CAR_Public/030805.mbx            C L A S S   A C T I O N   R E P O R T E R

           Tuesday, August 5, 2003, Vol. 5, No. 153

                        Headlines


AMERICAN SKANDIA: NY Court Dismisses Securities Fraud Lawsuit
AMERITRADE INC.: NE High Court Reinstates Consumers' Fraud Suit
CANADA: 3T B.C. Residents In Path Of Forest Wildfire Evacuated
CAPRICIOUS CHEESE: Recalls Cheese For Listeria Contamination
CATALINA MARKETING: Shareholders Launch Securities Suits in FL

CATHOLIC CHURCH: KY Archdiocese Agrees To Settle Sex Abuse Suit
DNA TESTING: Evidence In Serial Killer Case Not Hindered by Suit
EAGLE DISTRIBUTORS: Recalls Chocolates For Undeclared Peanuts
EASTWELL TRADING: Recalls Fruit Candy for Undeclared Sulfites
FLOWERS FOODS: Recalls Bread Products For Containing Metal Mesh

HIROSHIMA VICTIMS: Survivors Ask Government To Speed Process
HOTEL ALCUDIA: Lawsuit Possible After Cryptosporidium Outbreak
MCI/WORLDCOM: GSA Suspends New Business Over Access Fee Charges
MCI/WORLDCOM: BoycottMCI Head Hails Suspension of GSA Contracts
NEVIS CAPITAL: SEC Institutes Civil Action For Securities Fraud

RED-LIGHT CAMERAS: Drivers Sue To Oppose Red Light Camera System
SCHWARTZ APPETIZING: Recalls Herring For Listeria Contamination
TOBACCO LITIGATION: Jury Rules in Philip Morris' Favor
XEROX CORPORATION: IL Court Upholds $300M Pension Lawsuit Award


                    New Securities Fraud Cases

ADMINISTAFF INC.: Federman & Sherwood Lodges TX Securities Suit
CATALINA MARKETING: Milberg Weiss Lodges Securities Suit in FL
CREE INC.: Abbey Gardy Launches Securities Fraud Suit in M.D. NC
INTERMUNE INC.: Wechsler Harwood Lodges Securities Lawsuit in CA
QUEST SOFTWARE: Schiffrin & Barroway Launches CA Securities Suit

QUEST SOFTWARE: Glancy & Binkow Files Securities Suit in C.D. CA
QUEST SOFTWARE: Cauley Geller Lodges Securities Suit in C.D. CA
READ-RITE CORPORATION: Glancy & Binkow Lodges CA Securities Suit
SINGING MACHINE: Seeger Weiss Lodges Securities Suit in S.D. FL
SOLUTIA INC.: Brodsky & Smith Lodges Securities Suit in N.D. CA

STELLENT INC.: Shalov Stone Lodges Securities Suit in MN Court
STELLENT INC.: Brian Felgoise Lodges Securities Suit in MN Court
STELLENT INC.: Charles Piven Lodges Securities Suit in MN Court
STELLENT INC.: Cauley Geller Launches Securities Lawsuit in MN


                        *********


AMERICAN SKANDIA: NY Court Dismisses Securities Fraud Lawsuit
-------------------------------------------------------------
United States District Court for the Southern District of New
York Senior Judge Milton Pollack dismissed with prejudice the
class action filed against American Skandia Life Assurance
Corporation as a result of the agreement with Prudential
Financial, Inc. concerning the sale of American Skandia.

The lawsuit purported to represent a class of investors who
during the period December 1997 to October 2000 purchased
American Skandia variable annuity products for the purpose of
funding a "qualified" (i.e., tax- deferred) retirement account.
The plaintiffs alleged that the prospectuses for these variable
annuity products contained material misstatements and omissions
concerning the suitability of such products as funding vehicles
for tax qualified accounts in violation of US securities laws.

Judge Pollack concluded that the plaintiff's claims were without
legal merit.  In dismissing the plaintiffs' claims, Judge
Pollack wrote that, "the disclosures in the Prospectuses, taken
in context, conclusively disprove the materiality of the alleged
omissions and are thus fatal to the Plaintiffs' claims."

Once the court enters its judgment, plaintiffs will have thirty
calendar days to appeal the decision.  "Judge Pollack's
conclusions are in agreement with Skandia's previously stated
belief that the claims raised by the lawsuit were without merit"
said Jan-Mikael Bexhed, Skandia's General Counsel.

For further information, please contact Jan-Mikael Bexhed, EVP
and General Counsel by Phone: 46-8-788-3722 or contact Harry
Vos, Head of Investor Relations by Phone: +46-8-788-3643


AMERITRADE INC.: NE High Court Reinstates Consumers' Fraud Suit
---------------------------------------------------------------
The Nebraska Supreme Court reinstated a class action against
online brokerage Ameritrade, Inc., charging the Company with
failing to fix problems that stopped its customers from making
trades online, the Associated Press reports.

The suit alleges that the glitches were caused by "antiquated
and inadequate systems and an insufficient number of employees"
to help customers make trades.  The suit further alleged that
the Company spent more money on recruiting new subscribers than
fixing the glitches.

Last year, Douglas County District Judge Joseph Troia's
dismissed the suit because the plaintiffs failed to submit
evidence to prove their allegations.  He noted that three
plaintiffs complained about problems with one trade each and the
fourth complained of problems with three of 149 trades over an
eight-month period.

"That amounts to approximately six complaints out of 400 trades
and a satisfactory rating of 98.5 percent," Judge Troia wrote,
AP reports.  "One could argue that six miscues out of more than
400 trades does not indicate negligence."

State Supreme Court Judge Lindsey Miller-Lerman ruled that Judge
Troia was wrong to dismiss the action.  She said the record
"does not demonstrate Ameritrade's entitlement to judgment."

Ameritrade's attorneys did not immediately return telephone
calls seeking comment, AP reports.


CANADA: 3T B.C. Residents In Path Of Forest Wildfire Evacuated
--------------------------------------------------------------
The British Columbia government declared a state of emergency
recently and evacuated about 3,000 people, forced from their
homes in the Thompson-Nicola regional district as a fast-moving
forest fire expanded across 25 square miles, the Associated
Press Newswires reports.  About 2,700 residents of the region in
the Rocky Mountains were still on alert to evacuate quickly if
necessary.

Premier Gordon Campbell said his announcement of a state of
emergency was made not only to help crews fighting in the
afflicted areas to perform their tasks in a coordinated manner,
but to encourage the residents being evacuated that the
government was responsible for their necessary evacuation.

The McClure Lake fire, 22 miles north of Kamloops, has forced
the evacuation of McLure and Louis Creek residents, consumed
three structures and forced the closure of a portion of the
highway to Kamloops, the government said in a news release.  In
an early evacuation last week, more than 100 people from the
mining town of Hillside were evacuated from their homes.


CAPRICIOUS CHEESE: Recalls Cheese For Listeria Contamination
------------------------------------------------------------
Capricious Cheese Co. of Eureka, CA is recalling 19 wheels of
Capricious Washed Curd Cheese because it has the potential to be
contaminated with Listeria monocytogenes, an organism that 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.

Eleven wheels of Capricious Cheese were distributed in
California, in retail stores in the San Francisco Bay area and,
during June, in Farmer's Markets in San Francisco, Davis, and
Arcata.

Capricious Washed Curd Cheese comes in 7-8 pound wheels.  There
is an identifying green stamp of 01/28/03 on the side and bottom
of the cheese.  However, since these wheels were sold in slices,
there are no identifying characteristics.  There have been no
reports of illness to date.

The recall was the result of a routine sampling by the FDA.  One
of two cheeses from the 1/28/02 batch was contaminated by the
bacteria.  The other tested negative.  It is believed the
contamination was on the rind.  The company has ceased
distribution while they, the FDA, and the CA Department of Food
& Agriculture continue their investigation as to what caused the
problem.

For more details, contact the Company's owner, Ginger Olsen by
Phone: (707) 442-3209.


CATALINA MARKETING: Shareholders Launch Securities Suits in FL
--------------------------------------------------------------
Catalina Marketing Corporation, certain of its current and
former officers of the company and its Catalina Health Resource
business unit, faces several securities class actions in the
United States District Court for the Middle District of Florida
alleging violations of federal securities laws.

The plaintiffs allege that the defendants made positive
statements concerning the company's expectations about growth in
its revenues and earnings and the demand that existed for the
company's services, and that the defendants engaged in improper
revenue recognition.  The lawsuits allege that these improper
acts took place beginning in early calendar year 2002.

Plaintiffs allege these statements and actions were misleading
and seek unspecified damages.  Catalina Marketing believes the
claims are meritless and will defend against them vigorously.

For further information, contact Diana L. Myers, Executive
Counsel, Legal Affairs by Phone: (727) 579-5012.


CATHOLIC CHURCH: KY Archdiocese Agrees To Settle Sex Abuse Suit
---------------------------------------------------------------
In Jefferson County Circuit Court a hearing was held recently in
which the Archdiocese of Louisville agreed to pay 243 victims
$25.7 million over child sex abuse committed by certain members
of the Catholic clergy, The Atlanta Journal-Constitution
reports.

William McMurry represented 214 of the victims and negotiated
the class action settlement.  Some of the victims were upset
either at the size of the settlement - they did not think it
crippled the archdiocese enough - or they were upset at Mr.
McMurry's 40 percent contingency fee, which is not an uncommon
fee, however, for such difficult-to-win cases.  The judge signed
an order approving both the settlement and the fee for Mr.
McMurry.

If the settlement fee is divided up equally - and that is still
to be determined - each victim will receive about $60,000, after
Mr. McMurry's fees, which total more than $10 million.  Mr.
McMurry delivered the settlement in 14 months and put together a
resolution of the matter that is being felt far beyond this
midsized Southern town of Louisville, Kentucky, in which reside
200,000 Catholics on the banks of the Ohio River.

Jeffrey Anderson, a Minneapolis-based lawyer who since the 1980s
has litigated more than 500 sex abuse cases against the Catholic
Church in many states, said he had never before seen one lawyer
take on so many cases in so short a period.

"It's had a powerful impact, not just on the (Louisville)
archdiocese, but on bishops across the country.  The ripple
effect is enormous," he said.

The first case against the Archdiocese of Louisville walked into
Mr. McMurry's office on April 16, 2002, in the person of Michael
Turner, a construction company owner.  Mr. Turner had read a
story two days earlier in The Louisville Courier-Journal about a
priest forced to retire because of sex abuse allegations filed
by a niece.  He was the same priest who had molested Mr. Turner
when he was in the eighth grade.

Mr. McMurry told Mr. Turner he was not sure there was a case
because of the statute of limitations, but he would look into
it.  He gave Mr. Turner his cell phone number and said call him
any time.  Mr. Turner filed his suit three days later under his
own name.  Louisville is the only archdiocese in which every
plaintiff sued by name rather than John or Jane Doe.

Mr. McMurry said, "It was important for everybody's name to be
out there, to have their credibility and reputation in front of
the community of victims."

The people started coming; within two months, 100 more lawsuits
were filed. Mr. McMurry held a news conference after each batch
of suits, which inspired more victims to come forward.  Every
client had his cellphone number.  Mr. McMurry was the first
person to whom many had ever told their story; he was as much
therapist to his clients as he was lawyer.

However, Mr. McMurry worried that the cases, which dated from
the '50s to the '90s, would be dismissed because the statute of
limitations had expired, as had happened to similar lawsuits in
Boston and New York.  The archdiocese nevertheless foresaw years
of litigation, according to Brian Reynolds, chancellor and chief
administrative officer of the archdiocese.

Mr. McMurry, therefore, joined the 243 plaintiffs as a class to
make his move for settlement, and the two sides agreed to
mediation.  Mr. McMurry's opening bid was $150 million.  The
church, without litigation insurance, offered $5 million.  And
the final settlement inched forward to $25.7 million, reached on
June 10 of this year.  The amount is more than half of the
archdiocese's unrestricted funds.  The archdiocese also agreed
from then on to refer to the plaintiffs as "victims," rather
than "alleged victims."

In anticipation of the settlement, the archdiocese in April
reduced its $9 million annual budget by $2 million and laid off
34 employees.  Additional cuts of about $1 million are expected,
said Mr. Reynolds.  It is still unclear how deeply those cuts
will affect the archdiocese's far-flung charitable and social
service programs, which range from food banks to English classes
for immigrants.  Mr. Reynolds said he expected the affects to be
"substantial."

"The church has to earn people's trust back," said Mr. Reynolds.
However, he added, "I am convinced change is under way and we
will not go backwards."

Many victims are not convinced.  There is a petition for the
removal of Archbishop Thomas Kelly, in office since 1982, who
victims believe had knowledge of some abuses and did not take
sufficient action.  The victims also do not trust the
archdiocese to monitor its own recently instituted safeguards,
including the programs to educate staff and students about
inappropriate behavior.


DNA TESTING: Evidence In Serial Killer Case Not Hindered by Suit
----------------------------------------------------------------
A class action against Louisiana's DNA collection law will not
affect use of genetic evidence against Louisiana's serial
killing suspect, the Associated Press Newswires reports.  The
class action has been filed in federal court and challenges the
state's law providing for collecting DNA samples from people
accused of violent or sexual crimes.

The lawsuit claims the law is too vague and broad, giving police
an open call to get DNA samples without a conviction.  The
lawsuit seeks to be a class action for all men swabbed against
their will and asks the court to order the return of all DNA
samples taken during the swabbing.

Attorney General Richard Ieyoub is named as a defendant in the
class action brought by Floyd Wagster Jr., who was picked up for
a DNA sample during the serial killer investigation.  Mr.
Wagster is asking the US District Court in Baton Rouge to
overturn Louisiana's DNA laws; get rid of its DNA database and
pay Mr. Floyd an unspecified amount in damages.

Mr. Wagster's lawsuit claims that sheriff's deputies violated
his civil rights by picking him up for questioning without any
reason.  The lawsuit further claims that Sheriff's Maj. Bud
Connor intimidated and abused him to get a DNA sample, and
threatened to leak his name to reporters unless he agreed.

Sheriff Elmer Litchfield and Louisiana State Police
Superintendent Terry Landry also are named as defendants in the
lawsuit.

Police say DNA evidence taken from Derrick Todd Lee links him to
the slayings of six women.  The attorney general's office and
Zachary police had Mr. Lee's DNA checked out for a missing
person's case.  A judge signed a subpoena forcing Mr. Lee to
submit his DNA sample.

Since Mr. Lee's DNA swabbing was not caused by his arrest on a
violent or sexual crime charge, the fate of the law relating to
collection of DNA in relation to such crimes will not affect Mr.
Lee's case.


EAGLE DISTRIBUTORS: Recalls Chocolates For Undeclared Peanuts
-------------------------------------------------------------
Eagle Distributors Inc. is recalling "Viola Filled Chocolates"
because they may contain undeclared peanuts.  People who have
allergies to peanuts run the risk of serious or life-threatening
allergic reactions if they consume this product.

The recalled "Viola Filled Chocolates," packaged in 8 oz. clear
plastic bags with UPC Code 7485432033, were sold nationwide.
They are a product of Poland.  The recall was initiated after it
was discovered through routine sampling by New York State
Department of Agriculture and Markets food inspectors that the
peanut-containing product was distributed in packaging that did
not reveal the presence of peanuts.  No illnesses have been
reported to date in connection with this problem.

For more details, contact the Company by Phone: 1-773-775-5777.


EASTWELL TRADING: Recalls Fruit Candy for Undeclared Sulfites
-------------------------------------------------------------
Eastwell Trading Corporation is recalling Dried Fruit Candy-
Sweet Potato because it may contain undeclared sulfites.  People
with severe sensitivity to sulfites run the risk of serious or
life-threatening allergic reaction if they consume this product.

The recalled Dried Fruit Candy-Sweet Potato is packaged in 6-
ounce clear plastic bags with UPC #6911749383313. The product
was sold nationwide.  The recall was initiated after routine
sampling by New York State Department of Agriculture and Markets
Food Inspectors revealed that the product containing sulfites
was distributed in packages that did not declare the presence of
sulfites.  The consumption of 10 milligrams of sulfites per
serving has been reported to elicit severe reactions in some
asthmatics.  Anaphylactic shock could occur in certain sulfite
sensitive individuals upon ingesting 10 milligrams or more of
sulfites.  Analysis of the Dried Fruit Candy-Sweet Potato
revealed that it contains 18.75 milligrams per serving.  No
illnesses have been reported to date in connection with this
problem.

For more details, contact the Company by Phone: 718-714-5689.


FLOWERS FOODS: Recalls Bread Products For Containing Metal Mesh
---------------------------------------------------------------
Flowers Foods is voluntarily recalling the products listed below
with the following Best By Date Codes: Aug 2nd 155 0227; Aug 3rd
155 0237; Aug 5th 155 0257; Aug 6th 155 0267; and Aug 8th 155
0267 (raisin and banana bread only):

     (1) Broad Street Bakery Garlic Breadsticks,

     (2) Broad Street Bakery 16oz Jew Rye Bread,

     (3) Broad Street Bakery 16oz Pumpernickel Bread,

     (4) Broad Street Bakery 16oz Sourdough Bread,

     (5) Cobblestone Mill Garlic Breadsticks,

     (6) Cobblestone Mill 16oz Cinnamon Raisin Bread,

     (7) Cobblestone Mill Banana Bread,

     (8) Cobblestone Mill Jew Rye 16oz Bread,

     (9) Cobblestone Mill 16oz Pumpernickel Bread,

    (10) Cobblestone Mill 16 oz Sourdough Bread,

    (11) Cobblestone Mill 24oz 9 Grain Bread,

    (12) Cobblestone Mill 24oz Wheatberry Bread,

    (13) Country Farm Raisin Bread,

    (14) Flowers 32oz Pumpernickel Bread,

    (15) Flowers 32oz Sourdough Bread,

    (16) Flowers 42oz Club White Bread,

    (17) Flowers 42oz Club Wheat Bread,

    (18) Flowers 6" Hot Dog Buns,

    (19) Winn Dixie Raisin Bread

These products, in packages with the codes noted, may contain
small pieces of metal mesh screen.  The affected product is
limited to the following states -- Alabama, Arkansas, Florida,
Georgia, Louisiana, Mississippi, Tennessee, North Carolina,
Virginia, and West Virginia -- as well as to the following
areas: parts of Kentucky, Texas, New Mexico, South Carolina;
eastern Oklahoma, extreme southeastern Kansas, southern
Missouri, and southern Ohio.

Upon discovering the situation with the product, Flowers
immediately removed the product with the codes noted above from
the market.  The company's findings and corrective actions have
been reported to the Food and Drug Administration (FDA).
Grocers have been advised by Flowers Foods, Inc. to withdraw
product for sale and hold it for pickup by the company.

For more details, contact the Company by Phone: 1-800-660-3590.
Caller must enter code 1925# and then extension 294# when
prompted.


HIROSHIMA VICTIMS: Survivors Ask Government To Speed Process
------------------------------------------------------------
Survivors of the 1945 US atomic bombings of Hiroshima and
Nagasaki are urging the Japanese government to speed up the
official recognition process for the victims, the Yomiuri
Shimbun reports.

So far, the government has recognized 318 people as radiation
illness victims in Hiroshima and 128 people as victims in
Nagasaki.  It was learned that forty of these victims died of
their illness, while awaiting certification.  At least nine
people waited for more than a year after applying for
recognition, others have waited three years or more.

An official of the Heath, Labor and Welfare Ministry's Health
Service Bureau told the Shimbun the screening panel could only
convene once a month at the most because of the schedules of the
17 panel members.

A group of survivors, whose applications were denied, launched a
class action at eight district courts against the government, to
try to have the status denial overturned.  The government has
yet to answer their complaints.  Of 92 people who were denied
certification, 66 of them answered that they wanted to
participate in the class action suits, while only 20 people said
they did not, a survey by the Shimbun states.


HOTEL ALCUDIA: Possible Lawsuit After Cryptosporidium Outbreak
--------------------------------------------------------------
The Mytravel Group faces a possible class action after dozens of
vacationers got infected by cryptosporidium, a water-borne
parasite, after using an infected swimming pool at the Hotel
Alcudia Pins, which is used exclusively by Airtours, part of the
MyTravel group, travel.telegraph reports.

People complained of sickness, diarrhea and stomach cramps.  A
Mytravel spokeswoman said that there have been 15 positive
cases, but the figure was likely to rise.  Among the victims
were Clare Flaszynski, her husband Mark, and sons Joshua, seven,
and Daniel, five, from Wakefield in West Yorkshire.  They were
on a two-week Airtours self-catering package at the hotel from
July 2.  "There was newspaper in the pool, which stayed there
for three days, along with plasters and bits of gravel," Mrs.
Flaszynksi told travel.telegraph.

MyTravel has closed the pool until August 7 so that tests can be
carried out and it can be disinfected.  The Company also agreed
to compensate holidaymakers 40 each for loss of pool
facilities.  Any payments to sick holidaymakers would be dealt
with individually, the MyTravel spokeswoman said.

"Our understanding is that hygiene standards at the pool were up
to scratch," she said.  "We put the health and safety of our
customers first and, once alerted to the possibility of
cryptosporidium, we took immediate action."

Two years ago, the Alcudia Pins also experienced a
cryptosporidium outbreak, which caused JMC, the tour operator to
make undisclosed compensation payments to those affected and an
interim compensation payment of 1.2 million to 680 tourists who
contracted salmonella at the hotel.

Brenda Wall of Holiday Travelwatch, which campaigns on behalf of
holidaymakers, told travel.telegraph, "We've had hundreds of
calls about this and the number of people who have gone down
with the illness is going up all the time."

Two firms of solicitors - Alexander Harris in Manchester and
Irwin Mitchell in Birmingham - are planning to file a class
action on behalf of various holidaymakers.  220 disgruntled
people have signed up--some never ill--but who claim their
holiday was ruined because they were unable to use the pool.


MCI/WORLDCOM: GSA Suspends New Business Over Access Fee Charges
---------------------------------------------------------------
The United States General Services Administration suspended
federal business with telecommunications firm MCI, after rival
telecommunications companies charged that MCI defrauded them of
hundreds of millions of dollars in access fees, the Associated
Press reports.

MCI is formerly known as WorldCom, which was driven into
bankruptcy by an $11 billion accounting scandal in 2002, where
it was accused of falsifying balance sheets to hide expenses and
inflate earnings.  Worldcom is set to emerge from Chapter 11
bankruptcy protection, and has taken the name of MCI in an
effort to clean up its image.

Recently, rival carriers such as AT&T charged that the Company
disguised long-distance calls as local calls and diverted some
calls to Canada to avoid paying special-access fees.  The
Justice Department has started its probe of the Company, which
has said its competitors were only trying to throw up roadblocks
to its emergence from bankruptcy.

MCI's government contracts are estimated to be worth more than
$1 billion each year.  Several critics have accused the
government with being too lenient with the Company by continuing
to award it work, including hiring MCI to build a wireless phone
network in Iraq.

However, a GSA official started considering last month whether
the Company met standards required of all government
contractors.  "This official determined that MCI WorldCom lacks
the necessary internal controls and business ethics," the GSA
told AP.

"It is important that all companies and individuals doing
business with the federal government be ethical and
responsible," GSA Administrator Stephen Perry told AP.  He said
the agency acted to "protect the interests of the government and
taxpayers."

A GSA suspension usually lasts for less than a year, in which
time, it will decide whether to impose a more serious penalty
called debarment, which could exclude the company from
government business for a period typically not longer than three
years, the Associated Press reports.  However, the suspension
doesn't affect existing government contracts.

MCI said it would not oppose the GSA decision.  "We are in the
process of rebuilding our ethics program and understand that
there is still more work to do," MCI Chairman Michael Capellas
told AP.  He said the company will work to regain approval for
new government business by addressing the GSA's concerns.

Meanwhile, the Company is also facing mounting pressure in
Congress.  Last week, Rep. Billy Tauzin, R-La., chairman of the
House Energy and Commerce Committee, asked the Federal
Communications Commission to explain how it is investigating MCI
competitors' allegations.  He wants the agency to turn over
documents related to that probe within two weeks.

"A gross violation of regulations governing the origination and
termination of long-distance calls undermines the basic
telecommunications system of the United States," Rep. Tauzin
wrote in a letter to FCC Chairman Michael Powell.  "If true,
these allegations represent an unprecedented violation of FCC
rules."


MCI/WORLDCOM: BoycottMCI Head Hails Suspension of GSA Contracts
---------------------------------------------------------------
Mitch Marcus, founder of the group BoycottMCI.com lauded the
General Services Administration's decision to bar all future
contracts with beleaguered telecommunications firm MCI/Worldcom,
saying it is a step in the right direction.

In a statement, Mr. Marcus said, "The latest round of
disclosures about the deep-running culture of corruption at
MCI/WorldCom made it impossible for even the General Services
Administration (GSA) to continue ignoring the obvious: A company
of MCI/WorldCom's low repute should not be subsidized with
federal tax dollars."

He added that it was his hope that the decision will be made
permanent - as with Enron and Arthur Andersen - so that the
federal government sends a clear message that crime does not
pay.  He, however, said the deal might be a "pre-negotiated one
. under which MCI can wiggle out of it in as little as a month.
MCI/WorldCom is what it is and the GSA must hold steadfast on
the suspension and debarment.  It is imperative that the US
House and Senate keep up the heat on the GSA to assure that
today's action, which was long overdue, becomes permanent.

Mr. Marcus again reiterated his calls for a boycott of the
Company, saying, "At the same time, BoycottMCI.com urges
individual consumers and corporate Americans to recognize that
the GSA action is a clear signal that they, too, should dump
MCI/WorldCom.  This is a company that has systematically and
ruthlessly victimized consumers, investors, its competitors,
and, most recently, federal taxpayers.  The handwriting is on
the wall: If you are using MCI/WorldCom, the time has come to
cut the cord and to start using the services of a
telecommunications company that is not synonymous with the worst
corporate abuses of the 1990s."

For more details, contact Mitch Marcus by Phone: 443-604-2785 or
by E-mail: mitch@boycottworldcom.com


NEVIS CAPITAL: SEC Institutes Civil Action For Securities Fraud
---------------------------------------------------------------
The United States Securities and Exchange Commission instituted
public administrative and cease-and-desist proceedings against
Nevis Capital Management, LLC), a registered investment adviser,
its President, David R. Wilmerding, III and its Executive Vice-
President, Jon C. Baker, all of the Baltimore, Maryland area,
for alleged violations of the antifraud and reporting provisions
of the federal securities laws relating to their initial public
offering (IPO) allocation practices and disclosures.

This matter, which arose from a routine regulatory examination,
involves fraudulent and deceptive conduct by Nevis Capital, Mr.
Wilmerding and Mr. Baker that served to benefit themselves, to
the detriment of investors.

In the SEC's order, the Division of Enforcement alleges that
between December 1998 and December 1999, Nevis Capital, Mr.
Wilmerding and Mr. Baker inequitably allocated IPO shares to
only two of their approximately 105 clients, the Snowdon Limited
Partnership and the Nevis Fund.

Nevis Capital and Mr. Wilmerding further falsely stated in their
January 28, 1999, Form ADV amendment that all clients would be
treated equally, on a pro rata basis, when, in fact, they had an
undisclosed policy to allocate IPOs only to Snowdon and the
Nevis Fund.

The Division alleges that the IPO shares had a significant
impact on the performance of Snowdon and the Nevis Fund, which
also benefited Nevis Capital, Mr. Wilmerding and Mr. Baker, at
the expense of their other clients.  In total, Nevis Capital
received approximately $2,600,000 in fees as result of its
allocation of IPOs to Snowdon and the Nevis Fund.

The Division further alleges that the Nevis Fund's exceptional
cumulative returns of 90.1%, 154.6% and 286.5 % as of May 31,
1999, Sept. 30, 1999, and Dec. 31, 1999, would have been -5%,  -
3.6% and 41% without first-day IPO gains.  The Division alleges
that between December 1998 and July 2000, Nevis Capital, MMr. Wilmerding and Mr. Baker misrepresented the reasons for the
Nevis Fund's performance in its prospectus, annual and semi-
annual reports and advertisements, claiming that the Fund's
returns were attributable to their long-term investment strategy
and failing to disclose that the Nevis Fund's returns were
primarily attributable to IPO investments.

Based upon the foregoing conduct, the Division alleges that
Nevis Capital, Mr. Wilmerding and Mr. Baker willfully violated
Section 17(a) of the Securities Act of 1933, Section 10(b) of
the Securities Exchange Act of 1934 and Rule 10b-5 thereunder,
and Section 34(b) of the Investment Company Act of 1940; Nevis
Capital willfully violated and Mr. Wilmerding and Mr. Baker
willfully aided and abetted and caused Nevis Capital's
violations of Sections 206(1), 206(2) and 206(4) of the
Investment Advisers Act of 1940 (Advisers Act) and Rule 206(4)-
1(a)(5) thereunder; and Nevis Capital and Mr. Wilmerding
willfully violated Section 207 of the Advisers Act.

A hearing will be scheduled before an administrative law judge
to determine whether the allegations contained in the Order are
true, to provide Nevis Capital, Mr. Wilmerding and Mr. Baker an
opportunity to respond to the allegations against them, and to
determine whether any remedial action should be ordered, and
disgorgement and/or penalties imposed, by the SEC.


RED-LIGHT CAMERAS: Drivers Sue To Oppose Red Light Camera System
----------------------------------------------------------------
Hundreds of San Francisco drivers have filed a criminal case and
a handful of civil cases around the state, to oppose the city's
red light camera system used to catch drivers who run red
lights, law.com reports.

The city views the cameras as handy tools in nabbing red-light
runners.  In 2002, the city issued about 17,400 citations for
running red lights, about 9,300 of them thanks to red-light
camera photos, city officials told law.com.  San Francisco
assesses a $341 fine for each ticket, and violators get a moving
violation point on their driver's license.

Attorneys for the drivers asked San Francisco Commissioner Paul
Slavit to dismiss the citations against their clients, arguing
that photos taken by the unmanned cameras were inadmissible as
evidence, based on three primary grounds:

     (1) the photos are hearsay because they can't be properly
         authenticated;

     (2) the red-light camera system - which includes a camera,
         sensors and computer - doesn't meet the Kelly-Frye
         standard, California's test for determining the
         admissibility of scientific evidence; and

     (3) the city's red-light camera system isn't operated by a
         government entity, as required under the state Vehicle
         Code, but by a privately contracted company.

Commissioner Slavit says his decision will partly determine how
lawsuits against the system are handled.  He added that the
outcome of five pending civil suits across the state, including
one in San Francisco, could have an even broader impact.  "The
civil cases are the ones that would have the most far-reaching
effect," Mr. Slavit said.

In San Diego, lawyers were able to persuade a superior court
judge to throw out nearly 300 red-light camera tickets in 2001
by using the third reason why photos can't be used as evidence,
said Arthur Tait, a partner with San Diego-based Tait, Creamer &
Wong who worked on that case.

City attorneys however, said that the city is complying with the
Vehicle Code.  Even if the city weren't in full compliance, the
brief says, that should only affect the weight given to the
photos, not render them inadmissible.  They also reiterated that
the photos can be properly authenticated and that the technology
behind the red-light cameras is reliable and accepted in the
scientific community.

"It is unreasonable for a defendant, assuming the registered
owner is the driver captured on film, to suggest that the camera
is taking a photograph of someone else or someone else's car,"
the brief says, law.com reports.

Diana Hammons, spokeswoman for San Francisco's Department of
Parking and Traffic, told law.com most cities' red-light
programs include such fees.  "It encourages the companies to
maintain the systems and keep them operational," she said.

The city attorney's office is also defending red-light cameras
in a civil suit brought by a woman who pleaded guilty to running
a red light, then later sued the city, state and private
companies involved in the cameras' operations.  The case, Buys
v. City and County of San Francisco, 400669, was coordinated
earlier this month with four other civil cases in Los Angeles
and San Diego counties.  Two are class actions with more than
275,000 potential members, plaintiffs' attorneys in those cases
said.


SCHWARTZ APPETIZING: Recalls Herring For Listeria Contamination
---------------------------------------------------------------
Schwartz Appetizing, Inc. is recalling 7 oz. containers of
SCHMALTZ HERRING, CODE 08/06, because it has the potential to be
contaminated with Listeria monocytogenes, an organism that 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.

The 7 oz. containers of SCHMALTZ HERRING were sold to retail
customers in Monroe and Brooklyn, New York, and through the
firm's own retail store.  The product was sold in plastic
containers with a stick-on label bearing code date "08/06" (on
the bottom of the container) and UPC number 7 87434 22222 1.

No illnesses have been reported to date.  The recall was the
result of routine sampling by the US Food and Drug
Administration (FDA) which revealed that the finished product
contained the bacteria.  The company has ceased the production
and distribution of the product as the FDA and the company
continue their investigation as to what caused the problem.

For more details, contact the Company by Phone: 1-718-851-1011.


TOBACCO LITIGATION: Jury Rules in Philip Morris' Favor
------------------------------------------------------
A Los Angeles jury ruled that Philip Morris USA did not mislead
a former smoker about the dangers of smoking, Reuters reports.

Smoker Fredric Reller filed the suit after he discovered he had
inoperable lung cancer.  The suit also named as defendant Brown
& Williamson Tobacco Corporation, the company that makes Pall
Mall cigarettes.  Brown & Williamson was later dismissed from
the case several weeks before it began on June 11.  The trial
began last month, with Philip Morris arguing that Reller, 64,
was already addicted to nicotine by the time he started smoking
the company's cigarettes.

The jury ruled that while smoking was a "substantial factor" in
causing Mr. Reller's illness, the company had not misled him
about how smoking affected his health.  The jury deadlocked on
one fraud count against the tobacco company after six days of
deliberation.

The case was closely watched because Mr. Reller's attorney,
Michael Piuze, has won two record-setting verdicts against
Philip Morris. In his two previous tobacco trials in Los
Angeles, Mr. Piuze set records for punitive damages for
individual smokers, Reuters reports.  In 2001, a jury awarded $3
billion to Richard Boeken and last year, another panel awarded a
staggering $28 billion to Betty Bullock.  Both were reduced by
judges who found them excessive in light of the much smaller
compensatory damages awarded to the plaintiffs.  Both verdicts
are being appealed.

Mr. Piuze said he would seek a retrial on the one fraud count on
which the jury had been unable to reach a conclusion and with
which he could mount another try for damages.  "I'm kind of
perplexed about the jury's finding that Philip Morris never made
a false statement about smoking," he told Reuters after the
verdicts.  "You have to ask the jury what that's about."

"The jury heard clear and compelling evidence that Mr. Reller
was well aware of the risks of smoking and was responsible for
the smoking decisions he made," William Ohlemeyer, Philip
Morris' associate general counsel told Reuters.  "The jury's
decision makes common sense and legal sense."


XEROX CORPORATION: IL Court Upholds $300M Pension Lawsuit Award
---------------------------------------------------------------
The Seventh Circuit Court of Appeals in Illinois upheld a lower
court's ruling, ordering Xerox Corporation to pay its former
employees about $300 million in damages for underpaid retirement
benefits, Reuters reports.

The suit was originally filed in 200 against the Company's
pension plan, The Retirement Income Guarantee Plan, on behalf of
as many as 25,000 employees, challenging the methodology used to
establish interest rates.

In 2001, a lower court found that some lump sum distributions
were improperly calculated, and ordered the pension plan to pay
some $300 million on a pretax basis to the retirees.  The
Company appealed the ruling.  The appeals court said it modified
the original ruling related to the rate by which some of the
pension assets were calculated.

"As the court of appeals has made its ruling, Xerox is
disappointed in the ruling and intends to seek a rehearing,"
Xerox spokesman Bill McKee told Reuters.  The company can now
ask the court's three-judge panel to rehear the case, or request
that the entire Seventh Circuit Court listen to the arguments
again.  Mr. McKee said he did not know when any rehearing would
take place, should it occur.

The ruling comes after an Illinois district court on Thursday
ruled that International Business Machines Corp.'s IBM.N defined
contribution pension plan was unfair to older employees.  IBM
said it would appeal the ruling.


                    New Securities Fraud Cases

ADMINISTAFF INC.: Federman & Sherwood Lodges TX Securities Suit
---------------------------------------------------------------
Federman & Sherwood initiated a securities class action lawsuit
against Administaff, Inc. (NYSE: ASF) in the United States
District Court for the Southern District of Texas, alleging
violations of federal securities laws.

The suit charges the Company and certain of its current and
former officers and directors with improperly recognizing
revenue in the financial statements included in certain public
reports of the Company.

For more details, contact William B. Federman by Mail: 120 N.
Robinson, Suite 2720, Oklahoma City, OK 73102 by Phone:
(405) 235-1560 by Fax: (405) 239-2112 or by E-mail:
wfederman@aol.com


CATALINA MARKETING: Milberg Weiss Lodges Securities Suit in FL
--------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP initiated a securities
class action on behalf of purchasers of the securities of
Catalina Marketing Corporation (NASD:POS) between January 17,
2002 and June 30, 2003, inclusive, seeking to pursue remedies
under the Securities Exchange Act of 1934.  The action, numbered
03-CV-1582 is pending in the United States District Court for
the Middle District of Florida, Tampa Division, against the
Company and:

     (1) Daniel D. Granger,

     (2) Michael G. Bechtol,

     (3) David M. Diamond, and

     (4) Christopher W. Wolf

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 numerous positive statements
concerning the Company's ability to grow its revenues and
earnings at a rapid pace and the strong demand that existed for
the Company's products, especially at its Health Resource
division.

Throughout the Class Period, defendants issued highly positive
statements regarding in an effort to create the impression that
Catalina' revenues were growing and the Company was well
positioned to generate strong profitability.  In response,
Catalina stock traded at over $36 per share during April 2002.
In particular, defendants repeatedly emphasized the success of
the Company's Health Resource division, which defendants touted
as a strong revenue contributor.

On April 13, 2003, defendants partially disclosed material
problems at Health Resource, including the fact that Catalina
would miss revenue and earnings targets because of
"disappointing" results for the Health Resource division. Prior
to revealing this information, defendants sold over $10,000,000
worth of their Catalina holdings.

The magnitude of the problems within Health Resource again came
partially to light on June 30, 2003. After the close of trading,
defendants revealed that the Company would not be able to timely
file its Annual Report on Form 10-K, because of certain "revenue
recognition issues" at Health Resource. As a result of
defendants improper revenue recognition, the press release
revealed that it will have to restate financial results for
fiscal 2003.

As a result, Catalina stock dropped to slightly over $16 per
share on unusually large trading volumes - - a far cry from the
stock's Class Period high of over $39. On July 15, 2003,
defendants revealed that the accounting issues were not limited
to solely Health Resource. In a July 15, 2003 press release,
defendants announced that "(t)he company is now also reviewing
certain other revenue recognition timing matters in its core
domestic business as well as with Catalina Health Resources."

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: catalina@milbergNY.com


CREE INC.: Abbey Gardy Launches Securities Fraud Suit in M.D. NC
----------------------------------------------------------------
Abbey Gardy, LLP initiated a securities class action on behalf
of all persons who purchased securities of Cree Inc.
(NasdaqNM:CREE) between January 14, 2000 and June 13, 2003
inclusive in the United States District Court for the Middle
District of North Carolina.

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 during the Class Period thereby
artificially inflating the price of Cree securities.

For more details, contact Nancy Kaboolian by Phone:
(212) 889-3700 or 800-889-3701 or by E-mail:
nkaboolian@abbeygardy.com


INTERMUNE INC.: Wechsler Harwood Lodges Securities Lawsuit in CA
----------------------------------------------------------------
Wechsler Harwood LLP initiated a securities class action on
behalf of persons or entities who purchased or otherwise
acquired the securities of InterMune, Inc. (NasdaqNM:ITMN)
between October 24, 2002 and June 11, 2003, inclusive, in the
United States District Court for the Northern District of
California against the Company and certain of its officers.

The Complaint alleges that defendants made false and misleading
statements concerning Actimmune, a leading product of the
Company.  In particular, the complaint alleges that defendants
were aware that:

     (1) the number of patients anticipated by InterMune treated
         with Actimmune, related throughout the Class Period as
         a precise and valid means by which to record the level
         of strength of the demand for Actimmune, was
        ``inherently'' unreliable, inconsistent, and lacking in
         any accountable basis for presentation;

     (2) the Company's sales and marketing efforts had
         experienced disruptions and problems, including a great
         amount of turnover and lack of suitable training;

     (3) beginning with at least the fourth quarter of fiscal
         2002, the Company was materially understating the
         inventory level its distributors held, of which
         millions of dollars worth was held in excess, and
         materially overstating its revenues;

     (4) InterMune's internal controls and systems were
         inadequate and insufficient; and

     (5) based on the foregoing, InterMune lacked reasonable
         basis to issue its financial and operational
         projections.

On June 11, 2003, the Company announced that it was lowering its
2003 revenue guidance figures and decreasing 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 doctors was
flat.  Following these disclosures the InterMune's stock price
dropped to $16.74, a 33% one-day decline.

For more details, contact Craig Lowther by Mail: 488 Madison
Avenue, 8th Floor, New York, New York 10022 by Phone:
(877) 935-7400 by E-mail: clowther@whesq.com or visit the
Website: http://www.barrack.com/


QUEST SOFTWARE: Schiffrin & Barroway Launches CA Securities Suit
----------------------------------------------------------------
Schiffrin & Barroway, LLP initiated a securities class action in
the United States District Court for the Central District of
California, Southern Division, on behalf of all securities
purchasers of Quest Software, Inc. (NasdaqNM:QSFT) from April
30, 2002 through July 23, 2003, inclusive.

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 numerous positive statements
throughout the class period regarding the Company's financial
performance.

As alleged in the complaint, these statements were each
materially false and misleading when made as they failed to
disclose and misrepresented the following material adverse facts
which were then known to defendants or recklessly disregarded by
them:

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

     (2) that the Company deferred revenue and fixed asset
         balances of foreign subsidiaries in violation of
         Generally Accepted Accounting Principles;

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

     (4) that as a result, the value of the Company's net income
         and financial results were materially overstated at all
         relevant times.

On July 23, 2003, after the close of the markets, the Company
announced that it has discovered a computational error in its
internal consolidation system that had caused deferred revenue
and fixed asset balances of foreign subsidiaries to be
inaccurately reported.  News of this shocked the market.  On
July 24, 2003, shares of Quest Software fell 18.07 percent to
close at $8.84 per share.

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


QUEST SOFTWARE: Glancy & Binkow Files Securities Suit in C.D. CA
----------------------------------------------------------------
Glancy & Binkow LLP initiated a securities class action in the
United States District Court for the Central District of
California on behalf of all persons who purchased securities of
Quest Software, Inc. (NasdaqNM:QSFT) between April 30, 2002 and
July 23, 2003, inclusive.

The complaint charges Quest and certain of the Company's
executive officers with violations of federal securities laws.
Among other things, plaintiff claims that defendants'
dissemination of materially false and misleading statements
concerning Quest's revenue and earnings caused the Company's
stock price to become artificially inflated, inflicting damages
on investors.  Quest is an independent software vendor for the
primary database management systems and packaged and custom
applications used by large and medium-sized enterprises.

The complaint alleges that, during the class period, defendants
failed to disclose or misrepresented that:

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

     (2) the Company deferred revenue and fixed asset balances
         of foreign subsidiaries in violation of GAAP;

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

     (4) as a result, the value of the Company's net income and
         financial results were materially overstated at all
         relevant times.

On July 23, 2003, the Company filed a Form 8-K with the SEC
wherein Quest announced that it has discovered a computational
error in its internal consolidation system that has caused
deferred revenue and fixed asset balances of foreign
subsidiaries to be inaccurately reported.

For more details, contact Lionel Z. Glancy by Mail: Glancy &
Binkow LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles,
California 90067, by Phone: (310) 201-9161 or (888) 773-9224 by
E-mail: info@glancylaw.com or visit the firm's Website:
http://www.glancylaw.com


QUEST SOFTWARE: Cauley Geller Lodges Securities Suit in C.D. CA
---------------------------------------------------------------
Cauley Geller Bowman & Rudman, LLP initiated a securities class
action in the United States District Court for the Central
District of California on behalf of purchasers of Quest
Software, Inc. (Nasdaq: QSFT) publicly traded securities during
the period between April 30, 2002 and July 23, 2003, inclusive.

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 numerous positive statements
throughout the class period regarding the Company's financial
performance.

As alleged in the complaint, these statements were each
materially false and misleading when made as they failed to
disclose and misrepresented the following material adverse facts
which were then known to defendants or recklessly disregarded by
them:

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

     (2) that the Company deferred revenue and fixed asset
         balances of foreign subsidiaries in violation of
         Generally Accepted Accounting Principles;

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

     (4) that as a result, the value of the Company's net income
         and financial results were materially overstated at all
         relevant times.

On July 23, 2003, after the close of the markets, the Company
announced that it has discovered a computational error in its
internal consolidation system that had caused deferred revenue
and fixed asset balances of foreign subsidiaries to be
inaccurately reported.  News of this shocked the market.  On
July 24, 2003, shares of Quest Software fell 18.07 percent to
close at $8.84 per share.

For more details, contact Samuel H. Rudman, David A. Rosenfeld,
Jackie Addison or Heather Gann 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


READ-RITE CORPORATION: Glancy & Binkow Lodges CA Securities Suit
----------------------------------------------------------------
Glancy & Binkow LLP initiated a securities class action in the
United States District Court for the Northern District of
California on behalf all persons who purchased securities of
Read-Rite Corporation (Other OTC:RDRTQ.PK) between October 30,
2001 and June 17, 2003, inclusive.

The complaint charges Read-Rite and certain of the Company's
executive officers with violations of federal securities laws.
Plaintiff claims that defendants' dissemination of materially
false and misleading statements concerning Read-Rite's financial
condition caused the Company's stock price to become
artificially inflated, inflicting damages on investors. Read-
Rite designs, manufactures and markets magnetic reading devices
such as hard disk drives.

The complaint alleges that, during the class period, defendants
failed to disclose or misrepresented that:

     (1) Read-Rite's 40 GB/platter inventory was overstated by
         $16.7 million;

     (2) the Company needed to restructure its operations, and
         the associated charges would cost the Company more than
         $20 million, causing earnings shortfalls in future
         quarters;

     (3) The Company's second quarter Fiscal Year 2003 loss was
         grossly understated;

     (4) Read-Rite was experiencing massive technical problems
         associated with the Company's 40GB/per platter
         programs, and was experiencing these problems well
         before January 2002 and beyond April 2002 when
         defendants claimed such problems were fixed; and

     (5) Read-Rite was underfunded, did not maintain sufficient
         staffing and could not complete the production of its
         80-gigabyte product despite representations that it
         could.

On June 17, 2003, Read-Rite formally announced that it had filed
for bankruptcy protection seeking to liquidate its assets under
Chapter 7.

For more details, contact Michael Goldberg by Mail: Glancy &
Binkow LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles,
California 90067, by Phone: (310) 201-9161 or (888) 773-9224 or
by E-mail: info@glancylaw.com.


SINGING MACHINE: Seeger Weiss Lodges Securities Suit in S.D. FL
---------------------------------------------------------------
Seeger Weiss LLP initiated a securities class action in the
United States District Court for the Southern District of
Florida on behalf of all persons who purchased the publicly
traded securities of The Singing Machine Company, Inc.
(AMEX:SMD), from August 9, 2001 to July 14, 2003, inclusive.

The Singing Machine is engaged in the production and
distribution of consumer-oriented karaoke machines.  The
complaint alleges that defendants Edward Steele, John F. Klecha,
April Green, the Company and Salberg & Company (the Company's
auditors), 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 May 20, 2003, thereby artificially
inflating the price of the Company's securities.

The Complaint alleges that the Company emerged from bankruptcy
in 1998, and issued a series of press release announcing
``record'' net income to create the impression that the Company
had profitability emerged from bankruptcy and had successfully
completed its corporate turnaround.  In response to the
Company's announcement, the stock price climbed to $26 per share
in March 2002.

On June 27, 2003, the Company announced that it was restating
its 2002 financial results and may even restate its 2001 results
because its net income for those years was overstated and that
the Company was delaying the filing of its Annual Report on Form
10-K for the fiscal year that ended March 31, 2003.  In
response, the Company's stock fell 33% in price with enormous
trading volume.  As a result of the defendants'
misrepresentations, SMC investors have sustained tremendous
losses.

On July 14, 2003, the Company announced that it was restating
its financial results for fiscal years 2001 and 2002 and stated
that its auditors had expressed ``substantial doubt'' about the
Company's ability to continue as a going concern.  In response,
the Company stock fell 19% percent to close at $3.03 per share
on July 15, 2003.

As now revealed, during the Class Period the defendants issued
false and misleading financial statements and press releases
concerning the Company's financial results.  The Company's
financial statements during the Class Period, all of which were
implicitly or explicitly represented to have been prepared in
conformity with generally accepted accounting principles (GAAP),
were materially false and misleading because the defendants had
caused the Company to materially overstate its net income in its
publicly issued financial statements.  As a result, the
Company's shareholders have sustained tremendous losses.

For more details, contact Stephen A. Weiss, David R. Buchanan,
or Eric T. Chaffin by Phone: 212-584-0700 or 877-539-4125 or by
E-mail: sweiss@seegerweiss.com or dbuchanan@seegerweiss.com or
echaffin@seegerweiss.com


SOLUTIA INC.: Brodsky & Smith Lodges Securities Suit in N.D. CA
---------------------------------------------------------------
Brodsky & Smith, LLC initiated a securities class action on
behalf of shareholders who purchased the common stock and other
securities of Solutia, Inc. (NYSE:SOI), between December 16,
1998 and October 10, 2002 inclusive.  The class action was filed
against the Company and certain of its officers and directors in
the United States District Court for the Northern District of
California.

The complaint alleges that defendants violated federal
securities laws by issuing a series of material
misrepresentations to the market during the class period,
thereby artificially inflating the price of Solutia securities.

Specifically, during the class period, the defendants caused the
Company's stock to trade at artificially inflated levels through
their control over Flexsys, a chemical supplier in which the
Company had a 50% interest, by:

     (1) agreeing to charge prices at certain levels and to fix,
         increase, or maintain prices of rubber chemicals sold
         in the US;

     (2) by selling rubber chemicals at the agreed upon prices;
         and

     (3) by inflating their profits via the above acts

For more details, contact Marc L. Ackerman, or Evan J. Smith by
Mail: Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by
Phone: 877-LEGAL-90 or by E-mail: clients@brodsky-smith.com


STELLENT INC.: Shalov Stone Lodges Securities Suit in MN Court
--------------------------------------------------------------
Shalov Stone & Bonner LLP initiated a securities class action on
behalf of investors who purchased the stock of Stellent Inc.
(NASDAQ: STEL) in the period from October 2, 2001 through April
1, 2002.  The lawsuit was filed against the Company and certain
of its officers and directors in the United States District
Court in Minnesota.

The complaint alleges that the defendants issued fraudulently
misleading financial statements that overstated Stellent's
financial condition during the relevant period.  According to
the complaint, as a result of this fraudulent conduct, investors
have suffered substantial losses.

For more details, contact Ralph M. Stone by Mail: 485 Seventh
Avenue, Suite 1000, New York, New York 10018, by Phone:
(212) 239-4340 or by E-mail: rstone@lawssb.com


STELLENT INC.: Brian Felgoise Lodges Securities Suit in MN Court
----------------------------------------------------------------
The Law Offices of Brian M. Felgoise, PC commenced a securities
class action on behalf of shareholders who acquired Stellent,
Inc. (NasdaqNM:STEL) securities between October 2, 2001 and
April 1, 2002, inclusive, in the United States District Court
for the District of Minnesota.  The suit names as defendants the
company and certain key officers and directors.

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

For more details, contact Brian M. Felgoise by Mail: 261 Old
York Road, Suite 423, Jenkintown, Pennsylvania, 19046, by Phone:
215-896-1900 or by E-mail: FelgoiseLaw@aol.com


STELLENT INC.: Charles Piven Lodges Securities Suit in MN Court
---------------------------------------------------------------
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 Stellent,
Inc. (NasdaqNM:STEL) between October 2, 2001 and April 1, 2002,
inclusive.  The case is pending in the United States District
Court for the District of Minnesota.

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


STELLENT INC.: Cauley Geller Launches Securities Lawsuit in MN
--------------------------------------------------------------
Cauley Geller Bowman & Rudman, LLP initiated a securities class
action in the United States District Court for the District of
Minnesota, on behalf of purchasers of Stellent, Inc. (Nasdaq:
STEL) publicly traded securities during the period between
October 2, 2001 and April 1, 2002, inclusive.

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 materially false
and misleading statements concerning the Company's revenue
growth and its financial performance.  As alleged in the
complaint, these statements were materially false and misleading
because they failed to disclose and/or misrepresented the
following adverse facts, among others:

     (1) that significant amounts of the Company's sales were to
         affiliates that were financed by the Company itself;
         and

     (2) that the Company's customer base was beginning to defer
         purchases and the expected revenue growth which the
         Company touted in press releases would no longer occur.

When these facts were belatedly disclosed to the market, the
price of Stellent common stock declined precipitously.

For more details, contact Samuel H. Rudman, David A. Rosenfeld,
Jackie Addison or Heather Gann 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


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Each Friday's edition of the CAR includes a section featuring
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asbestos defendants that, according to independent researches,
collectively face billions of dollars in asbestos-related
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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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