D. CA
BIO-TECHNOLOGY GENERAL: Spector Roseman Commences Securities Suit in NJ
BLOCKBUSTER INC.: Milberg Weiss Commences Securities Lawsuit in N.D. TX

CARREKER CORPORATION: Spector Roseman Lodges Securities Suit in N.D. TX
CLEARONE COMMUNICATIONS: Spector Roseman Launches Securities Suit in UT
HOTELS.COM: Scott + Scott Commences Securities Fraud Lawsuit in N.D. TX
INTERSTATE BAKERIES: Charles Piven Commences Securities Suit in W.D. MO
MICROTUNE INC.: Schiffrin & Barroway Lodges Securities Suit in E.D. TX

MICROTUNE INC.: Cauley Geller Launches Securities Fraud Suit in E.D. TX
MOTOROLA INC.: Scott + Scott Commences Securities Fraud Suit in N.D. IL
PARAMETRIC TECHNOLOGY: Spector Roseman Commences Securities Suit in MA
SAWTEK INC.: Milberg Weiss Commences Securities Fraud Suit in M.D. FL
TRANSKARYOTIC THERAPIES: Spector Roseman Launches Securities Suit in MA

TRANSKARYOTIC THERAPIES: Levy & Levy Lodges Securities Suit in MA Court
UNUMPROVIDENT CORPORATION: Spector Roseman Lodges Securities Suit in TN
VERITAS SOFTWARE: Spector Roseman Commences Securities Suit in N.D. CA

                           *********

ALASKA: Jury Selection Starts in Homeowner Suit V. Division of Forestry
-----------------------------------------------------------------------
The class action filed against Alaska's Division of Forestry over the
1996 Big Lake wildfire that destroyed more than 400 houses and other
buildings, and caused more than $15 million in damage was remanded back
to Alaska Superior Court in Palmer county, the Anchorage Daily News
reports.

The fire, the state's costliest, blazed through a populated area
measuring 37,000 acres.  In 1998, about 600 Big Lake-area homeowners
and landowners filed a class action against the Division, saying it
could have stopped the blaze.  In 1999, the court dismissed the suit,
and the plaintiffs filed an appeal in the state Supreme Court.  The
High Court later sent the suit back to state court.

State court clerks sent jury questionnaires to 260 Mat-Su-area
residents, randomly selected through their Permanent Fund dividend
applications, for the jury selection process.  The court is throwing
out a wide net because the case is well known and elicits strong
opinions in Mat-Su, the Anchorage Daily News stated.

"It's a big case that affects a lot of people in the Valley," Peter
Gruenstein, a lawyer representing the plaintiffs told Anchorage Daily
News.  "We all recognize that jury selection will require more care
than would normally be the case."

The trial will try to establish who was responsible for losing control
of the fire, but will not determine the amount in damages, if any, due
the victims.  It is expected to last four to eight weeks, with a 12-day
break to accommodate spring vacations, the Anchorage Daily News
reports.

Locals say it might be hard to find an unbiased pool of jurors.  
"There's a lot of angry people here about that fire," J.D. Stone, a
cashier at the Big Lake Super Store told the Anchorage Daily News.


AUTOMOBILE INSURERS: GA Charities Gain Help From Unclaimed Settlement
---------------------------------------------------------------------
Several Georgia charities received a windfall from automobile insurers
after the Supreme Court, in a landmark ruling, ordered the insurers to
compensate motorists for the diminished value of their cars in
collisions, AccessAtlanta reports.

The first suit was filed against State Farm Insurance by policyholders
who contended that wrecked cars are worth less no matter how well they
are repaired - a concept known as "diminished value" - and that State
Farm should pay the difference.  The Court agreed with plaintiffs and
the Company opted to settle the litigation by paying $100 million in
reimbursements to policyholders who had filed claims since December 22,
1993.

Soon after, similar class-action lawsuits against 22 other companies,
including Progressive, MetLife and Allstate were filed, affecting about
70 percent of Georgia's drivers.  The companies later agreed to settle
the suits in November 2001.

However thousands of Georgians either did not claim the money owed to
them or could not be located.  Thus the money was channeled into
several causes like the conservation of the Chattahoochee River or to
endow a chair for the metro Atlanta transplant program for kids.  
Another $1 million from a settlement by GEICO is being channeled into
the state's Boys and Girls Clubs and the Make-a-Wish Foundation.  

Lawyers for the plaintiffs in the suits say unclaimed money will exceed
$20 million in the coming years.  Plaintiffs' attorney Neal Pope of
Columbus said every effort is made to contact people eligible for the
settlement.  "But that's not always possible because some don't cash
their checks and some can't be found," he said.  "Under the
circumstances, this is the best thing to do with the money."

Mr. Pope said lawyers spent most of the past year looking for the
700,000 motorists who were part of the suit.  About 7% (49,000) could
not be found.  

Recipients said the donations came as a surprise.  Some jokingly call
it "accidental" philanthropy.  Others can't remember a more unusual
source for their group's funding, AccessAtlanta stated.  The idea to
have the unclaimed money go to charity is rare but not unheard of, said
Emory University law professor Richard Freer.

"Some say the excess money should go back to the defendant," he told
AccessAtlanta.  "Others says that since the company agreed to pay the
money to avoid going to litigation and risk having their head handed to
them, it's not theirs to have anymore."


BRIGGS & BAKER: CA Attorney General Lodges Suit Over Credit Card Fraud
----------------------------------------------------------------------
California Attorney General Bill Lockyer today filed a lawsuit against
a Santa Clarita business that told consumers it could eliminate their
credit card debts for pennies on the dollar, but failed to deliver as
advertised, did not provide promised refunds and usually left customers
in even worse financial shape.

The lawsuit filed in San Diego County Superior Court alleges the debt
reduction firm, Briggs & Baker, has violated state laws prohibiting
false and misleading advertising, and unlawful, unfair or deceptive
business practices.  The complaint asks the court to order Briggs &
Baker to provide refunds to customers who paid for services they did
not receive, and to permanently prohibit the firm from engaging in the
deceptive practices.

"This firm and its ads preyed on consumers, who paid thousands of
dollars to rid themselves of crushing debt," said Mr. Lockyer.  
"Instead, Briggs & Baker left its customers with more debt, ruined
credit histories and sometimes no choice but to file for bankruptcy.  
And when those customers tried to get their money back, Briggs & Baker
left them out in the cold."

Targeting mainly Southern California consumers, Briggs & Baker sells
its services through radio, Internet, newspaper, phone and direct mail
advertisements.  The Attorney General's complaint alleges the
advertisements contain misleading claims that Briggs & Baker can settle
credit card debt for "pennies on the dollar," that credit card
companies are "offering their all-time best deals," and that Briggs &
Baker's longstanding relationships with major banks enables it to
"leverage extreme discounts for their clients."

According to the complaint, Briggs & Baker made representations that
one of its services, the "accord and satisfaction" program, would allow
consumers to settle their credit card debts for 11 percent of the
outstanding balance.  The complaint alleges that the program promised
that Briggs & Baker would tell clients to stop making payments on their
credit card balances and to cease contact with their credit card
company.  Briggs & Baker eventually would contact the consumer's credit
card company and falsely tell the creditor that its clients disputed
their bills.  Briggs & Baker then would send their client's personal
check, with a restrictive endorsement, for 11 percent of the
outstanding balance.

When the creditor processed the check and applied the 11 percent
payment to the total balance, Briggs & Baker would tell their client
that, despite the creditor's continuing collection activity, the debt
was completely eliminated.  When clients complained that their debt had
not been eliminated, and demanded a refund of the up-front service fees
paid to Briggs & Baker, the firm again failed to deliver as promised.  
Instead, Briggs & Baker would inform clients that no refund was due,
because the firm had earned its fees, which typically ranged from 20
percent to 30 percent of the outstanding credit card debt.

However, the complaint alleges the "accord and satisfaction" program,
as well as other services sold by Briggs & Baker, usually did not work.  
In the end, consumers were left saddled with higher debt and damaged
credit ratings because they had stopped making payments.

Briggs & Baker still advertises its services, and CEO Todd Baker has
started another debt reduction business in Santa Clarita called Debt
Resolution Specialists.  Briggs & Baker now operates out of the DRS
office.

For more information, visit the Attorney General's website:
http://www.ag.ca.gov/consumers/mailform.htm.


CANADIAN NATIONAL: Tamaroa Residents Sue Over Feb. 9 Train Derailment
---------------------------------------------------------------------
Residents of Tamaroa, Illinois commenced a class action against
Canadian National Railroad after 21 cars derailed from a train
traveling through the town on February 9, 2003, KSDK news reports.  The
derailment caused the spilling of hazardous chemicals and the
evacuation of many of the town's residents.

The suit names residents Clayton Moss, Dawn Klamm and children, Vicki
Przygoda and children, Larry Galbraith and wife Shirley, Kenneth Knapp
and daughter Brittany, Ricky Long and wife Opaline, Kim Arendell and
Randy Fallowell as plaintiffs and the railroad as the defendant.  The
suit seeks US$20,000 for each family.

However, more than 900 Tamaroa residents and 45 businesses have agreed
to a settlement with the railroad.  They will divide among themselves a
total of US$335,000 in settlement money.

Railroad spokesman Jack Burke told the Quion Evening Call that the
railroad will meet its deadline of next Friday to remove all of the
wrecked cars from the site.  Rail traffic resumed last week on the IC
mainline through the town.  Mr. Burke said as of Friday the railroad
had paid out 616 claims totaling approximately $225,000 and commented
very little on the suit.


CMS ENERGY: Plaintiffs File Consolidated Securities Lawsuit in E.D. MI
----------------------------------------------------------------------
Plaintiffs in the securities class actions against CMS Energy
Corporation filed a consolidated lawsuit in the United States District
Court for the Eastern District of Michigan on behalf of purchasers of
the Company's common stock beginning on August 3,2000 and running
through May 14,2002.  The suits name as defendants the Company,
Consumers Energy Corporation, and certain officers and directors of CMS
Energy and its affiliates.

The suit generally seeks unspecified damages based on allegations that
the defendants violated United States securities laws and regulations
by making allegedly false and misleading statements about the company's
business and financial condition.  The Company cannot predict the
outcome of this litigation.


CMS ENERGY: 401(K) Plan Members File Consolidated ERISA Suit in E.D. MI
-----------------------------------------------------------------------
CMS Energy Corporation faces a consolidated class action filed in the
United States District Court for the Eastern District of Michigan
against it, Consumers Energy Corporation, CMS Marketing, Services and
Trading Company, and certain named and unnamed officers and directors.  

The suit, filed on behalf of participants and beneficiaries of the
401(k) Plan, alleges breaches of fiduciary duties under the Employee
Retirement Income Security Act (ERISA) and seek restitution on behalf
of the Plan with respect to a decline in value of the shares of CMS
Energy Common Stock held in the Plan.  Plaintiffs also seek other
equitable relief and legal fees.  These cases will be vigorously
defended.  The Company cannot predict the outcome of this litigation.


COCA-COLA COMPANY: Nominates First Hispanic Woman To Board Of Directors
-----------------------------------------------------------------------
Coca-Cola Company (Coke) has nominated the first Hispanic woman to its
board of directors.  It has selected Maria Elena Lagomasino, 53, the
CEO of a major financial institution, the JP Morgan Private Bank, The
Atlanta Journal-Constitution reports.

This selection comes a year after the addition of two white males to
the board caused criticism from the task force that was appointed to
oversee Coke's discrimination class action settlement.  The court-
appointed task force, watchdog over Coke's human resources practices,
said that naming two white males instead of a woman or a person of
minority background "suggested a lack of sensitivity to declared
diversity goals."

The addition of Ms. Lagomasino, chairwoman and chief executive of J.P.
Morgan Private Bank, brings the number of women on Coke's board to
three out of a total of 14 members.  Two of the 14 are minorities.  A
native of Cuba, Ms Lagomasino, who already serves on the board of Avon
Products, is likely to be formally elected at Coke's annual meeting
April 16, in Houston.

Coke's current board is made up of several heavy hitters, including
investor Warren Buffett, former U.S. Senator Samuel Nunn and Robert
Nardelli, head of Home Depot.  Coke received its criticism from the
task force last year after adding Mr. Nardelli and Barry Diller who
runs USA Interactive.

Ms. Lagomasino recently resigned as a director of Phillips-Van Heusen
and is a former director of the bankrupt telecom firm Global Crossing,
which has been under government investigation.  She was named by
Fortune magazine as one of America's 50 most powerful women in
business.


CORN SYRUP LITIGATION: High Court Refuses To Dismiss $4B Antitrust Suit
-----------------------------------------------------------------------
The United States Supreme Court refused to dismiss a US$4 billion class
action filed by food companies against Archer Daniels Midland Co.
(ADM), Cargill Inc. and another maker of corn sweeteners, alleging they
colluded to fix the price of high-fructose corn syrup, a sweetener used
in soft drinks, candy and baked goods, Bloomberg News reports.

The suit was filed on behalf of several thousand food companies, such
as PepsiCo Inc. and Coca-Cola Co.  The companies estimate they suffered
$1.4 billion in damages and will ask a jury to triple that amount,
their lawyer, Robert Kaplan told Bloomberg.  "There are thousands of
people, bakeries, dairies, bottlers, canners" who would benefit if the
suit is successful, Mr. Kaplan said.

The defendants appealed separately to the Supreme Court saying that the
evidence was too weak to warrant a trial.  Cargill's lawyers called the
price-fixing evidence "speculative and ambiguous."

The justices declined to hear arguments by the producers that the food
and beverage companies didn't provide enough evidence of a price-fixing
conspiracy to go trial.  "We don't think there's any basis to the suit,
us and everybody else," Dwight Grimestad, vice president of investor
relations at Decatur, Illinois-based ADM, told Bloomberg.  The high
court refused to hear the case, "so we're in trial," he said.

"While we're disappointed by the court's decision not to review the
case, it wasn't a ruling on the merits," Cargill spokesman Bill Brady
told Bloomberg.  "Cargill observed the law in its business practices,
and we look forward to presenting our case at trial."

In a separate case, Archer Daniels Midland (ADM), the world's largest
grain producer, paid a then-record $100 million fine in 1996 and three
executives were sent to prison for conspiring to fix the price of
lysine, an animal feed additive, Bloomberg reports.


FLORIDA: Builders' Group Launches Suit To Oppose Reverse Discrimination
-----------------------------------------------------------------------
A big builders organization, the Associated General Contractors,
recently filed a federal lawsuit in the US District Court in
Tallahassee, Florida, to end preferences for women- and minorities-
owned companies in Florida government contracting, The Tallahassee
Democrat reports.

Associated General claims that white companies are discriminated
against by State University System policies, requiring 30 percent
minority "participation" in construction projects.  The builders
organization, which represents about 1,500 builders and suppliers,
asked for unspecified financial damages and a ban on the state policy
encouraging agencies to favor companies owned by women, blacks,
Hispanics, Native Americans and other ethnic minorities.

"Florida has permitted, encouraged and demanded racial, ethnic and
sexual discrimination in the award of contracts in the construction
industry to business enterprises owned by persons of certain 'minority'
racial and ethnic groups and women," said the petition filed in US
District Court in Tallahassee.

The lawsuit named Florida A&M University, the University of Florida,
the Department of Management Services and the state of Florida as
defendants.  The builders, Associated General, sought an unusual "class
action" status, not claiming to be an aggrieved class themselves as
plaintiff, but asking the court to group the state and all universities
as a "class" of defendants in the case.

Elizabeth Hirst, a spokeswoman for Governor Jeb Bush, said the
governor's legal staff was studying the lawsuit.  Ms. Hirst would not
comment on Associated General's claim that white contractors are
illegally barred from competing for all state jobs.

Associated General Contractors' Executive Director Allen Douglas said
the state has a "minority loan mobilization act" that allows a minority
contract to get a 10 percent advance on the cost of state contract,
permitting to buy supplies and hire workers with the state's money,
while white-owned businesses must use their own money up front.

Governor Bush's One Florida initiatives ended affirmative action in
university admissions and contract set-asides in agencies under the
governor's office.  Mr. Douglas claims that the university system,
however, which is not under Governor Bush's direct control, continues
to use financial quotas.

Associated General was the driving force behind a petition drive aimed
at copying California and Washington state initiatives that threw out
affirmative action in contracting and university admissions.  The
Florida Supreme Court ruled that the 1999 initiative violated this
state's rules for getting on the ballot.


ILLINOIS: Suit Says Settlement Checks' Interest Should Go To Recipients
-----------------------------------------------------------------------
In 1983, the Illinois Supreme Court decided that state legal aid
foundations should receive the interest accrued while settlement money
sits in trust accounts gathering interest for about a week while
awaiting clearance of the checks before money is paid out to the
settlement's recipients, the Associated Press Newswires reports.

As a result of the 1983 ruling, Land of Lincoln Legal Services, which
provides legal aid to the poor in southern Illinois, receives about
$600,000 a year in interest from settlement trusts.  Other legal aid
organizations throughout the state are also beneficiaries of the
interest accrued on settlement accounts.

However, two men whose settlement checks were held in trust and accrued
interest, have filed a class action, in St. Clair County, Illinois,
claiming it is unconstitutional for the Illinois Supreme Court to
direct their interest to legal aid foundations.  They, therefore, are
suing the Lawyer's Trust Fund of Illinois and justices on the Illinois
Supreme Court.  St. Louis attorney Mark Mittleman filed the lawsuit has
not yet responded to a message left at his office.

Belleville attorney Chris Cueto, who declined to comment on the
lawsuit, is defending the Lawyer's Trust Fund of Illinois, and filed a
motion to dismiss the lawsuit last week.


SUN COUNTRY: TX Attorney General Commences Suit For Deceptive Practices
-----------------------------------------------------------------------
Texas Attorney General Greg Abbott filed suit in Dallas asking a
district court to grant a temporary restraining order to stop Sun
Country Travel and its principals from representing that the Attorney
General endorses its sales and marketing practices.  The lawsuit also
seeks a halt to a number of other deceptive practices against
consumers.

"In fact, we're filing suit today as a way of saying loud and clear
that my office does not endorse any business or its practices,"
Attorney General Abbott said in a statement. "Additionally we're
alleging that this travel club, among other things, is deceiving its
members by repeatedly saying, directly or indirectly, that my office
supports their activities."

The suit also alleges that Sun Country representatives have claimed in
their sales pitches that they are in good standing with the Better
Business Bureau, when in fact the bureau reports that Sun Country has
an unsatisfactory record with a pattern of complaints involving
misrepresentation.

The company has offices in Arlington, Carrollton and Houston. Vavro,
McDonald and Associates, L.L.C. also known as Vavro, McDonald, Kennedy
and Associates, L.L.C., and Texas Travel Partners, L.L.C., doing
business as Sun Country Travel, were officially named in this suit.  
Two of the company's principals, Jerry L. McDonald, Sr. and Jerry L.
McDonald, Jr., have been named in the suit as well.

Sun Country typically initiates customer contact via a telemarketing
scheme.  The callers describe a "completely free" vacation offer to
consumers, but ask that they first attend a 90-minute marketing
presentation describing the company's various discount travel services.  
The telemarketers fail to disclose, however, the various fees, taxes
and other costs associated with these so-called "free" vacations, plus
they do not disclose that there are strict limitations on when the
trips can be taken.

The Attorney General brings this suit under the Deceptive Trade
Practices Act due to these and other misleading representations.  In
addition to the temporary restraining order, the Attorney General will
seek temporary and permanent injunctions, restitution, civil penalties
and attorney fees.

The company acts or has acted as a distributor for various travel clubs
such as Grand Getaways, Vacation Travel Club and Travel Service
Network.  Sun Country sells discount travel memberships in these clubs
for up to $7,000, plus registration fees and annual dues.  The Sun
Country sales people promise that this membership entitles consumers to
substantial discounts on hotels, condominiums, airfare, cruises and
rental cars.


TETRACO: Residents Complain of Sore Throats After Chemical Plant Fire
---------------------------------------------------------------------
Texas residents who live near the Tetraco chemical plant allege that
they have sore throats, owing to an explosion and fire that occurred at
the plant last week, myWestTexas.com reports.  The residents also
expressed previous doubts about the safety of the plant.

The plant is registered under the name Omega Treating Chemicals with
the Texas Department of Health.  Among the numerous chemicals kept on
site are 12 classified as "acute and chronic" fire hazards, according
to state health department documents.

"We've had itchy, sore throats," Nancy Allison told myWestTexas.com.  
she said she earlier lost pets from toxic fumes in a 2001 fire at the
same south Midland plant.  Her smallest animals seemed to be doing fine
on Saturday, as were her miniature ponies, whose watering troughs were
thoroughly cleaned Friday night.

Carrie Finzel also told myWestTexas.com her son has been suffering from
a sore and itchy throat since the family was forced from their home
during the mandatory evacuation necessitated by the blaze.  "And this
7-month-old also got sick with a runny nose yesterday afternoon," she
said of a friend's child under her care.

Beaumont attorney Brent Coon, who represented some of the residents in
a class action against another area chemical company several years ago,
said chemical plants and residential homes are not a good combination,
myWestTexas.com reports.  "You want to keep residential people away
from those plants," Mr. Coon said. "It is especially dangerous for kids
growing up, because kids have a high risk of being impacted as they are
still developing,"

Tetraco safety director Lezlie Frazier said nothing happens at the
plant outside of regular business hours.  "They work between 7 or 8
a.m. until 5 p.m.," Ms. Frazier told myWestTexas.com.  Due to the
potential combustible nature of the chemicals and at the recommendation
of the FBI, the facility was under private surveillance at night as a
precaution against terrorism, she said.



Meetings, Conferences & Seminars


* Scheduled Events for Class Action Professionals
-------------------------------------------------

February 20-21, 2003
   ASBESTOS LITIGATION 101 CONFERENCE
      Mealey Publications
         The Marriott Hotel, Philadelphia
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

March 3-4, 2003
   TOXIC MOLD LITIGATION
      Marriott East Side Hotel, New York
         Contact: 1-888-224-2480;
            http://www.americanconference.com  

March 3-4, 2003
   PRACTICAL TRAINING FOR THE CLAIMS PROFESSIONAL
      Mealey Publications
         The Westin Hotel, Stamford
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

March 6-7, 2003
   VACCINE LITIGATION CONFERENCE
      Mealey Publications
         The Ritz-Carlton, Boston Commons, Boston
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

March 17-18, 2003
   FEN-PHEN LITIGATION CONFERENCE
      Mealey Publications
         The Fairmont Hotel, Dallas
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

March 20-21, 2003
   FUNDAMENTALS OF INSURANCE COVERAGE LAW
      Mealey Publications
         The Westin Hotel, Philadelphia
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

March 23-24, 2003
   CALIFORNIA ENVIRONMENTAL UPDATE
      Bridgeport Continuing Education
         Long Beach
            Contact: 818-505-1490

March 27-28, 2003
   ASBESTOS LITIGATION
      Hotel Nikko, San Francisco
         Contact: 1-888-224-2480;
            http://www.americanconference.com  

April 2-5, 2003
   INSURANCE INSOLVENCY & REINSURANCE ROUNDTABLE
      Mealey Publications
         The Fairmont Scottsdale Princess, AZ
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

April 4-5, 2003
   TOXIC TORT IN CALIFORNIA
      Bridgeport Continuing Education
         San Francisco
            Contact: 818-505-1490

April 4-5, 2003
   TOXIC TORT AND ENVIRONMENTAL IN CALIFORNIA
      Bridgeport Continuing Education
         Contact: 818-505-1490

April 8, 2003
   SILICA LITIGATION CONFERENCE
      Mealey Publications
         The Ritz-Carlton Hotel Boston
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

April 10-11, 2003
   HANDLING CONSTRUCTION RISKS 2003:
      ALLOCATE NOW OR LITIGATE LATER
         Practising Law Institute
            PLI New York Center
               Contact: 800-260-4PLI; info@pli.edu.

April 15, 2003
   WALL STREET FORUM: ASBESTOS
      Mealey Publications
         The Ritz-Carlton Hotel Battery Park
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

April 28-29, 2003
   EPHEDRA LITIGATION CONFERENCE
      Mealey Publications
         The Ritz-Carlton Huntington Hotel & Spa, Pasadena, CA
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

April 28-29, 2003
   BAD FAITH AND PUNITIVE DAMAGES
      Hotel Nikko, San Francisco
         Contact: 1-888-224-2480;
            http://www.americanconference.com  

May 1-2, 2003
   ASBESTOS LITIGATION 2003
      Andrews Publication
         New Orleans Grande Hotel, New Orleans
            Contact: seminar@andrewspub.com

May 14-15, 2003
   CALIFORNIA ENVIRONMENTAL UPDATE
      Bridgeport Continuing Education
         San Jose
            Contact: 818-505-1490

June 2-3, 2003
   BAYCOL LITIGATION CONFERENCE
      Mealey Publications
         The Ritz-Carlton Hotel Amelia Island, FL
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

June 2-3, 2003
   ASBESTOS BANKRUPTCY CONFERENCE
      Mealey Publications
         The Westin Hotel Philadelphia
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

June 9, 2003
   ANTI-SLAPP STATUTE CONFERENCE
      Mealey Publications
         The Ritz-Carlton Huntington Hotel & Spa
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

June 9, 2003
   CCA-TREATED WOOD LITIGATION CONFERENCE
      Mealey Publications
         The Ritz-Carlton Hotel Amelia Island, FL
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

June 12-13, 2003
   ENVIRONMENTAL INSURANCE: PAST, PRESENT AND FUTURE
      American Law Institute
         Boston
            Contact: 215-243-1614; 800-CLE-NEWS x1614

June 16-17, 2003
   LITIGATING EMPLOYMENT DISCRIMINATION &
      SEXUAL HARASSMENT CLAIMS
         Practising Law Institute
            PLI New York Center
               Contact: 800-260-4PLI; info@pli.edu.

June 16-17, 2003
   ASBESTOS LITIGATION 101 CONFERENCE
      Mealey Publications
         The Fairmont Hotel, Dallas
            Contact: 1-800-MEALEYS; 610-768-7800;
               mealeyseminars@lexisnexis.com

September 8-9, 2003
   CORPORATE GOVERNANCE: LIABILITY OF CORPORATE
      OFFICERS AND DIRECTORS
         Mealey Publications
            The Ritz-Carlton Hotel Amelia Island, FL
               Contact: 1-800-MEALEYS; 610-768-7800;
                  mealeyseminars@lexisnexis.com

TBA
   Water Contamination Litigation Conference
      Mealey Publications
         Contact: 1-800-MEALEYS; 610-768-7800;
            mealeyseminars@lexisnexis.com

TBA
   Fair Labor Standards Conference
      Mealey Publications
         Contact: 1-800-MEALEYS; 610-768-7800;
            mealeyseminars@lexisnexis.com


* Online Teleconferences
------------------------

February 06-28, 2003
   ETHICAL CONSIDERATIONS IN MASS TORT
      AND CLASS ACTION LITIGATION IN TEXAS
         CLE Online Seminar
            Contact: 512-778-5665; info@cleonline.com

February 06-28, 2003
   NBI PRESENTS "LITIGATING THE CLASS
      ACTION LAWSUIT IN FLORIDA
         CLE Online Seminar
            Contact: 512-778-5665; info@cleonline.com

May 14, 2003
   CLASS ACTION BASICS
      ABA-CLE
         Contact: 800-285-2221; abacle@abanet.org

PAXIL LITIGATION
   LawCommerce.Com
      Contact: customerservice@lawcommerce.com

INTRODUCTION TO CLASS ACTIONS AND LARGE RECOVERIES
   Big Class Action
      Contact: seminars@bigclassaction.com

RECOVERIES
   Big Class Action
      Contact: seminars@bigclassaction.com

SHOULD I FILE A CLASS ACTION?
   LawCommerce.Com
      Contact: customerservice@lawcommerce.com

THE EFFECTS OF ASBESTOS ON THE PULMONARY SYSTEM
   LawCommerce.Com
      Contact: customerservice@lawcommerce.com

THE STATE OF ASBESTOS LITIGATION: JUDICIAL PANEL DISCUSSION
   LawCommerce.Com
      Contact: customerservice@lawcommerce.com

TRYING AN ASBESTOS CASE
   LawCommerce.Com
      Contact: customerservice@lawcommerce.com

______________________________________________________________________
The Meetings, Conferences and Seminars column appears in the Class
Action Reporter each Wednesday. Submissions via e-mail to
carconf@beard.com are encouraged.


                     New Securities Fraud Cases


AMERCO: Schiffrin & Barroway Launches Securities Fraud Suit in NV Court
-----------------------------------------------------------------------
Schiffrin & Barroway, LLP initiated a securities class action in the
United States District Court for the District of Nevada on behalf of
all purchasers of the common stock of Amerco (Nasdaq: UHAL) from
February 12, 1998 to September 26, 2002, inclusive.  In addition, this
action has been filed on behalf of Amerco 8.5% Series A preferred
shareholders who purchased their shares between February 12, 1998 and
October 15, 2002.

The complaint charges Amerco and certain of its officers and directors
with issuing false and misleading statements concerning its business
and financial market.  Specifically, the complaint alleges that during
the class period, defendants caused Amerco to engage in transactions
with SAC Holding Corporation and SAC Holding Corporation II (SAC
Holdings), which falsely improved Amerco's financials, and which served
to benefit Amerco insiders to the detriment of Amerco shareholders.

According to the complaint, defendants failed to disclose the true
nature and financial impact of the transactions to the public.  The
complaint further alleges that Amerco failed to disclose that
Defendants used Amerco's resources to identify, purchase, and/or
develop self- storage properties, which it then sold to SAC Holdings
for inadequate consideration or caused SAC Holdings to buy.  SAC
Holdings, owned and controlled by Amerco insiders, thereby received
substantial benefit from transactions which otherwise served to falsely
improve Amerco's financials.

On September 26, 2002, Amerco restated its 2002 financial results in an
amended 10-K for the year ended March 31, 2002, and restated its 2001
and 2000 financials for the second time.  The complaint charges that as
a result of the defendants' false and misleading statements during the
class period, Amerco's stock price was artificially inflated, averaging
approximately $18 per share.  In the weeks following news of the above
events, Amerco's share price tumbled to less than $5, causing the class
to suffer damages, according to the complaint.

Moreover, on October 15, 2002, Amerco defaulted on a $100 million bond
issue payment.  The very next day, Amerco preferred stock fell to a
class period low of $8.55.

For more details, contact Marc A. Topaz or Stuart L. Berman by Mail:
Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004 by Phone: 1-
888-299-7706 (toll free) or 1-610-667-7706 by E-mail:
info@sbclasslaw.com or visit the firm's Website:
http://www.sbclasslaw.com/cgi/signup.cgi


AMERICREDIT CORPORATION: Scott + Scott Files Securities Suit in N.D. TX
-----------------------------------------------------------------------
Scott + Scott, LLC initiated a securities class action in the United
States District Court for the Northern District of Texas on behalf of
purchasers of AmeriCredit Corporation (NYSE: ACF -News) publicly traded
securities during the period between April 14, 1999 and January 15,
2003.

The complaint charges the Company and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.  The
Company is a national consumer finance company specializing in
purchasing, securitizing and servicing automobile loans.  The complaint
alleges violations of the federal securities laws arising out of
defendants' issuance of false and misleading statements about the
Company's business, operating performance and prospects.  Specifically,
defendants were improperly deferring delinquent loans to avoid consumer
defaults so the Company would have access to cash which otherwise would
have been restricted.

For more details, contact David R. Scott or Neil Rothstein by Mail: 108
Norwich Avenue, Colchester, Connecticut 06415 by Phone: 800/404-7770 by
Fax: 860/537-4432 or by E-mail: drscott@scott-scott.com or
nrothstein@scott-scott.com


ATMEL CORPORATION: Spector Roseman Commences Securities Suit in N.D. CA
-----------------------------------------------------------------------
Spector, Roseman & Kodroff, PC initiated a securities class action in
the United States District Court for the Northern District of
California on behalf of purchasers of Atmel Corporation (Nasdaq:ATML)
between January 20, 2000 and July 31, 2002, inclusive.

The suit alleges that the Company and certain of its officers and
directors violated the Securities Exchange Act of 1934 by issuing
materially false and misleading statements to the market during the
class period.  Specifically, the suit alleges that defendants caused
Atmel's shares to trade at artificially inflated levels through the
issuance of false and misleading financial statements, all the time
concealing that Atmel was selling defective chips to its customers
which would lead to product recalls, repairs and loss of customer
relationships.

On July 31, 2002, media reports indicated that the Company had been
sued by a major customer, Seagate Technology Inc., for selling
defective chips which led to defects in millions of disk drives.  On
this news, the Company's stock price declined to $2.96.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 by
E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.com.  


BIO-TECHNOLOGY GENERAL: Spector Roseman Commences Securities Suit in NJ
-----------------------------------------------------------------------
Spector, Roseman & Kodroff, PC initiated a securities class action in
the United States District Court for the District of New Jersey on
behalf of purchasers of Bio-Technology General Corporation
(Nasdaq:BTGC) between April 19, 1999 and August 2, 2002, inclusive.

The suit alleges Bio-Technology defrauded investors by releasing false
and misleading financial statements about its revenue and earnings,
causing the company's stock to reach an artificially high price.  On
August 2, 2002 the Company announced that it would have to revise and
restate its prior financial results for 1999, 2000, 2001 and the first
quarter of 2002.  According to the complaint, the Company violated
Generally Accepted Accounting Principles and Securities and Exchange
Commission rules, improperly accounting for:

     (1) development and startup costs associated with a new drug;

     (2) compensation charges resulting from stock option awards to
         certain employees and former employees; and

     (3) revenue from a 1999 product sale in which significant
         uncertainties about the realization of the invoiced amount
         arose.

Bio-Technology stock fell from a high of $4.16 on August 1, 2002 to a
low of $3.49 on August 2, 2002.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 or
by E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.com.  


BLOCKBUSTER INC.: Milberg Weiss Commences Securities Lawsuit in N.D. TX
-----------------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach initiated a securities class
action in the United States District Court for the Northern District of
Texas on behalf of purchasers of Blockbuster Inc. (NYSE:BBI) publicly
traded securities during the period between April 24, 2002 and December
17, 2002.

The complaint charges the Company and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.  The
Company is a provider of rentable home videocassettes, DVDs and video
games, with nearly 8,000 stores in the United States and 26 other
countries as of Dec. 31, 2001.

The complaint alleges that during the class period, defendants issued a
series of positive representations regarding the Company's financial
performance and future prospects.  These statements were each
materially false and misleading, as they misrepresented and/or omitted
the following true facts which were known by each of the defendants,
but concealed from the investing public:

     (1) The Company was being negatively affected by a decline in
         rental game margins, 50% vs. 66% in the comparable quarter;

     (2) The Company's fiscal 2003 projections factored out the Video-
         on-Demand impact on the Company's revenue and income;

     (3) The Company's core rental business was eroding as the purchase
         price of DVDs had steadily declined and consumers were induced
         to "purchase" as opposed "rent" DVDs, a less profitable
         business for the Company; and

     (4) That as a result, defendants did not and could not have
         genuinely believed their projections for the Company's
         financial results for fiscal 2002 and beyond were accurate
         when made.

As a result of defendants' false statements, Blockbuster's stock price
traded at inflated levels during the class period, increasing to as
high as $30 per share on May 2, 2002, whereby defendants sold more than
$13 million worth of their own shares.

For more details, contact William Lerach by Phone: 800/449-4900 by E-
mail: wsl@milberg.com or visit the firm's Website:
http://www.milberg.com


CARREKER CORPORATION: Spector Roseman Lodges Securities Suit in N.D. TX
-----------------------------------------------------------------------
Spector, Roseman & Kodroff, PC initiated a securities class action in
the United States District Court for the Northern District of Texas on
behalf of purchasers of the securities of Carreker Corporation
(Nasdaq:CANIE) between May 20, 1998 and December 10, 2002, inclusive.

The suit alleges that defendants violated the Securities Exchange Act
of 1934 by issuing a series of materially false and misleading
statements to the market during the class period.  Specifically, it is
alleged that during the class period Carreker filed financial
statements with the SEC which represented that the Company was
consistently delivering numerous consecutive quarters of record,
double-digit growth, which the Company attributed to the strong demand
for its products and Carreker's business model.

These statements failed to disclose that the Company had been
improperly recognizing revenues throughout class period, thereby
artificially inflating its revenues, income and earnings per share.  On
December 10, 2002, the Company issued a press release announcing that
it was investigating whether revenues were improperly recognized by
being booked at once instead of ratably over a period of time, as
required by applicable generally accepted accounting principles.

Subsequently, the SEC initiated an investigation, which is ongoing,
into the Company's accounting practices.  On January 28, 2003, the
Company announced that it will be restating the financial reports it
has filed since 1998.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 by
E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.com.  


CLEARONE COMMUNICATIONS: Spector Roseman Launches Securities Suit in UT
-----------------------------------------------------------------------
Spector, Roseman & Kodroff, P.C. initiated a securities class action in
the United States District Court for the District of Utah against
ClearOne Communications, Inc. (Nasdaq:CLRO) and certain ClearOne
executives, on behalf of all purchasers of ClearOne securities between
January 1, 2001 and January 15, 2003, inclusive.

The suit alleges that defendants violated the Federal Securities Laws
by issuing a number of false and misleading press releases concerning
ClearOne's financial results and business prospects.  The suit further
alleges that in order to inflate the price of ClearOne's stock,
defendants caused the Company to falsely report its financial results
during the class period through improper revenue recognition practices,
including recognizing revenue for shipments to distributors even though
the distributors had the right to return or exchange unsold goods.

On January 15, 2003, the Securities and Exchange Commission filed a
federal lawsuit alleging that defendants violated numerous federal
securities laws, primarily through a program of "channel stuffing" --
shipping large amounts of inventory to the company's distributors with
the understanding that the distributors did not have to pay for these
products until the distributors resold the products, and that in some
instances the distributors were given the right to return or exchange
products the distributors were unable to sell.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 by
E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.com.  


HOTELS.COM: Scott + Scott Commences Securities Fraud Lawsuit in N.D. TX
-----------------------------------------------------------------------
Scott + Scott, LLC initiated a securities class action in the United
States District Court for the Northern District of Texas on behalf of
purchasers of Hotels.com. (Nasdaq: ROOM) stock during the period
between October 23, 2002 through January 6, 2003.

The complaint charges the Company and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.  The
Company is an online consolidator of hotel accommodations, contracting
with hotels in advance for volume purchases and guaranteed availability
of hotel rooms at wholesale prices which are then sold to customers.

On October 10, 2002, USA Interactive announced that it was ending its
ongoing process to acquire all of the shares of Hotels.com that it did
not own.  Hotels.com then claimed that its prospects were "excellent"
and days later, on October 23, 2002, the Company projected phenomenal
growth for its Q4, including Q4 02 revenue of 289 million and cash
earnings per share of $0.46 to $0.47.  These projections, on top of the
Company's October 10, 2002 announcement, sent the Company's shares
soaring to above $60 per share, eventually hitting a class period high
of $75 on December 2, 2002.

Then on January 6, 2003, with more than $42 million of insider trading
proceeds, the defendants announced that the Company would fall
materially short of hitting its forecasted projections.  On this news,
the Company's shares dropped to $44 from $59, a market cap loss of more
than $855 million.

For more details, contact David R. Scott or Neil Rothstein by Mail: 108
Norwich Avenue, Colchester, Connecticut 06415 by Phone: 800/404-7770 by
Fax: 860/537-4432 by E-mail: drscott@scott-scott.com or
nrothstein@scott-scott.com or visit the firm's Website:
http://www.scott-scott.com/news/news.htm


INTERSTATE BAKERIES: Charles Piven Commences Securities Suit in W.D. MO
-----------------------------------------------------------------------
The Law Offices Of Charles J. Piven, PA initiated a securities class
action on behalf of shareholders who purchased, converted, exchanged or
otherwise acquired the common stock of Interstate Bakeries Corporation
(NYSE: IBC) between September 17, 2002 and December 17, 2002,
inclusive.  The case is pending in the United States District Court for
the Western District of Missouri against the Company.

The action charges that defendant violated 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 details, contact Charles J. Piven, PA by Mail: The World Trade
Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore,
Maryland 21202 by Phone; 410-986-0036 or by E-mail:
hoffman@pivenlaw.com


MICROTUNE INC.: Schiffrin & Barroway Lodges Securities Suit in E.D. TX
----------------------------------------------------------------------
Schiffrin & Barroway, LLP initiated a securities class action in the
United States District Court for the Eastern District of Texas, Sherman
Division on behalf of all purchasers of the common stock of Microtune,
Inc. (Nasdaq: TUNE) from April 22, 2002 to February 20, 2003,
inclusive.

The complaint charges the Company and certain of its officers and
directors with issuing false and misleading statements concerning its
business and financial condition.  Specifically, the complaint alleges
that defendants issued numerous statements and filed quarterly reports
with the SEC which described the Company's increasing revenues and
financial performance.

These statements were materially false and misleading because they
failed to disclose and/or misrepresented the following adverse facts,
among others:

     (1) that the Company had materially overstated its revenue by
         immediately recognizing as revenue certain sales which should
         have been categorized as deferred revenue, as payment was not
         assured and in fact was not made for substantial periods of
         time;

     (2) that the Company failed to disclose that a material portion of
         its revenues had not in fact been paid for;

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

     (4) as a result of the foregoing, the Company's financial
         statements issued during the class period were materially
         false and misleading.

On February 20, 2003, the last day of the class period, after the close
of regular trading, Microtune shocked the market by announcing that its
loss for the fourth quarter of 2002, the period ending December 31,
2002, was $80.2 million, or almost double the loss of $47 million which
it had reported in the same period of the prior year.  Despite having
shipped $16.1 million of product during the fourth quarter of 2002, the
Company announced that it would only be reporting revenues of $2.2
million "as a result of charges relating to five customers, including
(a) credits granted and/or (b) lack of timely payments."

As a result of this development, the Company announced that its Board
of Directors has directed its audit committee to conduct an inquiry of
the events that led to these "material negative charges."  The next
morning, when the market opened for trading, shares of Microtune fell
more than 35%, to approximately $1.20 per share, a far cry below their
Class Period high of $13.81 per share, on extremely heavy trading
volume.

For more details, contact Marc A. Topaz or Stuart L. Berman by Phone:
Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004 by Phone: 1-
888-299-7706 (toll free) or 1-610-667-7706 by E-mail:
info@sbclasslaw.com or visit the firm's Website:
http://www.sbclasslaw.com


MICROTUNE INC.: Cauley Geller Launches Securities Fraud Suit in E.D. TX
-----------------------------------------------------------------------
Cauley Geller Bowman Coates & Rudman, LLP initiated a securities class
action in the United States District Court for the Eastern District of
Texas, Sherman Division, on behalf of purchasers of Microtune, Inc.
(Nasdaq: TUNE) common stock during the period between April 22, 2002
and February 20, 2003, 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 to the
market between April 22, 2002 and February 20, 2003, thereby
artificially inflating the price of Microtune common stock.  Throughout
the class period, as alleged in the suit, defendants issued numerous
statements and filed quarterly reports with the SEC which described the
Company's increasing revenues and financial performance.

These statements were materially false and misleading because they
failed to disclose and/or misrepresented the following adverse facts,
among others:

     (1) that the Company had materially overstated its revenue by
         immediately recognizing as revenue certain sales which should
         have been categorized as deferred revenue, as payment was not
         assured and in fact was not made for substantial periods of
         time;

     (2) that the Company failed to disclose that a material portion of
         its revenues had not in fact been paid for;

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

     (4) as a result of the foregoing, the Company's financial
         statements issued during the class period were materially
         false and misleading.

On February 20, 2003, the last day of the class period, after the close
of regular trading, Microtune shocked the market by announcing that its
loss for the fourth quarter of 2002, the period ending December 31,
2002, was $80.2 million, or almost double the loss of $47 million which
it had reported in the same period of the prior year.  Despite having
shipped $16.1 million of product during the fourth quarter of 2002, the
Company announced that it would only be reporting revenues of $2.2
million "as a result of charges relating to five customers, including
(a) credits granted and/or (b) lack of timely payments."

As a result of this development, the Company announced that its Board
of Directors has directed its audit committee to conduct an inquiry of
the events that led to these "material negative charges."  The next
morning, when the market opened for trading, shares of Microtune fell
more than 35%, to approximately $1.20 per share, a far cry below their
class period high of $13.81 per share, on extremely heavy trading
volume.

For more details, contact Samuel H. Rudman, David A. Rosenfeld, Jackie
Addison, Heather Gann or Sue Null by Mail: P.O. Box 25438, Little Rock,
AR 72221-5438 by Phone: 1-888-551-9944 by E-mail: info@cauleygeller.com
or visit the firm's Website: http://www.cauleygeller.com


MOTOROLA INC.: Scott + Scott Commences Securities Fraud Suit in N.D. IL
-----------------------------------------------------------------------
Scott + Scott, LLC initiated a securities class action in the United
States District Court for the Northern District of Illinois on behalf
of purchasers of the securities of Motorola, Inc. (NYSE: MOT) between
February 3, 2000 and April 6, 2001.

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 February 3, 2000 and April 6, 2001, thereby artificially
inflating the price of Motorola securities.

Throughout the class period, as alleged in the complaint, defendants
issued numerous statements and filed reports with the SEC which
described a $1.5 billion agreement between Motorola and Telsim, under
which Motorola would provide infrastructure, handsets and associated
services to enable Telsim to expand its countrywide global system for
mobile communications network in Turkey.  As alleged in the complaint,
these statements were materially false and misleading because
defendants failed to disclose, among other things:

     (1) the extent to which the Telsim transaction was being supported
         by vendor financing;

     (2) the level of risk which Motorola was exposed to by providing
         such vendor financing; and

     (3) that the vendor financing was secured primarily by a pledge of
         the Telsim's stock.

On March 30, 2001, Motorola filed its Proxy Statement with the SEC and
disclosed for the first time that it had provided over $1.5 billion of
vendor financing in connection with the Telsim deal.  As the market
slowly began to digest this information, Motorola's common stock fell
from a closing price of $14.95 per share on April 5, 2001, to close at
$11.50 per share on April 6, 2001 - a one day decline of 23%, on
extremely heavy trading volume of 64 million shares traded.

For more details, contact David R. Scott or Neil Rothstein by Mail: 108
Norwich Avenue, Colchester, Connecticut 06415 by Phone: 800/404-7770 by
Fax: 860/537-4432 or by E-mail: drscott@scott-scott.com or
nrothstein@scott-scott.com


PARAMETRIC TECHNOLOGY: Spector Roseman Commences Securities Suit in MA
----------------------------------------------------------------------
Spector, Roseman & Kodroff, PC initiated a securities class action in
the United States District Court for the District of Massachusetts
against Parametric Technology Corporation (Nasdaq:PMTC) and certain
officers of the Company, on behalf of all purchasers of Parametric
securities between October 19, 1999 and December 31, 2002, inclusive.

The suit charges that defendants violated the Securities Exchange Act
of 1934 by issuing a series of materially false and misleading
statements to the market during the class period.  The suit alleges
that Parametric issued numerous statements and filed reports with the
SEC which described the Company's supposedly increasing revenues and
financial performance.  These statements overstated the Company's
revenue since fiscal 1999, in violation of generally accepted
accounting principles.

On December 31, 2002, Parametric issued a press release announcing a
"$20 to $25 million of previously recognized maintenance revenue which
should have been deferred and recognized in fiscal 2003 and later
periods."  Accordingly, the Company announced, it "expects to report a
corresponding reduction in maintenance revenue in prior periods,
primarily in fiscal year 2002."

In reaction, on January 2, 2003, shares of Parametric closed at $2.19
per share, after hitting an intraday low of $1.95, as compared with a
class period high of $32.88 per share, reached on December 16, 1999.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 by
E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.com.  


SAWTEK INC.: Milberg Weiss Commences Securities Fraud Suit in M.D. FL
---------------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP initiated a securities class
action on behalf of all persons who purchased securities of Sawtek,
Inc. (formerly Nasdaq: SAWS), currently a subsidiary of TriQuint
Semiconductor, Inc. (Nasdaq:TQNT) between January 27, 2000 and May 24,
2001, inclusive, in the United States District Court for the Middle
District of Florida, Tampa Division, against the Company and:

     (1) Kimon Anemogiannis (President and CEO since November 14,
         2000),

     (2) Gary A. Monetti (CEO from October 1, 1999 to November 14, 2000
         and director) and

     (3) Raymond A. Link (Senior V. P.-Finance, Treasurer and CFO)

The complaint charges 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 materially false and misleading
statements to the market between January 27, 2000 and May 24, 2001.

The suit charges the Company and certain of its executive officers with
violations of federal securities laws.  Among other things, plaintiff
claims that defendants' material omissions and the dissemination of
materially false and misleading statements concerning the Company's
business operations and financial performance caused Company stock
price to become artificially inflated, inflicting damages on investors.  
The Company designs, develops, manufactures and markets a broad range
of electronic signal processing components, based on "surface acoustic
wave" or SAW technology, primarily for use in the wireless
communications industry.

The complaint alleges that during the class period, defendants
misrepresented Sawtek's financial performance by improper "channel
stuffing" -- inflating revenue by shipping more products than
distributors could sell -- and by disseminating false and misleading
statements concerning the Company's revenue and business prospects
despite a widespread downturn in the wireless and telecommunications
markets.  

The Company's actual financial performance was revealed on May 23,
2001, when defendants' acknowledged that the Company's projected
results for the quarter ending June 30, 2001, would fall well below the
Company's previously issued revenue guidance.  By the close of trading
on the next day, May 24, 2001, Sawtek's stock price had plunged more
than seventeen percent (17%) from the previous day's close as a result
of this news.

For more details, contact Steven G. Schulman or U. Seth Ottensoser by
Mail: One Pennsylvania Plaza, 49th fl. New York, NY, 10119-0165 by
Phone: (800) 320-5081 by E-mail: sawtek@milbergNY.com or contact Maya
Saxena by Mail: 5355 Town Center Road, Suite 900 Boca Raton, FL 33486
by Phone: (561) 361-5000 by E-mail: sawtek@milbergNY.com or visit the
firm's Website: http://www.milberg.com  


TRANSKARYOTIC THERAPIES: Spector Roseman Launches Securities Suit in MA
-----------------------------------------------------------------------
Spector, Roseman & Kodroff, PC initiated a securities class action in
the United States District Court for the District of Massachusetts on
behalf of all purchasers of Transkaryotic Therapies, Inc. (Nasdaq:TKTX)
securities between January 4, 2001 and January 14, 2003, inclusive.

The suit alleges that defendants violated the Federal Securities Laws
by issuing a number of false and misleading press releases concerning
Transkaryotic's financial results and business prospects.  
Specifically, the suit alleges that Transkaryotic failed to disclose
adverse information regarding the prospects for FDA approval of
Repagal, Transkaryotic's drug for the treatment of Fabry Disease.  
While the Company assured investors of FDA approval, it knew that FDA
approval was not imminent because its application did not
satisfactorily address questions raised by the FDA and there were
serious design flaws in the clinical trials which precluded approval.  

On October 3, 2002, the Company announced that approval of Repagal
would be delayed until the first half of 2003.  As a result of this
announcement, the Company's shares dropped to $12.75 on October 3, 2002
from $33.25 the previous day's close.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 by
E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.com.  


TRANSKARYOTIC THERAPIES: Levy & Levy Lodges Securities Suit in MA Court
-----------------------------------------------------------------------
Levy & Levy PC initiated a securities class action in the United States
District Court for the District of Massachusetts on behalf of all
purchasers of Transkaryotic Therapies, Inc. (Nasdaq: TKTX) securities
between January 4, 2001 and January 14, 2003, inclusive.

The suit alleges that defendants violated the Federal Securities Laws
by issuing a number of false and misleading press releases concerning
Transkaryotic's financial results and business prospects.  
Specifically, the suit alleges that Transkaryotic failed to disclose
adverse information regarding the prospects for FDA approval of
Repagal, Transkaryotic's drug for the treatment of Fabry Disease.  
While the Company assured investors of FDA approval, it knew that FDA
approval was not imminent because its application did not
satisfactorily address questions raised by the FDA and there were
serious design flaws in the clinical trials which precluded approval.  
On October 3, 2002, the Company announced that approval of Repagal
would be delayed until the first half of 2003.

As a result of this announcement, the Company's shares dropped to
$12.75 on October 3, 2002 from $33.25 the previous day's close.

For more details, contact Stephen G. Levy by Mail: One Stamford Plaza,
263 Tresser Blvd., 9th Floor, Stamford, CT 06901 by Phone: 800-601-4743
(toll-free) or 203-564-1920 by E-mail: LLNYCT@aol.com or visit the
firm's Website: http://www.levylawfirm.com


UNUMPROVIDENT CORPORATION: Spector Roseman Lodges Securities Suit in TN
-----------------------------------------------------------------------
Spector, Roseman & Kodroff, PC initiated a securities class action in
the United States District Court for the Eastern District of Tennessee
on behalf of purchasers of UnumProvident Corporation (NYSE:UNM) common
stock during the period between May 7, 2001 and February 4, 2003,
inclusive.

The suit alleges that UnumProvident and certain of its officers and
directors violated the Securities Exchange Act of 1934 by issuing a
series of materially false and misleading statements to the market
during the class period.  Specifically, the suit alleges that during
the class period the Company failed to properly record the impairment
to its investments and operated "long-term denial factories," causing
the Company's financial results to be inflated.

As a result, the Company's shares traded at inflated prices enabling
UnumProvident to raise proceeds of $250 million on June 13, 2002 in its
bond offering.  On February 5, 2003, UnumProvident announced that it
had recorded investment losses of $93 million and also reported that it
was responding to Securities and Exchange Commission requests for
information relating to its investment disclosures.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 by
E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.com.  


VERITAS SOFTWARE: Spector Roseman Commences Securities Suit in N.D. CA
----------------------------------------------------------------------
Spector, Roseman & Kodroff, P.C. initiated a securities class action in
the United States District Court for the Northern District of
California on behalf of all persons who purchased the common stock of
Veritas Software Corporation (Nasdaq:VRTS) between January 24, 2001 and
January 16, 2003, inclusive.

The suit alleges that Veritas and certain of its officers and directors
violated the Securities Exchange Act of 1934 by issuing a series of
materially false and misleading statements to the market during the
class period.  On January 17, 2003, the Company announced the
restatement of its 2000 and 2001 financial statements as a result of
its improper accounting for transactions with AOL Time Warner in 2000.  
The release stated in part: "(t)he transactions involved in a $50
million software purchase by AOL and a $20 million advertising services
purchase from AOL." During the class period, the Company's top officers
and directors sold nearly $15 million worth of their Veritas shares to
the unsuspecting public.

For more details, contact Robert M. Roseman by Phone: 888-844-5862 by
E-mail: classaction@srk-law.com or visit the firm's Website:
http://www.srk-law.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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Beard Group, Inc., Washington, D.C.  Enid Sterling, Aurora Fatima
Antonio and Lyndsey Resnick, Editors.

Copyright 2002.  All rights reserved.  ISSN 1525-2272.

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