CAR_Public/030704.mbx           C L A S S   A C T I O N   R E P O R T E R

           Friday, July 4, 2003, Vol. 5, No. 131

                        Headlines

AMERICAN PROMOTIONAL: Recalls Fireworks Due to Injury Risk
CALPINE: Moves to Transfer, Consolidate Securities Suits in CA
CALPINE CORP: CA Suits Allege Breach of Fiduciary Obligations
CALPINE CORP: Says Shareholder Derivative Suit Has No Merit
CALPINE: Certain Director Defendants Dismissed in Gordon Case

CATHOLIC CHURCH: Lawyers Argue Over $26M Settlement Distribution
CMS ENERGY: Fighting Consolidated Securities Lawsuit in E.D. MI
CONNECTICUT: Children's Advocate Says DCF Violates Court Order
DEAN FOODS/HORIZON: Shareholders Sue Over Proposed Acquisition
DENVER: Suit Claims Airport Exposed to Mold, Fungi Contamination

FRANZUS CO.: Recalls Adapter Plugs for Possible Injury Hazard
GSW INDUSTRIES: Recalls Water Heaters for Possible Burn Hazard
INTERVOICE: Discovery Stayed Pending Case Dismissal Resolution
JAKKS PACIFIC: Recalls "Spit Smatter" Spray Foam for Injury Risk
KENTUCKY: Two Building Firms Sue State's Transportation Cabinet

MIRANT CORP: Investors Sue Unit Claiming False Bond Registration
PACIFIC SMOKING: Recalls Smoked Salmon For Possible Health Risk
PERFECT FIT: Recalls Electric Blankets for Possible Burn Injury
PREMIER CRUISE: Discloses Proposed Class Action Settlement
SLAVERY REPARATIONS: Lawsuits Spur Demand For Congress' Action

SMALL SMALL WORLD: Recalls "Egg Dippers" Easter Plush Toys
SPRINT: Customer Commences Add-On Fees Lawsuit
SUBARU: Recalls Some 2003 Model Year Legacy and Outback Vehicles
TOWNE SERVICES: N.D. GA Court Sets Settlement Hearing on July 23
UNITED KINGDOM: Kenyan Women Granted Legal Aid For Rape Case

* Beef Recall Highlights Need for E. Coli Treatment


                     Asbestos Alert

ASBESTOS ALERT: Northrop Grumman Battles Asbestos-Related Suits
ASBESTOS LITIGATION: FMC Corp Faces Asbestos Premises Claims
ASBESTOS LITIGATION: Trimas Posts Latest on Asbestos Suits
ASBESTOS LITIGATION: Asbestos Miners to Get GBP7.5M
ASBESTOS LITIGATION: CSX Pegs Asbestos Liabilities at $17M

ASBESTOS ALERT: Widow Sues Silsoe Institute for Husband's Death
ASBESTOS LITIGATION: Senate OKs Asbestos Trust Fund Increase
ASBESTOS LITIGATION: Worker Dies of Asbestos-Related Disease
ASBESTOS LITIGATION: ABB Says Asbestos Cases Pose a Threat


                   New Securities Fraud Cases

CORNERSTONE PROPANE: Schatz & Nobel Files Lawsuit in N.D. CA
CREE INC: Wechsler Harwood Commences Securities Suit in M.D. NC
INTERMUNE: Glancy & Binkow Files Securities Fraud Lawsuit in CA
MORGAN STANLEY/UBS: Rabin Murray Commences Lawsuit in S.D. NY
SINGING MACHINE: Milberg Weiss Files Securities Fraud Suit in FL


                         *********

AMERICAN PROMOTIONAL: Recalls Fireworks Due to Injury Risk
----------------------------------------------------------
Florence, Ala.-based American Promotional Events Inc., in
voluntary cooperation with the U.S. Consumer Product Safety
Commission, recalls about 22,700 units of "TNT" Reloadable Tube
Fireworks.

The firework device has a defective base and can break during
launch, if reused. The launching device could then send
fireworks in unintended directions, possibly causing injury.

There have been two reports of the base of these firework
devices breaking. No injuries were reported.

The firework device consists of a black base with a multicolored
PVC material tube having approximate dimensions of 11 inches
high by 1.25 inches in diameter. Each product is sold with six
shells with fuses. The product is labeled "Model No. CP983,"
"Item No 460070," "TNT," and "#1 SELLING BRAND."

Manufactured in China, firework display stands and tents and
retail operations in those states where the sale of consumer
fireworks is legal sold the recalled products from June 2003
through July 2003 for about $35.

Consumers are advised to return the entire firework device to
the retailer for a refund or contact TNT for further directions.

American Promotional Events Inc., (TNT) can be reached at
(800) 243-1189 between 8 a.m. and 4:30 p.m. CT Monday through
Friday.


CALPINE: Moves to Transfer, Consolidate Securities Suits in CA
--------------------------------------------------------------
A securities class action, Hawaii Structural Ironworkers Pension
Fund v. Calpine, et al., was filed on March 11, 2003, against
Calpine, its directors and certain investment banks in the
California Superior Court, San Diego County.

The Hawaii action is brought on behalf of a purported class of
purchasers of the Company's equity securities sold to public
investors in its April 2002 equity offering. The Hawaii action
alleges that the Registration Statement and Prospectus filed by
Calpine which became effective on April 24, 2002, contained
false and misleading statements regarding the Company's
financial condition in violation of Sections 11, 12 and 15 of
the Securities Act of 1933.

The Hawaii action relies in part on the Company's restatement of
certain past financial results announced on March 3, 2003, to
support its allegations.

The Hawaii action seeks an unspecified amount of damages, in
addition to other forms of relief.

The Company considers this lawsuit to be without merit.

The Company has removed the Hawaii action to federal court in
April 2003 and filed a motion to transfer the case for
consolidation with the other securities class action lawsuits in
the U.S. District Court Northern District Court of California in
May 2003.


CALPINE CORP: CA Suits Allege Breach of Fiduciary Obligations
-------------------------------------------------------------
On April 17, 2003, a participant in the Calpine Corporation
Retirement Savings Plan filed a class action lawsuit captioned
Phelps v. Calpine Corporation, et al.

The Phelps action is brought on behalf of a purported class of
participants in the 401(k) Plan. The Phelps action alleges that
various filings and statements made by Calpine during the class
period were materially false and misleading, and that the
defendants failed to fulfill their fiduciary obligations as
fiduciaries of the 401(k) Plan by allowing the 401(k) Plan to
invest in Calpine common stock.

The Phelps action seeks an unspecified amount of damages, in
addition to other forms of Shareholder relief.

In May 2003 Lennette Poor-Herena, another participant in the
401(k) Plan, filed a substantially similar class action lawsuit
as the Phelps action in the Northern District of California. The
Company considers these lawsuits to be without merit.


CALPINE CORP: Says Shareholder Derivative Suit Has No Merit
-----------------------------------------------------------
On December 17, 2001, a shareholder filed a derivative lawsuit
on behalf of the Calpine Corporation against its directors and
one if its senior officers. This lawsuit is captioned Johnson v.
Cartwright, et al. and is pending in the California Superior
Court, Santa Clara County.

The Company is a nominal defendant in this lawsuit, which
alleges claims relating to purportedly misleading statements
about Calpine and stock sales by certain of the director
defendants and the officer defendant.

In December 2002 the court dismissed the complaint with respect
to certain of the director defendants for lack of personal
jurisdiction, though the plaintiff may appeal this ruling.

In early February 2003 the plaintiff filed an amended complaint.

In March 2003 the Company and the individual defendants filed
demurrers. The Company considers this lawsuit to be without
merit and intends to vigorously defend against it.


CALPINE: Certain Director Defendants Dismissed in Gordon Case
-------------------------------------------------------------
On August 8, 2002, a shareholder filed a derivative lawsuit in
the United States District Court for the Northern District of
California on behalf of Calpine against its directors, captioned
Gordon v. Cartwright, et al., similar to Johnson v. Cartwright.
The Company considers this lawsuit to be without merit.

Motions have been filed to dismiss the action against certain of
the director defendants on the grounds of lack of personal
jurisdiction, as well as to dismiss the complaint in total on
other grounds.

In February 2003 the plaintiff agreed to stay these proceedings
in favor of the consolidated federal securities class action
described above and to dismiss without prejudice certain
director defendants.



CATHOLIC CHURCH: Lawyers Argue Over $26M Settlement Distribution
----------------------------------------------------------------
Discussion is taking place among the lawyers on how to
distribute the $25.7 million settlement by the Archdiocese of
Louisville among the 243 plaintiffs who accused priests and
employees of child sexual abuse, reported Associated Press
Newswires.

The plaintiffs' lawyers met Monday to share ideas on how the
money should be divided and whether their clients should pay
fees to the lead attorneys in the class-action lawsuit.

William McMurry, who represents most of the plaintiffs and
helped mediate the near-record settlement on June 10, has
proposed that Cincinnati lawyer Matthew Garretson be appointed
to decide how much each plaintiff shall receive, based on a
system that would place victims in one of five categories,
depending on the severity of abuse. Mr. Garretson would consider
other factors as well: age of victims and the frequency of
abuse.

Michael Slaughter, who represents half a dozen plaintiffs, said
some of his clients prefer equal rewards for all, though it
might result in lower amounts for them. "Such a distribution is
quicker, less complicated," he said.

Douglas Morris, a lead attorney in the case, said that it would
be around November when the first awards are distributed to
plaintiffs under Mr. McMurry's plan. Mr. Morris said suggestions
from the other plaintiffs' attorneys would be considered before
settling on a distribution plan.

Attorneys for some of the plaintiffs criticized the lead
attorneys for seeking fees for negotiating the settlement.
Andrew White said the lead attorneys earlier indicated they
would not seek a fee for serving as class-action counsel.

With agreement on distribution still under consideration,
Jefferson County Circuit Court Judge James M. Shake set a July
28 hearing to determine the fairness of the settlement, and to
consider, as well, the allocation plans and attorneys' fees. As
a class action, the settlement must be approved by a judge.


CMS ENERGY: Fighting Consolidated Securities Lawsuit in E.D. MI
---------------------------------------------------------------
Beginning on May 17, 2002, a number of securities class action
complaints have been filed against CMS Energy, Consumers and
certain officers and directors of CMS Energy and its affiliates.

The complaints have been filed in the United States District
Court for the Eastern District of Michigan as purported class
actions by individuals who allege that they purchased CMS
Energy's securities during a purported class period. At least
two of the complaints contain purported class periods beginning
on August 3, 2000 and running through May 10, 2002 or May 14,
2002.

These complaints generally seek 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 cases have been consolidated into a single
lawsuit, and an amended and consolidated complaint was filed by
May 1, 2003.

CMS Energy and Consumers intend to vigorously defend against
this action. CMS Energy and Consumers cannot predict the outcome
of this litigation.


CONNECTICUT: Children's Advocate Says DCF Violates Court Order
--------------------------------------------------------------
Martha Stone, lead lawyer for the plaintiffs in a 12-year old
class-action lawsuit, says the state's Department of Children
and Families (DCF) is violating a federal court order in that
nearly half the agency's social workers have caseloads that are
too big, reported Associated Press Newswires.

The federal court order arises out of a consent decree, in its
turn stemming from a 1989 class-action lawsuit filed on behalf
of DCF clients, which alleged that the state did not adequately
protect children in care. Ms. Stone is executive director for
the University of Connecticut Law School Center for Children's
Advocacy.

Ms. Stone told the Journal Inquirer of Manchester that 454
social workers at the agency have caseloads that exceed the
maximum allowed by the court order. Concern about staff levels
and maintaining caseloads was "one of the most driving forces
behind the consent decree," Ms. Stone said.

Ms. Stone added that DCF is violating other federal consent-
decree mandates because of the trouble it has had maintaining
the proper number of social workers and therefore the proper
caseload per social worker.

She said the violations arising out of caseloads exceeding the
maximum allowed are, for example, improper screening of children
to determine appropriate treatment options and the subsequent
failure to track treatment progress and completion of treatment.

"The main thing we have to focus on is what harm is being done
to the children and how lack of the appropriate number of social
worker positions affect the delivery of care," said Ms. Stone.
Sixty-five, of the 1,019 social worker positions needed by DCF
to service the number of children in its care, are currently
vacant.

In February 2002, U.S. District Judge Alan H. Nevas approved an
18-month exit plan that would bring DCF out from monitoring
under the consent decree. The plan lists 22 goals for DCF to
meet in order free itself from court oversight. The goals --
which address staffing, funding, caseloads, social worker visits
and placement of children -- have minimum and maximum levels
that must be reached and maintained for 12 consecutive months
before the court considers releasing the agency from its
control.

The 18-month transition period ends in August; Ms. Stone said
the exit plan could collapse if the latest violations have not
been addressed at that time.

A spokeswoman for Governor John G. Rowland said DCF is important
to the governor and that the Office of Policy and Management is
meeting with the DCF to discuss the 65 social workers needed to
alleviate the caseload violation.


DEAN FOODS/HORIZON: Shareholders Sue Over Proposed Acquisition
--------------------------------------------------------------
Dean Foods Company (NYSE: DF) and Horizon Organic Holding
Corporation (Nasdaq: HCOW) announced that two shareholders have
filed two class action complaints in the Chancery Court in the
State of Delaware against Dean Foods Company and Horizon Organic
Holding Corporation and the individual members of its Board of
Directors.

The complaints allege, among other things, that the
consideration to be paid to shareholders of Horizon Organic in
connection with the proposed acquisition by Dean Foods of
Horizon Organic is unfair and that the defendants breached their
fiduciary duties to the Horizon Organic shareholders.

Tom McCloskey, Chairman of the Board of Directors of Horizon
Organic, stated, "The proposed acquisition of Horizon Organic by
Dean Foods is in the best interests of the Horizon Organic
shareholders. We are very pleased with the consideration to be
paid and are confident that it represents a full and fair price
to Horizon Organic's shareholders."

"We believe these lawsuits are without merit, and we intend to
vigorously defend them," said Gregg Engles, Chairman and Chief
Executive Officer of Dean Foods. "We continue to expect to close
this transaction in the fourth quarter."

Dean Foods and Horizon Organic announced on Monday the signing
of a definitive agreement by which Dean Foods will acquire the
87% equity interest in Horizon Organic it does not currently own
for a cash price of $216 million, or $24 per share, and the
assumption of approximately $40 million in debt.


DENVER: Suit Claims Airport Exposed to Mold, Fungi Contamination
----------------------------------------------------------------
A class action lawsuit has been filed in the Denver District
Court claiming that travelers and employees at Denver
International Airport have been exposed to extensive mold and
fungi contamination that can cause and has caused a variety of
recurring respiratory problems, The Denver Post reports.

The suit alleges that since 1995, thousands of employees and
travelers, especially those using Concourse B, have been exposed
to the problems, caused by what the lawsuit describes as "severe
environmental conditions" such as recurring raw sewage leaks and
emissions of toxic gases.

The lawsuit asks for unspecified monetary damages from the city
of Denver.

Two named plaintiffs are United Airlines employees Terri
Crandall and Joann Hubbard. The suit claims that after having
spent a considerable time at the airport, they have begun to
develop various respiratory difficulties and other ailments that
are consistent with toxic exposure.

Turner West, DIA's deputy manager of aviation for maintenance
and engineering, said Tuesday night the airport is not
contaminated with mold and fungi and that repeated testing, by
the city of Denver and United, has failed to turn up any mold
and fungi contamination, according to the Denver Post.

In summary, the suit seeks:

     1) an injunction to abate the alleged contamination and to
        force the airport to "take all precautions necessary to
        protect the health of the plaintiffs and class members;

     2) for the city of Denver to institute safeguards at the
        airport to find any adverse health effects caused by the
        allegedly hazardous environment; and

     3) to establish a fund to administer a medical surveillance
        program allowing the plaintiffs to have periodic medical
        screening for early detection and treatment of health
        problems.


FRANZUS CO.: Recalls Adapter Plugs for Possible Injury Hazard
-------------------------------------------------------------
Franzus Company LLC, of Beacon Falls, Conn., in voluntary
cooperation with the U.S. Consumer Product Safety Commission,
recalls about 29,000 units of International Adapter Plugs.

The adapter plug can separate, exposing live electrical
conductors, posing an electrocution and shock hazard to
consumers.

The Franzus Co. has received two reports of the plugs
separating. No injuries have been reported.

The black or white plastic adapter plugs have names of specific
countries or regions where the plugs are intended for use
written on the side. The writing includes "NORTHERN EUROPE,"
"GREAT BRITAIN," "NO. AMERICA," "AUSTRALIA," and "SO. EUROPE."
Except for the names of these countries and regions, the
recalled plugs have no other writing on them. Plugs with "MADE
IN USA" printed between the prongs, or that have a screw between
the prongs, are not included in the recall.

Manufactured in China, catalog and retail stores nationwide sold
the adapter plugs in sets of five from April 2002 through June
2003 for between $10 and $40.

As remedy, the company is offering free replacement adapter
plugs.

For more information, contact Franzus Co. by Phone:
(800) 706-7063 between 9 a.m. and 5 p.m. ET Monday through
Friday, or by Email: service@franzus.com.


GSW INDUSTRIES: Recalls Water Heaters for Possible Burn Hazard
--------------------------------------------------------------
GSW Industries Inc., of Fergus, Ontario, Canada and S.I.T.
Manufacturing N.A.S.A. de C.V. (distributor), of Mexico, in
voluntary cooperation with the U.S. Consumer Product Safety
Commission, recall 13,000 units of S.I.T. Gas Temperature
Controls on GSW Water Heaters in the USA.

The product poses a potential burn hazard from ignition
flashback or an increase in tank water temperature.

In Canada, where 140,000 units were sold, there were 45
incidents reported, including 15 reports of minor burns. None
was reported in the U.S.

This recall involves GSW water heaters with S.I.T. model 650 AC4
gas/temperature controls. The temperature control knobs on GSW
propane water heaters are red and the control knobs on GSW
natural gas water heaters are blue. The controls can be found on
GSW Water Heaters with serial numbers ranging from 0202694162 to
0304507825.

Regional appliance distributors sold the recalled products from
February 2002 through April 2003 for between $150 and $550.

The gas temperature controls were manufactured in Mexico. The
water heaters were manufactured in Canada.

As remedy, the company advises that: when installing a GSW water
heater with a SIT AC4 gas control valve in the identified group,
or re-lighting the pilot light, the following instructions must
be complied with:

Make sure that the water heater contains cool water prior to
lighting the pilot by opening a hot water faucet near your water
heater and allowing the water to run for five minutes. Close the
faucet.

Turn the gas/temperature control knob clockwise to the maximum
(VERY HOT) setting, and then slowly turn the knob back
counterclockwise to the PILOT position, indicated by the yellow
button. Listen for the main valve to close- this would be a
popping or snapping sound. This sound is different from the
clicking sound that the knob makes as you turn it.

If you hear the popping sound then the valve is working
properly. You should then read and follow the "Installation and
Operating Instructions". If you do not hear the popping sound
then do not attempt to light the pilot and replace the valve.

If the unit has been stored or is being installed in a cold
environment and the main valve does not close before the knob is
turned back to the PILOT position, the gas control valve must be
warmed up to a temperature above 32 degrees F or 0 degrees C.
Once warmed up, repeat the procedure above. If the gas control
valve does not close (popping sound), replace the valve. If the
water is too hot or if the temperature and pressure valve opens,
turn down the temperature using the temperature control. If the
water remains too hot or the temperature and pressure relief
valve continues to open, then replace the valve.

For more details, call GSW toll-free at (800) 263-3502 between 8
a.m. and 5 p.m. ET Monday through Friday or S.I.T. Controls USA
Inc. at (704) 369-2810 between 8 a.m. and 5 p.m. ET Monday
through Friday.


INTERVOICE: Discovery Stayed Pending Case Dismissal Resolution
--------------------------------------------------------------
Several related class action lawsuits were filed in the United
States District Court for the Northern District of Texas on
behalf of purchasers of common stock of Intervoice Inc. during
the period from October 12, 1999 through June 6, 2000.

Plaintiffs have filed claims, which were consolidated into one
proceeding, under Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and the Securities and Exchange Commission
Rule 10b-5 against the Company as well as certain named current
and former officers and directors of the Company on behalf of
the alleged class members.

In the complaint, Plaintiffs claim that the Company and the
named current and former officers and directors issued false and
misleading statements during the Class Period concerning the
financial condition of the Company, the results of the Company's
merger with Brite and the alleged future business projections of
the Company. Plaintiffs have asserted that these alleged
statements resulted in artificially inflated stock prices.

The Company believes that it and its officers complied with
their obligations under the securities laws, and intends to
defend the lawsuit vigorously.

The Company responded to this complaint by filing a motion to
dismiss the complaint in the consolidated proceeding. The
Company asserted that the complaint lacked the degree of
specificity and factual support to meet the pleading standards
applicable to federal securities litigation. On this basis,
the Company requested that the United States District Court for
the Northern District of Texas dismiss the complaint in its
entirety.

Plaintiffs responded to the Company's request for dismissal. On
August 8, 2002, the Court entered an order granting the
Company's motion to dismiss the class action lawsuit. In the
order dismissing the lawsuit, the Court granted plaintiffs an
opportunity to reinstate the lawsuit by filing an amended
complaint. Plaintiffs filed an amended complaint on September
23, 2002. The Company has filed a motion to dismiss the amended
complaint, and plaintiffs have filed a response in opposition to
the Company's motion to dismiss.

The Court has ordered the parties to attend a mediation with a
neutral third-party mediator during June 2003. All discovery and
other proceedings not related to the dismissal have been stayed
pending resolution of the Company's request to dismiss the
amended complaint.


JAKKS PACIFIC: Recalls "Spit Smatter" Spray Foam for Injury Risk
----------------------------------------------------------------
JAKKS Pacific Inc., of Malibu, Calif., in voluntary cooperation
with the U.S. Consumer Product Safety Commission, recalls about
1.3 million units of "Spit Smatter" Spray Foam.

The aerosol cans can forcefully break apart, posing a risk of
serious injury to nearby consumers.

The Company has received four reports of the aerosol cans
breaking apart, including one incident that resulted in a
laceration injury to a consumer and several incidents involving
property damage.

The "Spit Smatter" spray comes in a pressurized can and emits a
colored foam based on one of six brands: "Original Smatter,"
"Blueberry Smatter," "Banana Cream Smatter," "Lemon Meringue
Smatter," and "Fatter Smatter." The brand name is printed on the
can and the word "Nickelodeon" is printed on the orange trigger
mechanism.

Discount department and toy stores nationwide sold the "Spit
Smatter" foam cans between February 2002 and June 2003 for about
$10. The product is manufactured in China.

Consumers should immediately take the aerosol can away from
children and contact the company for instructions on disposal
and how to receive a full refund.

JAKKS Pacific can be reached by Phone: (800) 554-5516 between
8:30 a.m. and 5:30 p.m. PT Monday through Friday, or by E-mail
smatterrecall@jakks.net.


KENTUCKY: Two Building Firms Sue State's Transportation Cabinet
---------------------------------------------------------------
Two construction companies have filed a class action lawsuit
against Kentucky's Transportation Cabinet, its director and the
state highway engineer, alleging racketeering and civil rights
violations, reported Associated Press Newswires.

Transportation officials used the state's Disadvantaged Business
Enterprise Program "as an enterprise to commit fraud" by
awarding contracts to companies "they knew were unqualified to
participate in the program," according to the lawsuit filed in
Franklin County Circuit Court. This practice deprived legitimate
candidates from benefiting from the program, the lawsuit further
alleged.

Plaintiffs Chaz Concrete Co. of Louisville and Grant Trucking
Co. of Jeffersonville, Indiana, claim Transportation Secretary
James Codell III and state highway engineer J.M. Yowell
manipulated the process to qualify companies they knew were not
eligible.

The plaintiffs are seeking unspecified monetary damages.

The Disadvantaged Business Enterprise Program is aimed at
helping socially and economically disadvantaged companies
compete for state contracts. Certification in the program helps
construction companies owned by minorities and women get work as
subcontractors on state road projects and other public
construction projects.

Governor Paul Patton's former mistress, Tina Conner, has claimed
that during their affair the governor helped get ST
Construction, a company Ms. Conner owned, certified for the
program. But Governor Patton and Secretary Codell have denied
any impropriety in the process that led to certification of Ms.
Conner's now-defunct company.


MIRANT CORP: Investors Sue Unit Claiming False Bond Registration
----------------------------------------------------------------
Mirant Corp. said it received notice of a class-action lawsuit
filed June 11 against its unit Mirant Americas Generation LLC,
according to a Form 8-K, filed recently with the Securities and
Exchange Commission, reported Atlanta Journal-Constitution. The
SEC filing did not include the full name of the plaintiff.

The lawsuit was filed in Fulton County Superior Court, Georgia.
It asks to represent a class of all people who purchased debt
securities of Mirant Americas Generation under an offer in May
2002, in which $750 million of bonds registered were exchanged
for $750 million of previously issued Mirant Americas
Generation's senior notes.

The lawsuit alleges that Mirant Americas Generation's recent
restatement of financial statements rendered the registration
filed for the exchange offer materially false.

The plaintiffs demand damages, interest and attorneys' fees.


PACIFIC SMOKING: Recalls Smoked Salmon For Possible Health Risk
---------------------------------------------------------------
Pacific Smoking Co. of Salem, Oregon, is voluntarily recalling
222.44 pounds of Pacific Seafood Northwest Style Smoked Salmon,
because it has the potential to be contaminated with Listeria
monocytogenes, an organism which can cause serious and sometimes
fatal infections in young children, frail or elderly people, and
others with weakened immune systems.

Although healthy individuals may suffer only short-term symptoms
such as high fever, severe headache, stiffness, nausea,
abdominal pain and diarrhea, Listeria infection can cause
miscarriages and stillbirths among pregnant women.

Pacific Seafood Northwest Style Smoked Salmon was distributed in
Oregon, Washington, Idaho, Montana, and California, through food
service and retail outlets. The smoked salmon is vacuumed
packaged in approximate one half to one pound packages. On the
back of each package there is an orange sticker with the lot
numbers 052922, 092903.

No illnesses relating to this product have been reported to
date. The potential for contamination was noted after routine
FDA testing revealed the presence of Listeria monocytogenes in
retail packs of smoked salmon.

For more details, contact the Company by Phone: 503-905-4446.


PERFECT FIT: Recalls Electric Blankets for Possible Burn Injury
---------------------------------------------------------------
Perfect Fit Industries, of Charlotte, N.C., in cooperation with
the U.S. Consumer Product Safety Commission, is recalling about
18,000 units of SOIREE and Soft n' Warm Electric Blankets.

These blankets can overheat, posing a risk of burn injuries to
consumers, especially when the blanket is folded or bunched.

Perfect Fit is aware of 44 reports of these blankets
overheating, resulting in four reports of minor burn injuries.
Damage to the blankets and bedding materials also have been
reported.

The recalled electric blankets are the SOIREE (only those sold
at Belk stores) and Soft n' Warm (only sold at K-mart), both of
which were sold in king, queen, full and twin sizes. At Belk,
the electric blankets were sold only in ivory color and at K-
mart they were sold in ivory, light blue and hunter green
colors. The model name appears on the packaging, but not on the
blanket. Both models have a UL warning label and a permanent
label that reads "Perfect Fit" and "Shell Made in China. Wired
and Closed in U.S.A." The Soft n' Warm model has a date code
ranging from 02228 through 02305 printed on a warning label on
the foot of the blanket.

K-mart and Belk stores nationwide sold the electric blankets
from September 2002 through February 2003 for between $40 (twin
size) and $200 (king size).

Firm is providing a free replacement blanket and advises that
consumers should unplug the recalled units immediately.

For more details, contact the Company by Phone: (877) 882-9478
between 9 a.m. and 5 p.m. ET Monday through Friday.


PREMIER CRUISE: Discloses Proposed Class Action Settlement
----------------------------------------------------------
Todd Pittenger of the Law Offices of Lowndes, Drosdick, Doster,
Kantor & Reed, P.A., counsel for the Defendant Premier Cruise
Lines, and Douglas Bowdoin, counsel for the previously certified
Plaintiff Class announced a proposed settlement on behalf of
persons who purchased tickets for a cruise with Premier Cruise
Lines during the period May 1, 1992 to December 31, 1997.

Premier's ships, the Oceanic, the Atlantic, and the Majestic,
operated under the name The Big Red Boat.

The class action alleges that Premier collected "port charges"
that exceeded the amount actually paid and seeks a refund of the
excess. Premier denies all allegations. The Court has not
decided in favor of one side or the other. Instead, the parties
have agreed to a settlement.

         What Can a Class Member Get From The Settlement?

Premier is no longer in business. In exchange for records from
Premier, Ocean Club Cruise Line, which is not related to
Premier, will provide vouchers for $40 or $30 discounts against
the best negotiated price for its 2- and 3-night cruises,
respectively, out of Port Canaveral, Florida.

A class member is entitled to a voucher for every qualifying
Premier cruise taken. In exchange for these benefits, you
release all claims against Premier, its shareholders, and
affiliates relating to port charges.

A Class Member can receive the vouchers by contacting Complete
Claim Solutions, Inc. (the "Claims Administrator") toll-free at
1-888-527-8816 or at http://www.premiersettlement.com,or by
writing to Premier Cruise Port Charge Litigation, c/o Complete
Claim Solutions, Inc., P.O. Box 24646, West Palm Beach, FL
33416. Class members should not contact counsel for Premier or
the court.


SLAVERY REPARATIONS: Lawsuits Spur Demand For Congress' Action
--------------------------------------------------------------
Lawsuits against corporations over slavery are energizing the
longstanding demand for Congress to act, reported the Charleston
Gazette. Some supporters of congressional involvement say they
want at least an apology to the nation and the descendants of
slaves.

Representative John Conyers, D-Mich., for the past dozen years
has offered a congressional resolution for a commission to
research the reparations issue, but the resolutions have gotten
nowhere.

Now the reparations drive, as well as the class action lawsuit,
are both gaining ground in the country.

"Once considered a radical fringe movement, today, the fight for
reparations has gained momentum as more prominent African-
Americans take up the cause," says the article in Crisis
magazine, published by the National Association for the
Advancement of Colored People, and authored by Tatsha Robertson,
New York Bureau Chief of The Boston Globe. The article also
features three living children of former slave Andrew Jackson
Hurdle, who died in 1935 at the age of 89. His surviving
children are 84, 75, and 71.

A group of lawyers are at work on the federal class action
against 17 corporations. The group includes Harvard Law
Professor Charles Ogletree, and civil rights lawyers Johnnie
Cochran and Deadria Farmer-Paellman.

Among the corporations are FleetBoston Financial Corp., R.J.
Reynolds Tobacco Co., CSX and New York Life Insurance Co., which
said its predecessor Nautilus Insurance Co. "wrote policies on
the lives of slaves in 1846 and 1847," but ended the practice in
1848.

The class action lawsuit accuses the corporations of profiting
from the slave system and asserts, therefore, that they are
liable for reparations to the descendants of slaves. It is
estimated that the U.S. economy reaped benefits up to $40
million in slave labor between 1790 and 1860 -- a sum that
translates into $1.4 trillion in the value of today's dollar.

The Hurdles say they are not looking for personal payments, but
want the corporations to apologize and set up a fund
specifically for African-American children and the African-
American poor.


SMALL SMALL WORLD: Recalls "Egg Dippers" Easter Plush Toys
----------------------------------------------------------
Small Small World, of Englewood, N.J., in voluntary cooperation
with the U.S. Consumer Product Safety Commission, recalls about
75,000 units of "Egg Dippers" Easter Plush Toys.

The toys' seams can separate and allow small beads to be
released, presenting an aspiration hazard to young children.

There have been two reports of children ingesting beads coming
out of these plush toys. No injuries have been reported.

The recall includes four animal plush toys. The white rabbit has
a purple egg which reads "Happy Easter," the green rabbit has a
yellow egg which reads "Happy Easter," the purple bear has a
purple egg which reads "Happy Easter," and the yellow duck
carries a green egg which reads "You're Egg-stra Special." Each
toy has a permanent label affixed which reads "The Boyd's
Collection, Ltd."

Manufactured in China, department and specialty stores
nationwide sold these toys from February 2003 through April 2003
for about $8.

Consumers should call the firm on information on getting a free
replacement toy.

For more information, call The Boyds Collection at
(800) 377-3050 between 9 a.m. and 5 p.m. ET Monday through
Friday.


SPRINT: Customer Commences Add-On Fees Lawsuit
----------------------------------------------
A Sprint cellular phone customer has commenced a class action in
the Circuit Court of Palm Beach County arising out of Sprint's
practice of adding to customer bills "USA Regulatory Obligations
& Fees," including an unjustified fee related to the 911
emergency number.

The Class of Sprint customers includes "all persons . . . who
were charged by Sprint and paid a Federal E 911 or ``USA
Regulatory' fee or similar unilaterally-imposed illegal
assessment."

The Sprint customer, Kathy Flaherty, a Florida resident, claims
that these charges "were not referred to by Sprint at the time
of purchase of [Sprint] Service Plans and are imposed
unilaterally by Sprint at its discretion." The Complaint goes on
to claim that these charges "breach the terms of the service
agreements" and the advertised prices for Sprint Service Plans.

Richard D. Greenfield, a Royal Oak, Maryland lawyer specializing
in the litigation of consumer class actions, stated that:
"Sprint's practices are part of a new trend in the wireless
telecommunications industry and has used these 911 emergency
numbers as a pretext for adding improper and excessive charges.
Cellular service providers are adding these surprise "jack-in-
the-box" charges to customer bills, which add substantial
amounts over the life of the contracts."

Anthony J. Bolognese, Co-Counsel for the plaintiff, said, "This
is an outrage. These companies advertise fixed prices for
bundles of minutes then add charges that appear to be justified
to unsuspecting customers."

Copies of the Complaint, which requests repayment of the
wrongfully charged amounts and other relief, can be obtained by
email request at whitehatrdg@earthlink.net.

For more information contact Richard D. Greenfield at
(410) 745-4149 or Anthony J. Bolognese at (215) 814-6750 or Paul
J. Geller at (561) 750-3000


SUBARU: Recalls Some 2003 Model Year Legacy and Outback Vehicles
----------------------------------------------------------------
Subaru of America, Inc., the only car company that offers
symmetrical all-wheel drive as standard equipment on every
vehicle in its product line, announced a voluntary recall of
certain 2003 Subaru Legacy and Outback models in "salt-belt"
states to address a possible front suspension corrosion problem.

This recall involves some 2003 model year Subaru Legacy sedan
and Outback vehicles. The vehicles were produced between April
3, 2003 and April 14, 2003. Approximately 350 vehicles are
potentially affected in the "salt belt" region.

This recall will include vehicles originally sold and/or
currently registered in the states of CT, DE, DC, IA, IL, IN,
KY, ME, MA, MD, MI, MN, MO, NH, NJ, NY, OH, PA, RI, VT, VA, WV,
and WI.

Certain front left-hand side transverse link suspension
components were produced by a supplier with poor paint quality
which, after continued exposure to corrosive road salts for a
period of several years, may result in rusting of the component
and eventual breakage of the transverse link.  If such breakage
would occur while the vehicle is being operated, control of the
vehicle could be affected.

The campaign was launched as a result of Subaru field
inspections and quality assurance testing.  There have been no
accidents or injuries attributed to this problem.

The front suspension transverse link of vehicles operated in the
"salt-belt" states will be rust-proofed with anti-rust wax at no
cost to the owner. Subaru will provide a campaign bulletin to
dealers, and during the month of July a recall notice will be
sent to owners who have already purchased one of the affected
vehicles, advising them of the potential defect.

For more information, contact Lisa Fleming or Mike Whelan by
Phone: (856) 488-5093 or by E-mail: lfleming@subaru.com or
mwhelan@subaru.com or visit the company's media web site:
http://www.media.subaru.com.


TOWNE SERVICES: N.D. GA Court Sets Settlement Hearing on July 23
----------------------------------------------------------------
Pursuant to an Order of the United States District Court for the
Northern District of Georgia, Atlanta Division, a hearing will
be held on July 23, 2003 at 9:30 A.M. before the Honorable
Beverly B. Martin, at the United States District Court, 75
Spring Street, S.W., Atlanta Georgia 30303 for the purpose of
determining:

     1) whether the proposed settlement of the claims in the
        securities class action against Towne Services, Inc. for
        the sum of $2 million in cash, and accrued interest
        thereon, should be approved by the Court as fair,
        reasonable, and adequate;

     2) whether, thereafter, this action should be dismissed
        with prejudice as set forth in the Stipulation and
        Agreement of Settlement dated a of April 30, 2003;

     3) whether the proposed Plan of Allocation is fair,
        reasonable, and adequate and therefore should be
        approved; and

     4) whether the application of plaintiffs' counsel for the
        payment of attorneys' fees and reimbursement of costs
        and expenses incurred should be approved.

Class members affected by this settlement action include all
persons and entities who purchased or otherwise acquired the
common stock of Towne Services Inc. between June 23, 1999 and
October 13,1999, including those who acquired the company's
common stock pursuant to a prospectus filed with the SEC in
connection with the company's secondary public offering declared
effective on June 23, 1999.

In order to share in the distribution of the Net Settlement
Fund, one must submit a Proof of Claim and Release no later than
September 15, 2003, establishing entitlement to recovery.

Any objection to the proposed settlement, plan of allocation or
fee application must be filed with the Court no later than July
14, 2003.

Steven B. Singer, Esq. of Berstein, Litowitz, Berger & Grossmann
LLP and Maya Saxena, Esq. of Milberg, Weiss, Bershad, Hynes &
Lerach LLP serve as Plaintiffs' Lead Counsel.

Sylvia King Kochler, Esq. of Hunton & Williams LLP serves as
Defendants' Counsel.


UNITED KINGDOM: Kenyan Women Granted Legal Aid For Rape Case
------------------------------------------------------------
About 650 Kenyan women received legal aid from Britain to sue
the Ministry of Defense over their claims they were victims of
routine attacks, including gang rapes, by British troops
stationed in Kenya over a period of 30 years from 1972, the
Associated Press reports.

The women's British Counsel, Martyn Day, says he holds
documentary evidence that British commanding officers in Kenya
failed to investigate reports of several of the rapes and that
the women intend to sue the ministry for negligence.

Most women who've come to join the proposed class action suit
for compensation are from the Masai tribe. Mr. Day expects the
number to rise to more than 1,000 as his team continues to
interview victims and seek records. Most of the rapes are said
to have taken place near the villages of Dol Dol, Archers Post
and Wamba. The British army reportedly has a training base near
Mount Kenya where its soldiers carry out weaponry practice.

According to AP, the Department for Constitutional Affairs,
which determines the distribution of legal aid in Britain, said
Wednesday it had granted limited funds for further investigation
of the alleged rapes.

Mr. Day said he was going back to Kenya for further
investigation before beginning legal action against the Ministry
of Defense alleging that the British army systematically failed
to exercise its duty of care to the local community.

``Once we are satisfied that the group is right, we will then be
looking to commence legal proceedings here in the High Court in
London and pursuing this case through the courts to trial,' he
said.

Day said he would seek compensation of between 20,000 and 30,000
pounds (US$33,200 to US$49,800) for each alleged victim, reports
AP.


* Beef Recall Highlights Need for E. Coli Treatment
---------------------------------------------------
The recent recall of approximately 739,000 pounds of frozen
beef, mostly vacuum packaged steaks, dramatically demonstrates
the need for an effective treatment of contamination of food and
drink products by potentially deadly E. coli O157:H7 bacteria
according to Dr. Michael Munzar, Medical Director of Nymox
Pharmaceutical Corporation (NASDAQ: NYMX).

The recall by the U.S. Department of Agriculture's Food Safety
and Inspection Service was unusual because it involved steaks
and not ground beef. The contamination was believed to originate
from injecting tenderizers and flavor-enhancers.

Nymox has under development NXC-4720, a novel antibacterial
product for E. coli O157:H7 meat contamination. The Company
recently announced that its NXC-4720 product has continued to
make its milestones in product development. Recent studies have
shown that treatment with NXC-4720 cleared infected beef of E.
coli O157 contamination and helped prevent further E. coli
contamination. The Company will be extending its field trials.

Food safety is a priority item for the Bush administration and
the U.S. Department of Agriculture. The USDA has recently
announced a number of initiatives directed at the problem of E.
coli O157 contamination of meat in particular. In 2002 alone,
over 23 million pounds of meat was recalled in the U.S. because
of possible E. coli contamination, affecting all sectors of the
meat industry from large meat processors to local supermarkets
and many consumers. On average, Americans consume over 65 pounds
of beef per person per year.

"The problems posed by E. coli O157 contamination of our food
and water supplies has long been recognized by public health
officials and the food industry. What is missing are practical
effective solutions," said Dr. Munzar. "Nymox's NXC-4720 has
great potential as a viable commercial solution."

E. coli O157 bacterial contamination is a major public health
problem throughout the world. The Centers for Disease Control
and Prevention estimates that in the United States alone, 73,000
human cases occur every year as a result of E. coli O157
contamination of food and drink products and of water supplies.
This type of E. coli infection can cause severe bloody diarrhea
and abdominal cramps and can lead to kidney failure,
particularly in young children and in the elderly, with often
serious long term and sometimes fatal results. One USDA study
estimated the direct and indirect costs of foodborne E. coli
O157 infections at over $650 million per year.


                     Asbestos Alert


ASBESTOS ALERT: Northrop Grumman Battles Asbestos-Related Suits
---------------------------------------------------------------
Northrop Grumman Corporation reports that it faces numerous
asbestos-related lawsuits.

Like many other industrial companies in recent years, and as a
result of acquisition activities, the company is a defendant in
lawsuits alleging personal injury as a result of exposure to
asbestos integrated into its premises and certain historical
products.

The company no longer incorporates asbestos in any currently
manufactured products. Many of these claims have been dismissed
with no payment and the remaining resolved claims have involved
amounts that were not material either singly or in the
aggregate. Based on the information available to the company as
of the date of filing of this report, the company does not
believe that disposition of any or all of these matters would
have a material adverse effect upon it.

COMPANY PROFILE
Northrop Grumman Corporation (NYSE: NOC)
1840 Century Park East
Los Angeles, CA 90067-2199
Phone: 310-553-6262
Fax: 310-553-2076
http://www.northgrum.com

Employees   : 117,300
Revenue     : $17,206,000,000
Net Income  :     $64,000,000
Assets      : $42,266,000,000
Liabilities : $27,944,000,000
(As of Dec. 31, 2002)

Description: The acquisitions of Litton Industries, Newport
News, and TRW have made Northrop Grumman the world's #1 ship
builder and the #2 US defense contractor (behind Lockheed
Martin). It operates in six sectors: Electronic Systems
(military, commercial, and space); Information Technology
(computer systems); Integrated Systems (aircraft); Ship Systems
(Avondale and Ingalls; military and commercial ships); Newport
News (nuclear-powered submarines and aircraft carriers); and
Component Technologies (electronic and optical components). High
profile products include the B-2 stealth bomber, amphibious
assault ships, and oil tankers. Late in 2002 Northrop acquired
TRW in a $7,800,000,000 stock deal.


ASBESTOS LITIGATION: FMC Corp Faces Asbestos Premises Claims
------------------------------------------------------------
FMC Corp. is involved in multiple party asbestos-related
litigations, which allege personal injury due to asbestos
exposure.

Like hundreds of other industrial companies, FMC has been named
as one of many defendants in asbestos-related personal injury
litigation. These cases (most cases involve between 50 and 350
defendants) allege personal injury or death resulting from
exposure to asbestos in premises of FMC or to asbestos-
containing components installed in machinery or equipment
manufactured or sold by discontinued operations.

The machinery and equipment businesses owned or operated by the
company did not fabricate the asbestos-containing component
parts at issue in the litigation, and to this day, neither the
U.S.'s Occupational Safety and Health Administration nor the EPA
has banned the use of these components. Further, the asbestos-
containing materials were housed inside of machinery and
equipment and accessible only at the time of infrequent repair
and maintenance. Therefore, FMC believes that, overall, the
claims against FMC are without merit and considers itself to be
a peripheral defendant in these matters. Indeed, the bulk of the
claims against it to date have been dismissed without payment.

As of December 31, 2002, there were approximately 26,000
premises and product claims pending against FMC in several
jurisdictions. To date, the company has manages to discharge,
all before trial, approximately 51,000 claims against FMC, the
overwhelming majority of which have been dismissed without any
payment to the plaintiff. The costs of all settlements to date
have totaled approximately $3 million.

FMC intends to continue managing these cases in accordance with
its historical experience. It has established a reserve for this
litigation and believes that the outcome of these cases will not
have a material adverse effect on its consolidated results of
operations, cash flows or financial condition.


ASBESTOS LITIGATION: Trimas Posts Latest on Asbestos Suits
----------------------------------------------------------
Trimas reports the status of its asbestos-related cases in its
latest report filed with the Securities and Exchange Commission.

According to the filing, as of May 12, Trimas has around 581
pending cases involving an aggregate of roughly 25,352 claimants
alleging personal injury from exposure to asbestos containing
materials formerly used in gaskets (both encapsulated and
otherwise) manufactured or distributed by certain of its
subsidiaries for use in the petrochemical refining and
exploration industries.

Trimas acquired various companies to distribute its products
that had distributed gaskets of other manufacturers prior to
acquisition. The company believes that many of its pending cases
relate to locations at which none of its gaskets were
distributed or used.

Total settlement costs (exclusive of defense costs) for all such
cases, some of which were filed over 12 years ago, have been
about $2,300,000. Trimas does not have significant primary
insurance to cover its settlement and defense costs. The company
believes that there may be excess insurance policies of former
owners available to it.  The company is in the process of
reconstructing, but funds may not be available.

Based upon its experience to date and other available
information, Trimas does not believe that these cases will have
a material adverse effect on its financial condition or future
results of operations. However, it may be subjected to
significant additional claims in the future, the cost of
settling cases in which product identification can be made may
increase, and it may be subjected to further claims in respect
of the former activities of its acquired gasket distributors.


ASBESTOS LITIGATION: Asbestos Miners to Get GBP7.5M
-----------------------------------------------------
A settlement worth GBP7,500,000 caps the long-running battle for
compensation against Cape plc brought by thousands of South
African miners with asbestos-related disease.

The package also included provision for a further GBP3,100,000
by South African company Gencor Ltd, making a total payout to
the workers of 10.6m. Sir Michael Wright formally approved the
deal at a hearing at the Royal Courts of Justice.

Attorneys for Cape said, "Cape has actively promoted and pursued
this settlement, although it does not make any admission of
liability. The Cape board is pleased that it comes to a close
and that Cape can now move on."

During the hearing, a banker's draft was handed on behalf of
Cape to Lord Brennan QC, representing more than 7,000 claimants,
for more than GBP7,000,000. After hearing from Lord Brennan on
behalf of the 7,500 claimants and Charles Gibson QC, for Cape,
Sir Michael said he was more than happy to approve the
settlement sum. He paid tribute to all parties "for the common
sense of the negotiations that have gone on".

The settlement will cover only claimants registered in the UK
legal action and not future ones. Solicitors for the claimants,
Leigh, Day and Co, said: "The amount of the settlement is
insufficient to enable funds to be distributed among further
claimants." But they said the number of excluded claimants
"should be small".

The solicitors said the settlement reached in March came after
"investigations revealed Cape was in serious financial
difficulty and experts advised there was a real threat of
insolvency. Had that happened, it is doubtful whether the
victims would have received a cent".

Cape plc, which sold its asbestos mines in 1979 and now works in
asbestos removal, no longer has any interests in South Africa.
At a previous hearing, Lord Brennan said it was the largest
group action in Britain and the largest transnational claim of
its kind.


ASBESTOS LITIGATION: CSX Pegs Asbestos Liabilities at $17M
----------------------------------------------------------
CSX Corporation (NYSE: CSX) in a press release, announced on
June 26 that it will record additional expenses during the
second quarter of 2003 as a result of lawsuits recently filed in
West Virginia state courts.

According to the report, accounting rules require the company to
record an estimate of these expenses. Approximately $17,000,000
will be recorded to account for the newly filed asbestos-related
claims in West Virginia. This amount is consistent with previous
experience in similar claims, however, the legitimacy of each
claim must still be thoroughly reviewed and litigated.

Just days before a new venue law took effect in West Virginia
approximately 1,500 cases were filed against CSX Transportation
(CSXT), CSX Corporation's rail operating unit. The vast majority
of the claims involve people who never lived or worked in West
Virginia and could have been dismissed and required to have been
heard in states that have some relationship to the
claim, if they had been filed after June 4, the effective date
of the new law.

"The rush to beat the effective date shows why the leaders of
West Virginia made such a responsible decision earlier this year
to reform the state's venue statute. With these latest filings,
hundreds of cases have entered West Virginia's resource-
constrained court system that has no connection with the state.
Responsible citizens and the shareholders and employees of CSX
want us to fight for judicial fairness and against every
illegitimate claim, and we will," said CSX Senior Vice President
of Law and General Counsel, Ellen Fitzsimmons.

COMPANY PROFILE
CSX Corporation (NYSE: CSX)
500 Water St.
Jacksonville, FL 32202
Phone: 904-366-3100
Fax: 904-359-1859
http://www.csx.com

Employees     : 39,928
Revenue       : $8,152,000,000
Net Income    :   $424,000,000
Assets        :$20,951,000,000
Liabilities   :$14,710,000,000
(As of December 31, 2002)

Description: CSX is in transportation business.  Its main
subsidiary, CSX Transportation (CSXT), operates the largest rail
system (23,000 route miles) in the eastern US. The freight
carrier links 23 states, the District of Columbia, and two
Canadian provinces. Subsidiary CSX Intermodal arranges the
transportation of freight by combinations of road, rail, and
ocean carriers. CSX also operates freight terminal company CSX
World Terminals, and it owns a minority stake in ocean container
shipping company Horizon Lines (formerly CSX Lines). Besides its
transportation assets, CSX owns The Greenbrier, a resort in West
Virginia.


ASBESTOS ALERT: Widow Sues Silsoe Institute for Husband's Death
---------------------------------------------------------------
Elaine Stamp is suing Silsoe Institute for roughly GBP130,000
for the death of her husband.  The widow claims that her late
husband Robert, who died in 2001 at 56 of mesothelioma, was
exposed to the asbestos while working for Silsoe Research
Institute.

Stamp was only 15 years old when he was employed as an
apprentice carpenter at the institute. According to the writ, he
was required as part of his work to remove and replace the
cladding from sheds in the premises of the institute.

It claims that the cladding material was made of corrugated
asbestos sheets and Mr. Stamp inhaled the dust and fiber
containing asbestos while cutting the material using hacksaws
and drills.

Mrs. Stamp is claiming a total of GBP127,236 damages from Silsoe
Research Institute.  The institute allegedly exposed her husband
to a major risk of fatal injury through asbestos dust and fiber
inhalation without giving him adequate protection or warning him
about the risks. She also said her husband should have been
provided with breathing apparatus and that the institute should
have taken measures to reduce the dust generated, such as
ensuring the cladding was damped down before cutting.

A link between asbestos and lung disease was known from the
beginning of the 18th century but the connection with
mesothelioma wasn't established until the 1960s.

Elaine Stamp is claiming damages for pain and suffering and
financial loss to her late husband's estate.

Hugh Edmondson, finance director at Silsoe Research Institute
said, "Robert Stamp worked at the institute in the early 1960s.
He left in 1966 and never returned to the institute. He then
went on to work for a number of other companies." The Company
only became aware of the case when it received the writ.

"The case is very tragic but we have passed this into the hands
of our solicitors. This was a very long time ago and we are
trying to understand the basics of the case."

COMPANY PROFILE
Silsoe Research Institute
Wrest Park
Silsoe
Bedford MK45 4HS
UK
Phone +44 (0)1525 860000
Fax +44 (0)1525 860156
http://www.sri.bbsrc.ac.uk

Description: Silsoe Research Institute is one of eight
institutes receiving a grant for basic and strategic research
from the Biotechnology and Biological Sciences Research Council
(BBSRC). It is the only research center in the UK dedicated to
the application of engineering and physical sciences to a wide
range of biological systems and processes, including
applications in the agricultural, environmental, horticultural,
food and healthcare industries. It is also a member of the
Bioscience Network and is currently working in collaboration
with many major research organizations and universities around
the world.


ASBESTOS LITIGATION: Senate OKs Asbestos Trust Fund Increase
------------------------------------------------------------
Legislators agreed to create a trust fund worth $153,000,000,000
that would end all asbestos lawsuits and instead pay asbestos
victims from a set schedule based on their diseases.

The agreement, for an additional $45,000,000,000 in funding,
could help win support from Democratic lawmakers, increasing the
likelihood that the trust will become law.

The federal government would administer the trust. A flood of
asbestos lawsuits has strained the court system and bankrupted
more than 60 companies.


ASBESTOS LITIGATION: Worker Dies of Asbestos-Related Disease
------------------------------------------------------------
Keith Woodiwiss, 67, died of asbestosis, caused by his years
working on building sites.

Woodiwiss worked for various building companies before starting
his own business knocking down buildings and renovating.

His first job as a builder was in 1956, when he worked for the
father of his wife Marina, 67, for nearly four years. But it was
later in his career that Woodiwiss became exposed to asbestos,
which was used as a roof insulator.

Cheshire coroner Nicholas Rheinberg said asbestos was "such a
common product, it had been used in items such as ironing
boards. That is not the dangerous time," he said. "It's when you
are laying asbestos or disturbing asbestos and you get all these
fibers released into the atmosphere."

It was also mentioned that Woodiwiss had also smoked 10
cigarettes a day.

Rheinberg said, 'It is unfortunately an awful combination -
asbestos and cigarette smoking.'

The coroner recorded "industrial disease" as the cause of death.


ASBESTOS LITIGATION: ABB Says Asbestos Cases Pose a Threat
----------------------------------------------------------
In a recent filing with the Securities & Exchange Commission,
the Swiss engineering group warns that a drawn-out appeals
process against its $1,300,000,000 asbestos compensation package
could make it impossible to obtain fresh capital. Absence of
which would make it impossible to cut its debt.

ABB Ltd admits that the US asbestos cases are indeed a big blow.
It says that if it cannot cut its debt, it might be unable to
meet its obligations in time and consequently be unable to
survive, according to the filing.

ABB's proposed asbestos compensation package is currently
awaiting verdict in the bankruptcy court in Delaware. A federal
court, whose ruling in turn can be appealed, must then approve
the package.


                   New Securities Fraud Cases


CORNERSTONE PROPANE: Schatz & Nobel Files Lawsuit in N.D. CA
------------------------------------------------------------
Schatz & Nobel, 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
units of CornerStone Propane Partners LP (Other OTC: CNPP.PK;
formerly NYSE: CNO) between November 2, 1999 and February 11,
2003, inclusive.

On February 11, 2003, CornerStone filed a Form 8-K with the SEC
stating that it had to restate its financial results for fiscal
years 2000 and 2001 due to known errors in previously reported
results. The Complaint alleges that CornerStone, certain
officers, and its general managing partner 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 November 2, 1999, and
February 11, 2003. The Complaint alleges that the defendants
made those misrepresentations in order to renegotiate
CornerStone's expiring credit lending agreements, which caused
the market price of CornerStone common units to be artificially
inflated.

For more information, contact Andrew M. Schatz or Wayne Boulton
by Phone: (800) 797-5499, or by E-mail: sn06106@aol.com, or
visit the firm's Web site: http://www.snlaw.net.


CREE INC: Wechsler Harwood Commences Securities Suit in M.D. NC
---------------------------------------------------------------
The law firm of Wechsler Harwood LLP initiated a securities
class action in the United States District Court for the Middle
District of North Carolina on behalf of all purchasers of the
publicly traded securities of Cree, Inc. (Nasdaq:CREE) during
the period between August 19, 1998 and June 13, 2003, inclusive.

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 how
         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. For example,
         in its January 14, 2000 prospectus, Cree failed to
         disclose that it would invest $5 million of the
         offering proceeds in World Theatre, Inc.;

     (5) that the defendants were actively concealing these
         facts in order to manipulate the Company's earnings
         outlooks in order to maintain its favorable stock
         prices;

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

     (7) that the Company's earnings projections were lacking in
         any reasonable basis when made.

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.
Market reaction to the news was swift. Shares of Cree fell 18.5%
or $4.11 per share to close at $18.10 per share on heavy trading
volume on June 13, 2003.

For more information, contact Ramon Pinon, Wechsler Harwood
Shareholder Relations Department by Mail: 488 Madison Avenue,
8th Floor, New York, New York 10022 or by Phone: (Toll Free)
(877) 935-7400 or by E-mail: rpinon@whesq.com or visit the
firm's Web site: http://www.whesq.com


INTERMUNE: Glancy & Binkow Files Securities Fraud Lawsuit in CA
---------------------------------------------------------------
Glancy & Binkow LLP initiated a securities class action in the
United States District Court for the Northern District of
California on behalf of all persons who purchased securities of
InterMune, Inc. (Nasdaq:ITMN) between January 6, 2003 and June
11, 2003, inclusive.

The Complaint charges InterMune and the Company's CEO, W. Scott
Harkonen, with violations of federal securities laws. Among
other things, plaintiff claims that defendants' dissemination of
materially false and misleading statements concerning one of the
Company's leading products, Actimmune, caused the Company's
stock price to become artificially inflated, inflicting damages
on investors.

InterMune is a biopharmaceutical company focused on developing
and commercializing products for the treatment of serious
pulmonary, infectious and hepatic diseases.

The complaint alleges that during the Class Period, defendants
were aware that demand for Actimmune was declining because:

     (1) the most recent clinical study showed that Actimmune
         was not effective in the treatment of certain pulmonary
         diseases,

     (2) Actimmune inventory levels were increasing, and

     (3) doctor demand was falling due, in part, to the
         Company's decision to curtail physician education, the
         lifeblood of InterMune's off-label sales of Actimmune.

However, despite this knowledge, the Company falsely stated that
it was on course to meet projected revenue figures, which had
not been previously reduced to reflect lowered demand for the
drug. On June 11, 2003, the Company announced that it was
cutting its 2003 revenue guidance figures and slashing projected
earnings from Actimmune.

The Company also announced it had overstated the number of
patients using Actimmune and that, contrary to its earlier
representations, demand for Actimmune from physicians was flat.
These disclosures sent InterMune's stock price plummeting to
$16.74, a 33% one-day fall.

For more details contact Peter A. Binkow, Esquire by Mail: 1801
Avenue of the Stars, Suite 311, Los Angeles, California 90067,
or by Phone: (310) 201-9161 or Toll Free at (888) 773-9224, or
by E-mail: to info@glancylaw.com, or visit the firm's Web site:
http://www.glancylaw.com


MORGAN STANLEY/UBS: Rabin Murray Commences Lawsuit in S.D. NY
-------------------------------------------------------------
Rabin, Murray & Frank LLP initiated a securities class action in
the United States District Court for the Southern District of
New York on behalf of all persons or entities who purchased or
otherwise acquired Atmel Corporation securities (Nasdaq:ATML)
between February 4, 2000 through July 11, 2001, inclusive.
Morgan Stanley & Co., Inc. and UBS Warburg LLC ("UBS") are named
as defendants in the Complaint.

The Complaint alleges that defendants violated section 10(b) of
the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the Securities and Exchange Commission ("SEC").

In particular, the Complaint alleges that defendants issued and
maintained favorable ratings and recommendations on Atmel
securities without any rational economic basis; failed to
disclose that they were issuing and maintaining these
recommendations to obtain investment banking business; and
concealed significant, material conflicts of interest that
prevented them from providing independent and objective
analysis.

The Complaint alleges that defendant Morgan Stanley, lead
underwriter of Atmel's public offering, failed to disclose in
the offering documents or elsewhere that Atmel had directed
Morgan Stanley to pay portions of the underwriting fees to
broker dealers, including defendant UBS, to issue favorable
research reports on Atmel. Further, the Complaint alleges that
Morgan Stanley failed to ensure that the broker dealers
disclosed such payments in their research reports.

As a result of these false and misleading statements and
omissions of material fact, the Complaint alleges that the price
of Atmel securities was artificially inflated throughout the
Class Period, causing plaintiff and the other members of the
Class to suffer damages.

On April 28, 2003, the SEC filed complaints against Morgan
Stanley and UBS for violating the Exchange Act, and several NASD
and NYSE rules by issuing false and misleading analyst reports
on companies. Morgan Stanley and UBS each settled these charges
for payments of $125 million and $80 million, respectively.

For more details, contact Eric J. Belfi or Sharon Lee by Mail:
275 Madison Avenue, New York, NY 10016, by Phone: (800) 497-8076
or (212) 682-1818, by Fax: (212) 682-1892, by E-mail:
email@rabinlaw.com, or visit the firm's Web site:
http://www.rabinlaw.com


SINGING MACHINE: Milberg Weiss Files Securities Fraud Suit in FL
----------------------------------------------------------------
The law firm of Milberg Weiss Bershad Hynes & Lerach LLP
initiated a securities class action in the United States
District Court for the Southern District of Florida, West Palm
Beach Division, numbered 03-80596-CIV-ZLOCH, on behalf of
purchasers of the securities of The Singing Machine, Inc.
(AMEX:SMD) between August 9, 2001 and June 27, 2003, inclusive.

Aside from the company, named defendants are:

     1) Salberg & Company, P.A (the Company's auditors),

     2) Edward Steele,

     3) John F. Klecha, and

     4) April Green

The Honorable William J. Zloch is the Judge presiding over the
action.

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 August 9, 2001 and June
27, 2003.

The Complaint alleges that Singing Machine emerged from
bankruptcy in 1998, and issued a series of press releases
emphasizing "record" net income to foster the impression that
the Company had profitably emerged from bankruptcy and had
successfully completed its corporate turnaround. In response to
the Company's barrage of press release and public filings
reporting strong financial results, Singing Machine's stock
price soared to over $26 per share in March 2002.

On June 27, 2003, Singing Machine shocked the market by
announcing it would restate 2002 and possibly 2001 financial
results, and would not be able to timely file its Annual Report
on Form 10-K for the fiscal year ended March 31, 2003 in order
to properly account for income tax provisions for fiscal 2003,
and to report an inventory reserve for fiscal 2003.

As a result, defendants revealed that net income for fiscal 2003
will be significantly below prior expectations. Singing Machine
announced that the restatement will have the effect of reducing
net income for fiscal 2002 and possibly fiscal 2001. On June 27,
2003, in late afternoon trading alone Singing Machine stock lost
over 30% of its value on enormous trading volumes of over
460,000 shares traded -- in contrast to average trading volumes
of around 50,000 shares.

The Company alleges that the financial statements issued by the
Company made during the class Period, all of which implicitly
and/or expressly were prepared in conformity with generally
accepted accounting principles (GAAP), were materially false and
misleading because the Company materially overstated its net
income in its publicly issued financial statements. As a result
of the Company's misrepresentations, Singing Machine investors
have sustained tremendous losses, and stand to lose much more as
the full extent and magnitude of the restatement is disclosed.

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


                        *********

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asbestos defendants that, according to independent researches,
collectively face billions of dollars in asbestos-related
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                        *********


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

Class Action Reporter is a daily newsletter, co-published by
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Copyright 2003.  All rights reserved.  ISSN 1525-2272.

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