CAR_Public/030623.mbx               C L A S S   A C T I O N   R E P O R T E R
  
               Monday, June 23, 2003, Vol. 5, No. 122

                           Headlines                            

CENTRAL PARKING: Investors Launch Securities Fraud Lawsuit in TN
FISHER-PRICE: Recalls 233,000 Crib Mobile Toys For Burn Hazard
GOODYEAR TIRE: Liable for $4M in Damages in CO Entran II Suit
HOLOCAUST LITIGATION: Suit V. French Railroad Sent Back to Court
HOMIER DISTRIBUTING: Recalls Extension Cords For Fire Hazard

HOMIER DISTRIBUTING: Recalls 180T Lights For Shock, Fire Hazard
HOMIER DISTRIBUTING: Recalls 54T Work Lights For Shock Hazard
HOUSEHOLD FINANCE: Court Denies Certification To Consumer Suit
INDEPENDENCE BLUE CROSS: Enters Pact with PA Group, Physicians
LAGROU COLD: Indicted for Storing Food in Rat-Infested Warehouse

MARTHA STEWART: Trial Over Imclone Stock Fraud Set January 2004
MTC PHARMACY: Attorney General Commences Suit For Medi-Cal Fraud
NESTLE WATER: Lawyer To Stop Consumer Lawsuit Over Bottled Water

                    New Securities Fraud Cases

CENTRAL PARKING: Charles Piven Lodges Securities Lawsuit in TN
CORNERSTONE PROPANE: Kirby McInerney Files Securities Suit in CA
CREE INC.: Charles Piven Lodges Securities Fraud Suit in M.D. NC
CREE INC.: Milberg Weiss Lodges Securities Fraud Suit in M.D. NC
CREE INC.: Goodkind Labaton Launches Securities Fraud Suit in NC

CRYO-CELL INTERNATIONAL: Milberg Weiss Lodges FL Securities Suit
DAISYTEK INTERNATIONAL: Schatz & Nobel Lodges TX Securities Suit
FEDERAL HOME: Much Shelist Commences Securities Suit in E.D. VA
FREDDIE MAC: Weinstein Kitchenoff Lodges Securities Suit in VA
GUIDANT CORPORATION: Faruqi & Faruqi Files Securities Suit in IN

GUIDANT CORPORATION: Spector Roseman Files Securities Suit in IN
GUIDANT CORPORATION: Fruchter & Twersky Files IN Securities Suit
GUIDANT CORPORATION: Schiffrin & Barroway Files Stock Suit in IN
GUIDANT CORPORATION: Cauley Geller Lodges Securities Suit in IN
TYCO INTERNATIONAL: Charles Piven Lodges Securities Suit in FL

UBUY HOLDINGS: Charles Johnson Lodges Securities Lawsuit in FL

                         *********


CENTRAL PARKING: Investors Launch Securities Fraud Lawsuit in TN
----------------------------------------------------------------
Central Parking Corporation faces several securities class
actions filed in the United States District Court for the Middle
District of Tennessee, alleging that the defendants made
material misrepresentations about the financial condition of the
Company in violation of federal securities laws.  

The suit also names as defendants the Company's former CEO, its
former CFO and its current CEO, and is filed on behalf of
purchasers of the Company's publicly traded securities during
the period between November 4, 2002 to February 13, 2003,
inclusive.

"I strongly believe that there is no merit to the allegations of
wrongdoing made in the lawsuit, and we intend to defend the
lawsuit vigorously," Monroe Carell, Chairman and Chief Executive
Officer said in a press release.


FISHER-PRICE: Recalls 233,000 Crib Mobile Toys For Burn Hazard
--------------------------------------------------------------
Fisher Price is cooperating with the United States Consumer
Product Safety Commission by voluntarily recalling 233,000 Crib
Mobile Toys.  If batteries used in the mobile leak, the caustic
liquid can seep out of the battery compartment, posing a risk of
chemical burns to babies.

Fisher-Price has received 30 reports of batteries leaking from
the toy's battery compartment, including six reports of minor
burn injuries to babies.

These are Sparkling Symphony(tm) Mobile crib toys that attach to
the crib side rail and play music and lights that are activated
by remote control.  Four star and moon characters are suspended
from the mobile, which turns.  The recalled toys have model
number 71985 found on both the lower arm of the mobile and the
back of the remote control. The Fisher-Price logo appears at the
top of the upper arm, over the silver decoration.  The recalled
mobiles were manufactured from October 1999 through November
2000.  A date code is located on the upper arm of the mobile and
on the back of the remote control.

Discount department stores and toy stores nationwide sold these
mobiles between December 1999 and December 2001 for about $25.

For more details, contact the Company by Phone: (800) 357-9460
anytime or visit the firm's Website:
http://www.service.mattel.com.


GOODYEAR TIRE: Liable for $4M in Damages in CO Entran II Suit
-------------------------------------------------------------
The United States District Court in Colorado found Goodyear Tire
& Rubber Company liable for $4 million in damages over its
Entran II hose, which caused defects in in-floor home heating
and sidewalk snowmelting systems, Reuters reports.

The court ruled in a suit filed against the Company and the now-
bankrupt Heatway Radiant Floors and Snowmelting, for which
Goodyear was a secondary supplier.  35 Colorado homeowners filed
the suit, alleging that they had to rip up their floors to
install new heating systems.  

The plaintiffs initially asked the court to award up to $17
million in compensatory damages plus punitive damages.  However,
the jury ruled that Goodyear was neither liable for civil
conspiracy nor liable under the Colorado Consumer Protection
Act.  The jury rejected plaintiffs' claims that their homes were
worth less because they had to install new systems.

The Company told Reuters it will appeal the award, but also said
it feels vindicated that it was not found liable on those
"unwarranted" charges.  The Company had argued that the problems
arose because the Entran II system was not properly maintained,
allowing the rubber to corrode.

William Maywhort of Holland & Hart, who represented the
homeowners, told Reuters he was very happy with the award.  US
District Judge Lewis Babcock, who presided over the seven-week
long trial, will decide whether "prejudgment" interest will
start from the time the systems were installed in the early
1990s or when the homeowners had to pay for repairs, several
years later.  The interest is set by law and is currently around
8 percent, Mr. Maywhort said.

A class action is scheduled to begin in Colorado state court on
similar allegations, next month. However, Goodyear's attorney
Roger Thomasch told the court that attorneys were working on a
"global settlement."

Goodyear spokesman William Scherer later said the company was
exploring options to "put this completely behind us" but because
of the confidential nature of talks could not comment further,
Reuters reports.


HOLOCAUST LITIGATION: Suit V. French Railroad Sent Back to Court
----------------------------------------------------------------
The United States Second Circuit Court in Brooklyn revived the
suit filed against the French national railroad Societe
Nationale des Chemins de Fer on behalf of holocaust survivors
and heirs, sending it back to the United States District Court
in Brooklyn, New York, the Associated Press reports.

The suit charged the railroad of profiting after it delivered
72,000 Jews and others to Nazi concentration camps during World
War II, billing the German and French Governments per person per
kilometer.  The suit was dismissed in 2001 after a federal judge
said the railroad was immune from American litigation under the
Foreign Sovereign Immunities Act of 1976.

The appeals court said it was not clear whether the State
Department in the 1940s would have authorized the litigation, as
it would have been asked to do before the 1976 Congressional
act, the New York Times reported.

"It's a big victory for us," Harriet Tamen, a lawyer for the
firm that filed the case in 2000, told the Times.

Andreas Lowenfeld, who argued on behalf of the railroad, told AP
his clients may appeal.


HOMIER DISTRIBUTING: Recalls Extension Cords For Fire Hazard
------------------------------------------------------------
Homier Distributing Co., Inc. is cooperating with the United
States Consumer Product Safety Commission by voluntarily
recalling 150,000 HDS Extension Cords.  The cords have
undersized wiring, which are not polarized and do not have
overcurrent protection.  This may cause overheating and pose a
shock and fire hazard to customers.

The products involved are HDC Brand 50-ft. Outdoor Extension
Cord (Catalog #04247) and HDC Brand 100-ft. Outdoor Extension
Cord (Catalog #04521).  The 50-ft. cords are orange and have a
three-prong plug.  There is no labeling on the cord but the
packaging reads, "HDC HOMIER DISTRIBUTING . 04247 50 FT. HEAVY
DUTY EXTENSION CORD WITH 3-WIRE GROUNDED . MANUFACTURED IN
CHINA."  

The 100-ft. cords also are orange and have a three-prong plug.  
The characters "65 C 16AWGX3C" are printed on the cord.  The
packaging reads, "HDC HOMIER DISTRIBUTING . 04521 100 FT.
OUTDOOR EXTENSION CORD . MANUFACTURED IN CHINA"

For more details, contact the Company by Mail: Homier
Distributing Co., Customer Service Center, 100 Commerce
Drive, Huntington, IN 46750 by Phone: (800) 348-5004 between 8
am and 5 pm ET Monday through Friday or by E-mail:
www.customerservice@homier.com


HOMIER DISTRIBUTING: Recalls 180T Lights For Shock, Fire Hazard
---------------------------------------------------------------
Homier Distributing Co., Inc. is voluntarily recalling 180,000,
HDC Brand Handyman's Trouble Lights (Catalog #04299) and HDC
Brand Trouble Light with 25' Cord (Catalog #04109). The lights
have undersized wiring, are not properly polarized.  The lights
also have inadequate grounding, faulty electrical connections,
and plastic handles that once ignited continue to burn and
spread flames, posing a shock, electrocution and fire hazard to
consumers.

The Handyman's trouble lights have a silver metal shroud, an
orange plastic handle with a three-prong receptacle for an
extension cord, and a 12-ft. orange cord.  The metal shroud has
the following labeling stamped into it, "CAUTION AVOID HAZARD -
PULL PLUG WHEN RELAMPING - USE ONLY 75 WATT OR SMALLER BULB."  

The Trouble Lights with 25' Cord have a silver metal shroud, an
orange plastic handle with a three-prong receptacle for an
extension cord, and a 25-ft. orange cord with a three-prong
plug.  The metal shroud has the same words stamped into it as
the 12-ft. model.  The cords were manufactured in China.

For more details, contact the Company by Mail: Homier
Distributing Co., Customer Service Center, 100 Commerce Drive,
Huntington, IN 46750 by Phone: (800) 348-5004 between 8 a.m. and
5 p.m. ET Monday through Friday or by E-mail:
www.customerservice@homier.com


HOMIER DISTRIBUTING: Recalls 54T Work Lights For Shock Hazard
-------------------------------------------------------------
Homier Distributing Co., Inc. is cooperating with the United
States Consumer Product Safety Commission by voluntarily
recalling 54,000 HDC Brand 16-inch AC/DC Fluorescent Work Lights
(Catalog #04070).  The lights lack proper grounding, have
exposed live wires, faulty electrical connections, and have
sharp metal edges that can damage the insulation of electrical
wires, posing a shock or electrocution hazard to consumers.

The work lights have a 16-inch fluorescent light bulb with a
silver metal shield on one side and can be plugged into a
household outlet or the cigarette lighter in a car. The metal
shield is labeled in part, "3 PINS PLUG TO AC, 110V-120V
CIGARETTE PLUG TO DC, 12V... MADE IN CHINA...WARNING: To Prevent
Fire or Shock Do Not Expose This Appliance to Rain or Moisture."  
The entire light is about 20 inches long and the bulb and shield
are encased in a plastic tube with yellow end caps.

The Company has received one report of an individual who
sustained an electric shock and burn injury using the
fluorescent work light near his car.

Traveling sales shows nationwide, the company's two retails
stores (in Huntington and Lafeyette, Ind.) and online at
http://www.homier.comfrom January 2000 through May 2003 for  
between $3 and $7.

For more details, contact the Company by Mail: Homier
Distributing Co., Customer Service Center, 100 Commerce
Drive, Huntington, IN 46750 by Phone: (800) 348-5004 between 8
a.m. and 5 p.m. ET Monday through Friday or by E-mail:
www.customerservice@homier.com


HOUSEHOLD FINANCE: Court Denies Certification To Consumer Suit
--------------------------------------------------------------
The United States District Court in Seattle, Washington denied
class certification to a lawsuit filed against Household Finance
Corporation on behalf of 11,000 state residents, alleging
massive consumer fraud, the Seattle Times reports.

The suit charges the Company with misrepresenting the true terms
of a loan, inserting onerous "prepayment" penalties for getting
out of loans and failing to disclose important information to
consumers.  

The charges were also the subject of a settlement the Company
forged with attorneys general nationwide, including Washington
to settle charges of predatory-lending practices.  The
settlement apportioned nearly $21 million for Washington
residents - the same borrowers who were potential plaintiffs in
the suit and in some of the other cases yet to be decided.

In his ruling, Judge Lasnik found the arguments for the four
proposed classes the plaintiffs wanted certified legally flawed.  
He concluded the largest of the four proposed classes - all
persons who refinanced an existing home loan after January 1,
1999, and received an interest rate more than they had been
paying - was "over-inclusive."  He said there could be
legitimate reasons why a particular borrower chose to increase
his payments, such as consolidating loans.

He further ruled with respect to the other proposed classes,
that individual circumstances about what motivated a particular
borrower to do business with Household overshadowed common
questions.  Judge Lasnik also ruled that he had no doubt that
some borrowers were duped, but he was likewise convinced that
other borrowers understood the terms of the deals they made.

The denial of class certification for the suit could spell
financial ruin for many borrowers, who were counting on their
day in court, lead plaintiff Jeanie Luna of Bellingham, told the
Times.

"It's going to cause a lot of bankruptcies," she predicted in a
Times phone interview.  "Because people don't have the money to
fight (Household in court individually) or to hold on any
longer."

A spokeswoman for the Company characterized Lasnik's decision as
"very important," the Times reported.

The Company faces similar suits across the country, and a lawyer
familiar with them said she would need to study the decision to
determine how influential it will be.

Bob Parlette, the lead lawyer for the plaintiffs, told the Times
he was disappointed by Lasnik's ruling.  He criticized the state
settlement as "grossly inadequate" partly because it didn't undo
high interest rates or stop future foreclosure actions.

Lawyer for the plaintiffs Tony Rafel told the Times that options
include asking Judge Lasnik to reconsider, appealing the
decision to the 9th US Circuit Court of Appeals and bringing a
number of individual actions against Household.


INDEPENDENCE BLUE CROSS: Enters Pact with PA Group, Physicians
--------------------------------------------------------------
The Independence Blue Cross (IBC), The Pennsylvania Orthopaedic
Society and three local physicians reached a settlement in the
class action brought by the providers in connection with their
payment and reimbursement for services, procedures and products.

The settlement with The Pennsylvania Orthopaedic Society, Dr.
Robert P. Good, Dr. John R. Gregg and Dr. Vincent J. DiStefano
on behalf of a settlement class, will address providers'
concerns, simplify and streamline the reimbursement process for
providers, and result in additional reimbursement to providers.

Under the agreement, IBC will:

     (1) disclose to providers the standard fee schedules, and
         changes in fee schedules, that are applicable to the
         provider's specialty;

     (2) disclose policies or procedures that may impact the
         payment or reimbursement that a provider receives for
         services rendered;

     (3) process claims in accordance with established standards
         in various areas, including multiple surgery,
         radiologic guidance during a procedure, and certain
         claim specific modifiers used in billing;

     (4) replace the independent procedure designation with the
         separate procedure designation of the Current
         Procedural Terminology;

     (5) establish a formal resolution process for provider
         payment disputes.

The estimated financial impact of the processing changes will be
approximately $40 million in additional claims payments to
providers over the next two years.

The settlement will apply to all providers who submitted claims
for payment or reimbursement to IBC and/or any Released Party
for medical services, procedures and/or products, and who have
been, claim to have been and/or may have been denied payment or
reimbursement or have, claim to have, and/or may have received
reduced payment or reimbursement on such claims.

The settlement class includes, but is not limited to, all claims
by providers for downcoding and/or bundling, however described
or characterized.

Both the Company and the physicians called the terms of the
settlement fair, reasonable, adequate and in the best interests
of the settlement class and its representatives.  While IBC
denies the allegations of the class action, it has agreed to the
settlement in order to avoid lengthy, complex and time-consuming
litigation, and is pleased that the resulting settlement will
address providers' concerns, simplify and streamline the
reimbursement process for providers, and result in additional
reimbursement to providers.

While the settling doctors believed they had meritorious claims,
they too entered the Settlement Agreement to avoid lengthy,
complex and time-consuming litigation.  They believe that the
settlement is in the best interests of providers.


LAGROU COLD: Indicted for Storing Food in Rat-Infested Warehouse
----------------------------------------------------------------
LaGrou Cold Storage, Inc. and three of its executives were
indicted on conspiracy charges, after more than 22 million
pounds of contaminated food was seized by federal agents from a
rat infested warehouse on Chicago's west side a year ago, the
Associated Press reports.  The indictment was against the
Company, its president and CEO, Jack Stewart, 53, director of
sales Michael Faucher, 45, and warehouse manager David Smith,
43.

Meat, fish, cheese, butter and other foods were impounded at the
warehouse after a federal inspection of the building.  
Prosecutors declined to describe just how badly the 86-year-old
warehouse on Chicago's West Side was contaminated, but officials
said the seizure was one of the largest of spoiled food in
government history.

The defendants allegedly lied to customers who stored food in
the warehouse, telling them the goods were damaged because of
forklifts or faulty packaging.  They did not mention that rats
had overrun the warehouse.  The defendants did not take
corrective action, but instead sent employees on "rat patrols"
to remove dead rodents and droppings, the indictment said,
according to AP.  It said some internal records marked products
contaminated by rodents with the initials "MM" - for Mickey
Mouse, according to prosecutors.

Attorneys for the three and LaGrou general counsel William
Biederman did not immediately return calls seeking comment, AP
states.


MARTHA STEWART: Trial Over Imclone Stock Fraud Set January 2004
---------------------------------------------------------------
Trial for homemaking guru Martha Stewart has been set for
January 12,2004 by United States District Judge Miriam Goldman
Cedarbaum, over charges that she participated in a stock-trading
scandal, the Associated Press reports.  The judge also set for
November 18, 2003 oral arguments in the case.  

Martha Stewart appeared in court this week to reiterate her
innocence.  Ms. Stewart was indicted two weeks ago on five
counts surrounding her sale of 4,000 ImClone Systems shares on
December 27,2001, a day before the share's price fell over a
negative government report on the ImClone cancer drug Erbitux.

Ms. Stewart's stockbroker Peter Bacanovic allegedly tipped her
that the family of ImClone founder Sam Waksal was trying to sell
its shares, AP reports.  Prosecutors say Ms. Stewart then lied
to investigators about the sale.  Ms. Stewart also allegedly
propped up stock in her own company, Martha Stewart Living
Omnimedia, last summer by claiming she was innocent and was
cooperating with investigators - claims the government says were
false.  

Ms. Stewart has resigned as chairwoman and CEO of the media
company, but remains on the board and serve as its creative
director.  Her lawyers were preparing routine motions, including
one they planned to submit later asking the judge to drop
charges against Ms. Stewart, AP states.  Ms. Stewart has set up
a Web site to proclaim her innocence.  It includes supportive e-
mails from fans - Ms. Stewart claims to have received 55,000 -
and a statement from her lawyers.



MTC PHARMACY: Attorney General Commences Suit For Medi-Cal Fraud
----------------------------------------------------------------
California Attorney General Bill Lockyer filed felony criminal
charges against three owners and employees of a bogus Glendale
pharmacy and four doctors who fraudulently billed Medi-Cal for
more than $500,000, and laundered the money by investing in a
pseudo-caviar production company.

"This scam operation bilked the state's Medi-Cal system of more
than $500,000 - money that is needed to fund a program that
provides desperately needed services to some of our most
vulnerable citizens," Atty. Gen. Lockyer said.  "It is truly
atrocious that these doctors and so-called pharmacy owners
violated the trust of these patients, stole their identities and
submitted false claims to Medi-Cal, all with the intent to line
their pockets with these ill-gotten gains.  We will prosecute
them to the fullest extent."

Filed in Los Angeles Superior Court, the complaint alleges that,
during a 10-month period, the defendants defrauded the Medi-Cal
program of more than $500,000 through a Glendale "pharmacy" they
established as a front for their criminal operation.  The
"pharmacy" had very few walk-in customers, did not keep regular
business hours, was under-stocked, and carried expired supplies.

In the criminal complaint, the Attorney General's Bureau of
Medi-Cal Fraud and Elder Abuse (BMFEA) alleges that four doctors
transmitted fictitious prescriptions to the "pharmacy," which
billed the Medi-Cal program without filling the prescriptions.  
Most of the prescriptions were for Aricept, an expensive
medication commonly prescribed to Alzheimer patients.  An
examination of patient files revealed that there was no medical
basis for the prescriptions.  A wholesaler to the "pharmacy"
provided BMFEA investigators with records that indicate the
pharmacy only purchased $37,550 in medications.  Yet the
"pharmacy" requested and received reimbursements of $505,256.56
from Medi-Cal.

The lawsuit also alleges that the ill-gotten gains were
laundered through investments in a company that produced a
caviar-type product.  Charged were:

     (1) Robert Khatchatrian,

     (2) Asmik Aroutiounian,
  
     (3) Norik Yeghisian,

     (4) Armen Kazanchian,

     (5) Vahan Madatovian,

     (6) Noune Pashinian and

     (7) Vagharshak Pilossyan

The defendants were charged with 18 felonies.  The charges
include one count of grand theft with special allegations, eight
counts of Medi-Cal fraud, seven counts of identity theft and
two counts of money laundering.  If convicted, Mr. Khatchatrian
and Mr. Aroutiounian face more than 12 years in prison.  The
other defendants face more than six years.

The complaint alleges that Mr. Khatchatrian and Mr. Aroutiounian
purchased the former GMG Hollywood Pharmacy and changed the name
to MTC Pharmacy.  The two allegedly set up the fraud scheme to
finance a second business, Royal Caviar.  From July 24, 2000, to
April 8, 2001, MTC Pharmacy billed the Medi-Cal program for the
filling of 3,745 prescriptions for only 218 patients.

The identity theft charges stem from allegations that the
defendants used the identities, medical records and Medi-Cal
beneficiary information of patients without their permission or
knowledge to submit false Medi-Cal claims.  More than half of
the patients who allegedly received prescriptions from MTC
Pharmacy were patients of the defendants.  Seven patients
interviewed said they never had been to MTC Pharmacy or had
never received prescriptions from their doctors.  In most of the
cases, the patients said they had not visited their doctor near
the times during which MTC Pharmacy billed Medi-Cal for their
prescriptions.

Six of the patients interviewed whose names were used to bill
Medi-Cal for Aricept said they do not have Alzheimer's or any
memory loss problems.  All were under the age of 65.  Records
show that 67 percent of the prescriptions billed by MTC Pharmacy
involved Aricept; in the five pharmacies within the same zip
code as MTC Pharmacy, the rate is less than 1.5 percent.
   
BMFEA investigators said that during the same period, Mr.
Khatchatrian and Mr. Aroutiounian started Royal Caviar, which
produced a soy-based product similar to caviar.  Mr. Yeghisian
was the office manager for MTC Pharmacy and also an employee at
Royal Caviar.


NESTLE WATER: Lawyer To Stop Consumer Lawsuit Over Bottled Water
----------------------------------------------------------------
Lawyer Jan R. Schlichtmann intends to seek a court order to stop
two attorneys from pursuing a class action filed yesterday
against Nestle Water North America, a unit of Nestle S.A.
(Z.NES).

Atty. Schlichtmann and the attorneys, Thomas Sobolof the Seattle
law firm Hagens Berman and GarveIvey of Ivey & Ragsdale of
Birmingham, Alabama, had been working with independent spring
water bottlers and consumers under a mediation agreement to
resolve differences between the bottlers, consumers and the
company over its Poland Spring bottled water brand.  Under the
agreement, all parties agreed to work in good faith together,
under the protection of confidentiality and fair dealing.

Yesterday, Atty. Sobol and Atty. Ivey broke from the group and,
armed with clients' evidence and mediation materials,
independently filed a class action against Nestle Waters North
America in Connecticut Superior Court.  Similar suits were also
filed in New Jersey Superior Court and Massachusetts Superior
Court.

"The actions by these two attorneys are unprofessional and
illegal," said Atty. Schlichtmann.  "Filing suit in court went
against the interests and instructions of our clients and it is
grossly unfair to all the parties who are working so hard to
resolve honest differences and perspectives in this mediation
process, which has been underway for several months.  I am
profoundly disturbed by this and will take all necessary steps
to remedy this unprofessional conduct and crass violation of our
agreements."

Atty. Schlichtmann said he will vigorously pursue all legal and
regulatory remedies against Atty. Sobol and Atty. Ivey for their
unprofessional conduct.  Atty. Schlichtmann also said he will
seek a court order today against the pair to prevent them from
further using his clients' property to further their own
interests.

                    New Securities Fraud Cases


CENTRAL PARKING: Charles Piven Lodges Securities Lawsuit in TN
--------------------------------------------------------------
The Law Offices Of Charles J. Piven, PA initiated a securities
class action filed on behalf of shareholders who purchased,
converted, exchanged or otherwise acquired the common stock of
Central Parking Corporation (NYSE:CPC) between November 4, 2002
and February 13, 2003, inclusive.

The case is pending in the United States District Court for the
Middle District of Tennessee, Nashville Division, against
defendant Central Parking Corporation and certain of its
officers and directors.

The action charges that defendants 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


CORNERSTONE PROPANE: Kirby McInerney Files Securities Suit in CA
----------------------------------------------------------------
Kirby McInerney & Squire, LLP initiated a securities class
action in the United States District Court for the Northern
District of California on behalf of all purchasers of
CornerStone Propane Partners, LP (Other OTC:CNPP.PK) common
stock during the period from July 29, 1998 through February 11,
2003, inclusive.

The action charges CornerStone and certain of its senior
officers with violations of Sections 10(b) and Rule 10b-5 of the
Securities Exchange Act of 1934.  The alleged violations stem
from the dissemination of false and misleading statements, which
had the effect - during the class period - of artificially
inflating the price of CornerStone's shares.

The complaint alleges, among other things, that throughout the
class period, July 29, 1998 and February 11, 2003, defendants
continued reporting false and misleading financial results and
making false statements concerning CornerStone's financial
status and business condition, and failed to disclose:

     (1) that Cornerstone had been systematically concealing
         that it was overpaying for acquisitions made as early
         as 1997 by improperly misallocating portions of the
         purchase price of physical assets which should have
         been allocated to goodwill;

     (2) that it was materially overstating its earnings before
         interest, taxes, depreciation and amortization, its net
         income and its earnings per unit; and

     (3) that CornerStone lacked adequate internal controls and
         was therefore unable to ascertain or report the true
         financial condition of the Partnership.

Finally, on February 11, 2003, CornerStone announced that its
auditor, Deloitte & Touche, could not reaudit Cornerstone's
previous financial filings, citing irreconcilable errors and
missing supporting documents.  CornerStone's common units traded
as high as $22 per share during the class period but declined to
$0.35 per share by the end of the class period, erasing over
$360 million in market capitalization.

For more details, contact Ira M. Press or Elaine Mui by Mail:
830 Third Avenue, 10th Floor, New York, New York 10022 by Phone:
(212) 317-2300 or (888) 529-4787 or by E-Mail: emui@kmslaw.com


CREE INC.: Charles Piven Lodges Securities Fraud Suit in M.D. NC
----------------------------------------------------------------
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 Cree, Inc.
(NasdaqNM:CREE) between August 19, 1998 and June 13, 2003,
inclusive.  The case is pending in the United States District
Court for the Middle District of North Carolina against the
Company and certain of its officers and directors.

The action charges that defendants 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  


CREE INC.: Milberg Weiss Lodges Securities Fraud Suit in M.D. NC
----------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP initiated a securities
class action on behalf of purchasers of the securities of Cree,
Inc. (Nasdaq: CREE) between July 24, 2001 and June 13, 2003
inclusive, and who suffered damages thereby.  The action is
pending in the United States District Court for the Middle
District of North Carolina against the Company and:

     (1) Charles Swoboda (CEO),

     (2) Cynthia Merrell (CFO and Chief Accounting Officer), and

     (3) F. Neal Hunter (Chairman of the Board of Directors)

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 July 24, 2001
and June 13, 2003.  The complaint alleges that Cree issued
materially false and misleading press releases and SEC reports,
thereby inflating its results and stock price.

According to the complaint, during the Class Period, Cree issued
press releases announcing its results for its fiscal fourth
quarter 2001, year 2002, and the first three fiscal quarters of
2003, and filed financial reports covering such quarters with
the SEC.  Cree's earnings releases and SEC filings were
materially false and misleading when made because they failed to
disclose that:

     (1) a material portion of the Company's revenues were
         generated from non "arms length" sales to related
         entities that did not reflect the true demand for the
         Company's products;

     (2) the Company failed to implement and maintain an
         adequate internal accounting control system;

     (3) since 2002, Eric Hunter, Cree's former President, CEO
         and Chairman had alleged, to the Company's board of
         directors, that the Company was improperly accounting
         for transactions with related entities and was issuing
         and filing materially false and misleading press
         releases and financial reports; and

     (4) that a material portion of Cree's reported Class Period
         sales were improperly recognized and reported in the
         Company's financial statements in violation of
         Generally Accepted Accounting Principles.

The market first learned of Cree's improper revenue recognition
practices on June 13, 2003. On that date, Cree announced that
its former CEO, President and Chairman has filed a private
action accusing the Company and current Chairman F. Neal Hunter
of misleading investors and the SEC by issuing false press
releases and filing false financial statements.  In response to
this announcement, the price of Cree common stock plummeted,
falling 18.5% in one day, from $22.21 per share on June 12, 2002
to $18.10 per share on June 13, on unusually large trading
volume of almost 28 million shares.

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


CREE INC.: Goodkind Labaton Launches Securities Fraud Suit in NC
----------------------------------------------------------------
Goodkind Labaton Rudoff & Sucharow LLP initiated a securities
class action in the United States District Court in Greensboro,
North Carolina, on behalf of persons who purchased, or otherwise
acquired the securities of Cree, Inc. (NASDAQ:CREE) during the
period January 14, 2000 through June 13, 2003, inclusive.

As alleged in the complaint, during the class period, the
Company issued statements that failed to disclose and/or
misrepresented the following adverse facts, among others:

     (1) that the Company had materially overstated its net
         income and earnings per share;

     (2) that the defendants artificially boosted Cree's
         operating income through an undisclosed agreement with
         defendant Neal Hunter's brother, Jeff Hunter, the then
         chairman of C3, that required C3 to accept shipments of
         silicon carbide (SiC) crystals for the manufacture of
         moissanite gemstones far in excess of market demand;

     (3) that the defendants failed to properly disclose the
         manner by which officers' and director's compensation
         was determined;

     (4) that the defendants failed to disclose in its
         registration statements and its prospectuses the proper
         use of the proceeds from those offerings.

On June 13, 2003, Eric Hunter, the former chief executive of
Cree filed a $3 billion lawsuit against Cree and defendant Neal
Hunter, his brother.  Among the allegations contained in the
lawsuit, Eric Hunter alleged that since as early as August 1995
and continuing until at least May 2003, Cree and the Individual
Defendants engaged in a series of undisclosed corporate
activities, which included, among other things, the filing of
false and misleading statements to the public and the SEC with
respect to the Company's secondary stock offerings, anticipated
earnings and revenue, reported income and operating income.

For more details, contact Chris Keller bt Phone: 212-907-0700 or
by E-mail: ckeller@glrslaw.com


CRYO-CELL INTERNATIONAL: Milberg Weiss Lodges FL Securities Suit
----------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP initiated a securities
class action on behalf of purchasers of the securities of Cryo
Cell International, Inc. (Nasdaq:CCELE - News) between March 16,
1999 and May 20, 2003 inclusive.  The action is pending in the
United States District Court, Middle District of Florida, Tampa
Division, against the Company and:

     (1) Mercedes Walton,

     (2) Gerald F. Maass,

     (3) Edward Modzelewski,

     (4) Frederick C.S. Wilhelm,

     (5) Wanda D. Dearth,

     (6) Junior Winokur,

     (7) Charles D. Nyberg,

     (8) Daniel D. Richard,

     (9) Jill M. Taymans,

    (10) John V. Hargiss,

    (11) Weinick Sanders Leventhal & Company, LLP, and

    (12) Mirsky, Furst & Associates, P.A.

The complaint 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 March 16, 1999 and May
20, 2003, thereby artificially inflating the price of Cryo Cell
securities.

During the class period, the Company issued statements that
failed to disclose and/or misrepresented the following adverse
facts, among others:

     (i) that the Company had materially overstated its
         earnings, net income and earnings per share;

    (ii) that the Company continually recognized revenue in
         violation of generally accepted accounting principles
         (GAAP) with respect to related-party transactions,
         revenue sharing agreements; and revenue recognition for
         the sale Area Licenses.  

As a result, the Company's financial results were materially
overstated at all relevant times.

On April 15, 2003, the Company issued a press release disclosing
that it may be necessary to restate its financial results for
fiscal years 2001 and 2002 because of improper recognition of
revenue.  On May 20, 2003, defendants revealed that the
Company's new auditors had suddenly resigned.  By May 21, 2003,
Cryo Cell stock had lost most of its value, and traded at only
$0.94 per share, a far cry from the stock's Class Period high of
over $10 per share in August, 2001.

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


DAISYTEK INTERNATIONAL: Schatz & Nobel Lodges TX Securities Suit
----------------------------------------------------------------
Schatz & Nobel PC initiated a securities class action filed in
the United States District Court for the Eastern District of
Texas on behalf of all persons who purchased the securities of
Daisytek International Corporation (Nasdaq: DZTK) from November
9, 2001 through April 18, 2003, inclusive. Period"). Also
included are all those who acquired Daisytek's shares through
its acquisition of ISA International, PLC.

The complaint alleges that certain officers and directors of
Daisytek, a global distributor of computer and office supplies,
issued materially false and misleading statements concerning the
Company's business condition.  Specifically, Daisytek was
improperly accounting for uncollectible customer accounts
receivables and vendor rebates receivables to inflate the
Company's results.  Due to Daisytek's favorable results,
defendants were able to secure financing essential to the
Company.

On April 28, 2003, Daisytek divulged that it would record
"significant" write-downs of customer and vendor receivables and
inventory and large restructuring charges.  On this news, the
Company's stock dropped to $0.53.  The Company subsequently
announced the resignation of its CEO and its CFO.

For more details contact Nancy A. Kulesa by Phone:
(800) 797-5499 by E-mail: sn06106@aol.com or visit the firm's
Website: http://www.snlaw.net
       

FEDERAL HOME: Much Shelist Commences Securities Suit in E.D. VA
---------------------------------------------------------------
Much Shelist Freed Denenberg Ament & Rubenstein, P.C. initiated
a securities class action against Federal Home Loan Mortgage
Corporation (NYSE:FRE) and certain of its officers and directors
in the United States District Court for the Eastern District of
Virginia.  The shareholder lawsuit is on behalf of all persons
and entities who purchased Freddie Mac securities between April
18, 2000 and June 6, 2003, inclusive.

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 material
misrepresentations to the market during the class period,
thereby artificially inflating the price of Freddie Mac
securities.

During the class period, it has been reported that Freddie Mac
may have earned more than it reported and had a higher capital
surplus.  This practice, called ``smoothing'', allows companies
to meet or exceed earnings estimates and report substantial
growth going forward by deferring present gains to future
periods.  The effect of this practice is to create the
impression that earnings growth is steady and the Company meets
or exceeds analysts' expectations on a regular basis. This
practice is also called ``cookie jar'' accounting and violates
Generally Accepted Accounting Principles and the SEC has pledged
to stop its practice among public companies.

On June 9, 2003, before the market opened, Freddie Mac issued a
press release announcing that it had fired defendant David Glenn
because of ``serious questions about the timeliness and
completeness of his cooperation and candor with the board's
audit committee counsel,'' that defendant Leland C. Brendsel had
retired and that defendant Vaughn Clarke had resigned.  The
market reacted swiftly to this news, and shares of Freddie Mac
closed at $50.26 on extremely heaving trading volume, down $9.61
from the close of $59.87 on June 6, 2003.

After these revelations, on June 11, 2003, numerous news sources
reported that the U.S. Attorney's office for Eastern Virginia
confirmed that the office was investigating Freddie Mac and that
the SEC was also investigating whether Freddie Mac deferred
income to smooth out results in future periods.  Moreover, the
SEC is reportedly investigating whether Freddie Mac's CEO and
CFO certified otherwise false financial statements in violation
of Sarbanes-Oxley.  The full scope and contours of defendants'
concerted fraud continues to be revealed.

For more details, contact Carol V. Gilden by Phone:
(800) 470-6824 or by E-mail: investorhelp@muchshelist.com


FREDDIE MAC: Weinstein Kitchenoff Lodges Securities Suit in VA
--------------------------------------------------------------
Weinstein Kitchenoff Scarlato Karon & Goldman Ltd. initiated a
securities class action lawsuit on behalf of purchasers of
Freddie Mac Corporation (NYSE: FRE) securities between April 18,
2000 and June 6, 2003.

The complaint was filed in the United States District Court in
Virginia and alleges that Freddie Mac's securities were
artificially inflated between April 18, 2000 and June 6, 2003 as
a result of violations of the securities laws.  During that time
period, Freddie Mac's financial results were materially
misstated due to its failure to properly classify hedges and
assets with respect to derivative securities, and its use of
"cookie jar" accounting to create the impression that revenue
and earnings were growing steadily.  Moreover, Freddie Mac
provided investigators with altered and misleading documents in
order to conceal its improper accounting.

On June 6, 2003, Freddie Mac issued a press release, which
confirmed that it would restate earnings and announced the
termination of President and Chief Operating Officer, David
Glenn, and the resignation of other senior officers of the
company.  Mr. Glenn was terminated because of "serious questions
as to the timeliness and completeness of his cooperation and
candor with the Board's Audit Committee counsel."  The price of
Freddie Mac common stock fell $9.61 per share to $50.26
following the announcement.

For more details, contact Paul Scarlato by Phone: 877-805-7200
or by E-mail: scarlato@wkskg.com or visit the firm's Website:
http://www.wkskg.com


GUIDANT CORPORATION: Faruqi & Faruqi Files Securities Suit in IN
----------------------------------------------------------------
Faruqi & Faruqi LLP initiated a securities class action in the
United States District Court for the Southern District of
Indiana on behalf of all purchasers of Guidant Corporation
(NYSE:GDT) securities between June 23, 1999 and June 12, 2003,
inclusive.

The complaint charges defendants with violations of federal
securities laws by, among other things, issuing a series of
materially false and misleading press releases concerning
Guidant's financial results and business prospects.

Specifically, the complaint alleges that Guidant failed to
disclose, among other facts, that:

     (1) in violation of Food & Drug Administration (FDA)
         regulations, the Company encouraged a dangerous usage
         of the ANCUR(r) system, a device used for the treatment
         of abdominal aortic aneurysms, without FDA
         authorization;

     (2) that the Company failed to report to the FDA that
         problems with ANCUR(r) had resulted in more than 2,600
         injuries; and

     (3) that the Company had not properly reserved for the
         consequences of its massive criminal and civil
         liability nor adjusted its recorded goodwill to account
         for the inevitable harm to its reputation.

As a result, the price of the Company's securities were
artificially inflated during the Class Period, allowing certain
Guidant insiders to sell millions of dollars of their personally
held Guidant stock.  On June 12, 2003, however, the Company
shocked the market when it announced that its wholly owned
subsidiary, EndoVascular Technologies, pled guilty to 10
felonies and agreed to pay $94.2 million to settle criminal and
civil charges that it had covered up thousands of incidents in
which the ANCUR(r) device had malfunctioned and had resulted 12
deaths and dozens of invasive surgeries.

For more details, contact Anthony Vozzolo by Mail: 320 East 39th
Street, New York, NY 10016 by Phone: (877) 247-4292 or
(212) 983-9330 or by E-mail: Avozzolo@faruqilaw.com


GUIDANT CORPORATION: Spector Roseman Files Securities Suit in IN
----------------------------------------------------------------
Spector, Roseman & Kodroff, PC initiated a securities class
action in the United States District Court for the Southern
District of Indiana on behalf of purchasers of the securities of
Guidant Corporation (NYSE:GDT) between June 23, 1999 through
June 12, 2003, inclusive.  The action is brought against the
Company and:

     (1) Endovascular Technologies, Inc. (EVT),

     (2) Keith E. Brauer,

     (3) Ronald W. Dollens and

     (4) Jay Watkins

The complaint alleges that defendants violated the federal
securities laws by failing to disclose the following facts,
among others:

     (i) in violation of Food & Drug Administration (FDA)
         regulations, the Company encouraged a dangerous usage
         of the ANCURE ENDOGRAFT System that had not been
         authorized by the FDA;

    (ii) the Company failed to file 2,628 Medical Device reports
         - each representing an incident in which the ANCURE
         ENDOGRAFT System malfunctioned or its use was
         associated with death or serious injury;

   (iii) that the Company was the target of a criminal
         investigation; and

    (iv) the Company had not properly reserved for the
         consequences of its massive criminal and civil
         liability.

On June 12, 2003, the U.S. Attorney's Office announced that EVT,
Guidant's wholly-owned subsidiary, had pled guilty to 10
felonies and agreed to pay $94.4 million to settle criminal and
civil charges that it covered up thousands of incidents,
including 12 deaths and 57 emergency procedures, in which the
ANCURE ENDOGRAFT System malfunctioned.

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


GUIDANT CORPORATION: Fruchter & Twersky Files IN Securities Suit
----------------------------------------------------------------
Fruchter & Twersky LLP initiated a securities class action in
the United States District Court for the Southern District of
Indiana, Indianapolis Division, on behalf of purchasers of
Guidant Corporation (NYSE:GDT) publicly traded securities during
the period between June 23, 1999 and June 12, 2003, inclusive.

The complaint alleges that defendants violated Section 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 throughout the class period.

Specifically, the complaint alleges that defendants issued
numerous positive statements regarding the performance of
ANCURE, a device used for the treatment of abdominal aortic
aneurysms (AAA).  As alleged in the complaint, these statements
were materially false and misleading because they failed to
disclose and/or misrepresented the following adverse facts,
which were known, or should have been known to defendants at the
time they were made:

     (1) that the Company had violated Food & Drug
         Administration (FDA) regulations by marketing and
         selling a device (ANCURE) which had not been approved
         by the FDA;

     (2) that the Company failed to report to the FDA that
         problems with ANCURE had resulted in more than 2,600
         injuries, including 12 deaths; and

     (3) that as a result of the Company's actions, the Company
         would be subject to additional government scrutiny,
         thereby negatively impacting its future earnings.

On June 12, 2003, the Company announced that its subsidiary,
EndoVascular Technologies (EVT), entered into a settlement
agreement with the U.S. Department of Justice relating to
certain problems with ANCURE.  Specifically, the article stated
that under the terms of the agreement, EVT agreed to make a
payment of $43.4 million and an additional $49 million civil
settlement to the government.  EVT also agreed to plead guilty
to 10 felony counts, including nine for shipping misbranded
products and one count of a former employee making false
statements to the government.

Prior to the disclosure of this adverse information, the
Individual Defendants and other Guidant insiders sold more than
$26.4 million of their personally-held shares of Guidant stock
to the unsuspecting public.

For more details, contact Jack G. Fruchter by Mail: One
Pennsylvania Plaza, 19th Floor, New York, New York 10119, by
Phone: (212) 279-5050, (800) 440-8986, by Fax: (212) 279-3655,
or by E-mail: JFruchter@FruchterTwersky.com.   


GUIDANT CORPORATION: Schiffrin & Barroway Files Stock Suit in IN
----------------------------------------------------------------
Schiffrin & Barroway, LLP initiated a securities class action in
the United States District Court for the Southern District of
Indiana on behalf of all purchasers of the common stock of
Guidant Corporation (NYSE:GDT) from June 23, 1999 through June
12, 2003, inclusive.

The complaint alleges that defendants violated Section 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 throughout the class period.  
Specifically, the complaint alleges that defendants issued
numerous positive statements regarding the performance of
ANCURE(r), a device used for the treatment of abdominal aortic
aneurysms (AAA).

As alleged in the complaint, these statements were materially
false and misleading because they failed to disclose and/or
misrepresented the following adverse facts, which were known, or
should have been known to defendants at the time they were made:

     (1) that the Company had violated Food & Drug
         Administration (FDA) regulations by marketing and
         selling a device (ANCURE) which had not been approved
         by the FDA;

     (2) that the Company failed to report to the FDA that
         problems with ANCURE had resulted in more than 2,600
         injuries, including 12 deaths; and

     (3) that as a result of the Company's actions, the Company
         would be subject to additional government scrutiny,
         thereby negatively impacting its future earnings.

On June 12, 2003, the Company announced that its subsidiary,
EndoVascular Technologies (EVT), entered into a settlement
agreement with the US Department of Justice relating to certain
problems with ANCURE(r).  Specifically, the article stated that
under the terms of the agreement, EVT agreed to make a payment
of $43.4 million and an additional $49 million civil settlement
to the government.  EVT also agreed to plead guilty to 10 felony
counts, including nine for shipping misbranded products and one
count of a former employee making false statements to the
government.

Prior to the disclosure of this adverse information, the
Individual Defendants and other Guidant insiders sold more than
$26.4 million of their personally-held shares of Guidant stock
to the unsuspecting public.

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 or by E-
mail: info@sbclasslaw.com


GUIDANT CORPORATION: Cauley Geller Lodges Securities Suit in IN
---------------------------------------------------------------
Cauley Geller Bowman & Rudman, LLP initiated a securities class
action in the United States District Court for the Southern
District of Indiana, Indianapolis Division, on behalf of
purchasers of Guidant Corporation (NYSE: GDT) publicly traded
securities during the period between June 23, 1999 and June 12,
2003, inclusive.

The complaint alleges that defendants violated Section 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 throughout the class period.  

Specifically, the complaint alleges that defendants issued
numerous positive statements regarding the performance of
ANCURE, a device used for the treatment of abdominal aortic
aneurysms (AAA).  As alleged in the complaint, these statements
were materially false and misleading because they failed to
disclose and/or misrepresented the following adverse facts,
which were known, or should have been known to defendants at the
time they were made:

     (1) that the Company had violated Food & Drug
         Administration (FDA) regulations by marketing and
         selling a device (ANCURE) which had not been approved
         by the FDA;

     (2) that the Company failed to report to the FDA that
         problems with ANCURE had resulted in more than 2,600
         injuries, including 12 deaths; and

     (3) that as a result of the Company's actions, the Company
         would be subject to additional government scrutiny,
         thereby negatively impacting its future earnings.

On June 12, 2003, the Company announced that its subsidiary,
EndoVascular Technologies (EVT), entered into a settlement
agreement with the US Department of Justice relating to certain
problems with ANCUREr.  Specifically, the article stated that
under the terms of the agreement, EVT agreed to make a payment
of $43.4 million and an additional $49 million civil settlement
to the government.  EVT also agreed to plead guilty to 10 felony
counts, including nine for shipping misbranded products and one
count of a former employee making false statements to the
government.

Prior to the disclosure of this adverse information, the
Individual Defendants and other Guidant insiders sold more than
$26.4 million of their personally-held shares of Guidant stock
to the unsuspecting public.

For more details, contact Jackie Addison, Heather Gann or
Candace Randle by Mail: P.O. Box 25438, Little Rock, AR 72221-
5438 by Phone: 1-888-551-9944 by Fax: 1-501-312-8505 or by E-
mail: info@cauleygeller.com


TYCO INTERNATIONAL: Charles Piven Lodges Securities Suit in FL
--------------------------------------------------------------
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 Tyco
International, Ltd. (NYSE:TYC) between December 30, 2002 and
March 12, 2003, inclusive.  The case is pending in the United
States District Court for the Southern District of Florida
against the Company and Edward D. Breen-Chairman and Chief
Executive Officer.

The action charges that defendants 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 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


UBUY HOLDINGS: Charles Johnson Lodges Securities Lawsuit in FL
--------------------------------------------------------------
Charles P. Johnson Law Offices initiated a securities class
action against 57 Defendants, including certain former officers
and directors of UBuy Holdings Inc. (Other OTC:UBYH) alleging
various violations of both Federal and State securities laws,
rules and regulations in the United States District Court,
Southern District of Florida, Ft. Lauderdale Division.

The lawsuit centers around a ``pump and dump'' scheme in E-
PAWN.COM'S common stock from January through June of 2000. The
scheme resulted in Federal Criminal Indictments in the United
States District Court for the Southern District of New York,
which was filed on June 14, 2000 against four individuals. The
action seeks damages on behalf of investors.  Named in the
lawsuit are:

     (1) Merrill Lynch,

     (2) Knight Trading Group, Inc.,

     (3) Vfiance, Inc.,

     (4) Fleet Securities Inc.,

     (5) DMN Capital Investment, Inc.,

     (6) Southwest Securities,

     (7) Richard Gladstone,

     (8) Leslie S. Greyling,

     (9) F.Lee Bailey,

    (10) Donald L. Williamson,

    (11) Sports Resorts International, Inc.,

    (12) Dr. Thomas Bolera,

    (13) WCM Capital Inc.,

    (14) various lawyers,

    (15) law firms,

    (16) accountants and

    (17) others

For more details, contact William Yarno by Mail: C/O Charles P.
Johnson Jr., 917 South Andrews Avenue Suite 2, Fort Lauderdale,
Fl. 33316-1035 by Phone: 954 575-7296 or by E-mail:
cpjohnson@aol.com


                            *********

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the Class Action Reporter. Submissions
via e-mail to carconf@beard.com are encouraged.

Each Friday's edition of the CAR includes a section featuring
news on asbestos-related litigation and profiles of target
asbestos defendants that, according to independent researches,
collectively face billions of dollars in asbestos-related
liabilities.  The Asbestos Defendant Profiles is backed by an
online database created to respond to custom searches. Go to
http://litigationdatasource.com/asbestos_defendant_profiles.html

                           *********


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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Fatima Antonio and Lyndsey Resnick, Editors.

Copyright 2003.  All rights reserved.  ISSN 1525-2272.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without
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