CAR_Public/031022.mbx            C L A S S   A C T I O N   R E P O R T E R
  
           Wednesday, October 22, 2003, Vol. 5, No. 208

                        Headlines                            

ALSTOM SA: Auditors See Possible Fall over Financial Concerns
APARTHEID LITIGATION: Lawyer Meets Plaintiffs in South Africa
ASHE COUNTY: Recalls Mexican Style Cheese Due To Contamination
ATTORNEYS TITLE: License Suspended As Condition Deemed Hazardous
BERRY PACKING: Recalls Cold Cuts Due To Listeria Contamination

CALIFORNIA: Lodi Resident Continues Suit Over Garbage Collection
CATHOLIC CHURCH: Boston Abuse Victims Sign Settlement Agreement
ENRON CORPORATION: Creditors Oppose Statement on Business Units
FLORIDA: AG Launches Lawsuit Over Student Financial Aid Program
GENERAL MOTORS: Two-Tier Car Loan Pricing Report Hints at Bias

GREAT ATLANTIC: Plaintiffs To Appeal Securities Suit Dismissal
INFLUENZA VACCINE: FDA Debunks Rumors of Recalled Flu Vaccine
LEADENHALL BANK: Faces Flurry of Suits Over Cash 4 Titles Fraud
MICROFINANCIAL INC.: Faces Investor Suit Over Financial Misdeeds
MICROSOFT CORPORATION: Responds To EU Antitrust Charges on Time

NEVADA: Judge Faces Lawsuit Over Alleged Improper Sentencing
OLYMPIC FOOD: Recalls Frozen Corn Dogs For Undeclared Allergens
RJ REYNOLDS: IL Court Stays Trial For "Lights" Cigarette Lawsuit
TACO BELL: Reaches Full Settlement For OR Overtime Wage Lawsuit
TELSTRA CORPORATION: Customers To File Suit Over E-Mail Fiasco

TRIWEST HEALTHCARE: Military Personnel's Privacy Lawsuit Junked
UNITED KINGDOM: 40% of Epilepsy Cases Misdiagnosed, Group States
UNITED STATES: Republicans Push For Passage of Class Action Bill
WASHINGTON: Court Orders Striking Teachers To Go Back to Work
WESTERN UNION: Money Transfer Settlement Receives Approval

WORLDCOM INC.: Appearance of Ex-Employees' in OK Court Delayed

               Meetings, Conferences & Seminars


* Scheduled Events for Class Action Professionals
* Online Teleconferences


                 New Securities Fraud Cases   

ALLIANCE CAPITAL: Stull Stull Lodges Securities Suit in S.D. NY
ALLIANCE CAPITAL: Berger & Montague Lodges Stock Lawsuit in NY
INTERMUNE INC.: Marc Henzel Lodges Securities Lawsuit in N.D. CA
MICROFINANCIAL INC.: Cauley Geller Lodges Securities Suit in MA
PRINTCAFE SOFTWARE: Marc Henzel Files Securities Suit in W.D. PA

SUREBEAM CORPORATION: Marc Henzel Launches Securities Suit in CA
TRIPOS INC.: Marc Henzel Lodges Securities Fraud Suit in E.D. MO
VAN DER MOOLEN: Cauley Geller Lodges Securities Suit in S.D. NY
VAN DER MOOLEN: Schiffrin Barroway Lodges Stock Suit in S.D. NY
VERTEX PHARMACEUTICALS: Schiffrin Barroway Lodges Lawsuit in MA

                        *********


ALSTOM SA: Auditors See Possible Fall over Financial Concerns
-------------------------------------------------------------
Independent auditors Ernst & Young and Deloitte Touche Tohmatsu
expressed doubt that Alstom SA could continue as a going
concern, amidst financial concerns and the filing of several
class actions in United States federal courts, Forbes.com
reports.

The Company, makers of France's famed TGV trains, cruise ships
and gas turbines, is at serious risk of collapse, the auditor's
filing with US authorities states.  The firm also faces a probe
by the French stock exchange watchdog over its financial
disclosure and stock price swings, corruption charges in Italy
and accounting charges in the United States.  The European
Commission is also looking at contracts won by the company with
state-owned companies at the height of its financial crisis,
including an order by state-owned Gaz de France for a tanker, a
deal to build a ferry for state-owned Seafrance and contracts
for certain gas power plants.

The auditors assert that another key risk was the chance that
European competition regulators could veto a crucial 4.7 billion
euro ($5.48 billion) state-backed rescue package agreed last
month that staved off immediate bankruptcy, Reuters reports.  
The package is still subject to European Commission approval.

The Company has denied the charges in securities class actions
of making untrue statements in its disclosures and witholding
important financial information from the market.  "While we
intend to vigorously defend against these actions, any adverse
outcome could have a material adverse effect on our business,
results of operations and financial conditions," Alstom said,
Reuters reports.

The firm said that it was cooperating with U.S. authorities over
an accounting probe, and that it has no knowledge of wrongdoing
by certain employees in Italy, who are being investigated for
possible corruption.  Former Chairman Pierre Bilger has also
been investigated for fraud, Reuters reports.


APARTHEID LITIGATION: Lawyer Meets Plaintiffs in South Africa
-------------------------------------------------------------
In a media briefing in Johannesburg on Monday at the start of a
three-day visit to meet with alleged victims, US attorney
Michael Hausfeld, who lodged the so-called apartheid lawsuit in
New York on behalf of some 82 members of the non-profit
Khulumani Support Group, said that the multinational companies
currently being sued in the United States were not merely doing
business in apartheid South Africa, they were knowingly aiding,
abetting and in effect sustaining the racist regime, Mail &
Guardian Online reports.

"The companies provided oil, arms, technology and ammunition to
the apartheid police who used it to commit abuses on the
population.  That is their crime," Mr. Hausfeld said.

The group is suing Barclays Bank, British Petroleum, Chevron-
Texaco, Citigroup, Commerzbank, Credit Suisse, DaimlerChrysler,
Daimler-Benz, Duetsche Bank, Dresdner Bank, Exxonmobil, Fluor,
Ford Motor, Fujitsu, General Motors, IBM, Morgan Chase,
Rheinmetall, Rio Tinto, Shell, Total and UBS AG.

"We are not going after cup cake sellers here. If you do
business in a repressive country that is not a crime.  But if
you knowingly aid a government in conducting its repression.  
You cannot hide behind the claim 'I was just doing business'
just like Nazi's can not hide behind the 'I was just following
orders' claim," Mr. Hausfeld said.

He said the Khulumani suit sought to focus the principals of
Nuremburg and the body of international human rights law that
has since been developed.  It was being pursued in the US only
because that country had the most developed legal precedent with
respect to prosecuting rights violations that occur outside its
borders.

"The US courts cannot make a determination against any
perpetrator in absentia.  But if a company does business in the
US, it subjects itself to US laws, and one of those laws
pertains to the right of non-citizens to sue other non-
citizens," he said.

Mr. Hausfeld claimed the litigation was not a class action suit
like that being represented by US lawyer Ed Fagan, which asks
for broad social relief and in effect purports to act as a
surrogate for the South African government.

"We agree with the observation that no country can become a
substitute for the South African government.  The (African
National Congress) has so far not been helpful because they have
misunderstood the lawsuit.  Once they have understood the suit
they will see the distinction.  Khulumani focuses on the
victims and not on the profits made by companies.  Its about the
rights of victims to seek restitution.  I believe the South
African government can and should support such claims," Mr.
Hausfeld said.


ASHE COUNTY: Recalls Mexican Style Cheese Due To Contamination
--------------------------------------------------------------
The Ashe County Cheese Company of West Jefferson, North
Carolina, a division of Newburg Corners Cheese, Inc., is
voluntarily recalling 237 cases, (2133 lbs.), of Mexican style
Queso Fresco cheese following a routine FDA sampling of the
product which suggested it may contain the bacteria Listeria
Monocytogenes; an organism that can cause serious and sometimes
fatal infections in young children, frail or elderly people, an
others with impaired immune systems.

Although healthy individuals may suffer only short term symptoms
such as headaches, stiffness, nausea, abdominal pain, and
diarrhea, Listeria infection can cause miscarriages and
stillbirths among pregnant women.  No illnesses have been
reported to date.

This product is packaged under the Margarita brand name in 12-
ounce plastic packages with the expiration date of November 6,
2003 and code number 37-77 stamped on the package.  According to
the distributing agent, the product was distributed to
supermarkets in the Indianapolis and Detroit areas.

The manufacture and distribution of this product by Ashe County
Cheese Company has been suspended pending a Company
investigation to determine the source of contamination.

For more details, contact the recall coordinator of Ashe County
Cheese Company by Phone: 800-445-1378.


ATTORNEYS TITLE: License Suspended As Condition Deemed Hazardous
----------------------------------------------------------------
Attorneys Title Guaranty Fund Inc., the title insurance company
accused in June of participating in a $22 million real estate
scam, has had its insurance license suspended for one year as of
October 14, the Deseret Morning News reports.

In a recently issued order, Administrative Law Judge Mark E.
Kleinfield found sufficient evidence that the insurance company
was in an alleged state of either "insolvency" or "financial
hazardousness" such that "further transactions of business would
be hazardous, financially or otherwise, to its policyholders,
its creditors or the public."  Attorneys Title was therefore
ordered to cease writing, selling or renewing any insurance
business in Utah or for Utah residents.  It is permitted to
service existing policies.

Judge Kleinfeld wrote that he was aghast that, based on evidence
submitted by Attorneys Title, it appeared that "over 13 and one-
half million dollars of defalcations took place on and under
respondent's watch."  Judge Kleinfeld wrote further, "the
department sees the recent and present circumstances of
respondent as one of 'financial hazardousness.' "

Judge Kleinfeld continued, writing, "The department pictures or
envisions a company, if not presently unable to meet its bills,
one which based on an apparent morass of pending litigation has
not adequately reserved for legal defense costs and possible
future damages payments."

Carolyn McHugh, an attorney for Attorneys Title, said the
company "obviously does not agree with the (administrative law
judge's) decision, and will seek a review of it."

Ms. McHugh said Attorneys Title is concerned Judge Kleinfield
made his decision based upon unbalanced information that may
have prejudiced the outcome in favor of the department.  
Attorneys Title has 30 days to petition the state for review.   
She added that the company also has other objections to the
order, which it will raise on appeal.  The firm also will ask
that the license suspension be stayed until the review is
complete.

Attorneys Title, along with various agents and employees, has
been the subject of civil and criminal investigations at the
state and federal levels.  The largest, a $60 million federal
class-action lawsuit, is ongoing.  That case includes more than
75 plaintiffs, many of whom alleged they were "swindled" out of
retirement nest eggs and property.

"The federal case is in a position where attorneys for Attorneys
Title Guaranty and its parent company have filed motions to
dismiss," said Jay Gurmankin, an attorney representing the
plaintiffs.  Mr. Gurmankin said he could not say much about the
case while it is in litigation, except that "we have responded
to those motions, and I feel really good about the case."

In June of this past year, a number of agents employed by
Attorneys Title were sentenced in criminal actions.  For
example, former Attorneys Title agent Clay Harrison was
sentenced to two second-degree felonies and two third degree
felonies.   The judge stayed the prison sentences and ordered
him to serve two weeks in jail and to cooperate with the victims
and their attorneys in their lawsuit against Attorneys Title and
to pay restitution.  Two more agents were convicted of felonies,
and three other individuals allegedly connected with the case
have winter trial dates.

The federal civil lawsuit against Attorneys Title Guaranty Fund
Inc. was filed on June 4, 2003 in the U.S. District Court for
the District of Utah.  Plaintiffs in this action are represented
by Jay Gurmankin and Daniel W. Jackson of Holme Roberts & Owen
LLP and defendant by Carolyn McHugh and Paul Drecksel of Parr
Waddoups Brown Gee & Loveless.


BERRY PACKING: Recalls Cold Cuts Due To Listeria Contamination
--------------------------------------------------------------
Berry Packing voluntarily recalled the following products:

     (1) "BERRY, GARLIC HOT SAUSAGE LINKS" Each vacuum package
         has a net weight of approximately 20 oz. and is stamped
         with the code "4255"

     (2) "BERRY, SUMMER SAUSAGE" Each vacuum package has a net
         weight of approximately 10 - 14 oz. and is stamped with
         the code "4245"

     (3) "BERRY, SUGAR CURED - SMOKED HAM" with a box code of
         "4245" The products were all packaged on September 26,
         2003.  Each package bears the establishment number
         "2325" inside the USDA mark of inspection.

The first two products were distributed to retail establishment,
while the last was distributed to a cold storage facility.  The
products were distributed to establishments in Arkansas,
Mississippi and Louisiana.  FSIS has received no reports of
illnesses associated with consumption of the products.  Anyone
concerned about an illness should contact a physician.  The
problem was discovered through routine FSIS microbiological
testing.

Consumption of food contaminated with Listeria monocytogenes can
cause listeriosis, an uncommon but potentially fatal disease.
Healthy people rarely contract listeriosis.  However,
listeriosis can cause high fever, severe headache, neck
stiffness and nausea.  Listeriosis can also cause miscarriages
and stillbirths, as well as serious and sometimes fatal
infections in those with weak immune systems - infants, the
frail or elderly and persons with chronic disease, HIV infection
or in chemotherapy.

For more details, contact Brad Davis, Manager by Phone:
(870) 364-4856.


CALIFORNIA: Lodi Resident Continues Suit Over Garbage Collection
----------------------------------------------------------------
Lodi, California resident and business owner Jim Baum vowed to
continue a class action filed against Central Valley Waste
Management and the city, over the city's garbage collection
system, the Lodi News-Sentinel reports.

Mr. Baum filed the suit a year ago, after the company's garbage
trucks allegedly dropped garbage residue on the roads near his
mobile home park and in front of his residence.  The suit
alleges that the city's trucks were not being properly
maintained, and oil and hydraulic fluid was being leaked onto
city streets.

In August 2002, Mr. Baum told the News-Sentinel about his
complaints, claiming the public should be concerned not only
with the smell left behind by leaky trucks, but also with grime
being washed into the Mokelumne River.  

Last week, the grime was back.  "I was appalled," Mr. Baum, who
owns two mobile home parks that have both reportedly been
littered with garbage grime, told the News-Sentinel. "They've
been notified, and they still make one heck of a mess."

City Attorney Randy Hays told the News-Sentinel the case is
proceeding between the garbage company and Mr. Baum, although
Mr. Hays said the city is not involved directly and the case
does not ask the city for anything.

Representatives of Central Valley Waste could not be reached for
comment, the News-Sentinel reports.

"They denied they've ever spilled anything," Mr. Baum said of
the garbage company, adding that he is waiting for a court date
to be set.  "In the meantime, it keeps going on and on and on."


CATHOLIC CHURCH: Boston Abuse Victims Sign Settlement Agreement
---------------------------------------------------------------
Mitchell Garabedian, who represents about 120 plaintiffs who
claim they were sexually abused by clergy in the Roman Catholic
Archdiocese of Boston, said Monday that enough had signed an $85
million settlement agreement with the archdiocese for the
settlement to take effect, AP Newswire reports.

"Mediators told me that my submitting of 113 agreements will
bring the total beyond 80 percent," Mr. Garabedian said.  Under
the agreement, at least 80 percent of the 552 victims must agree
to the settlement by Thursday.

Last week, attorney Roderick MacLeish Jr., whose firm represents
about half of the victims, said that the vast majority of his
clients had signed the agreement.  He said he expected only
about 10 would still refuse by the Thursday deadline.

The archdiocese of Boston has been at the center of a national
scandal for nearly two years following the release of church
documents revealing that archdiocese leaders shuffled abusive
priests from parish to parish instead of removing them from the
ministry.

The $85 million settlement agreement was reached in early
September, less than two months after Archbishop Sean O'Malley
took over as leader of the nation's fourth-largest diocese.  

In a similar clergy abuse case, a judge on Friday approved a
plan to divide a $25.7 million settlement among 243 people who
sued the Archdiocese of Louisville, Ky.

Plaintiffs in the abuse lawsuits filed against the Roman
Catholic Archdiocese of Boston are represented by Mitchell
Garabedian and William H. Gordon of The Law Offices of Mitchell
Garabedian, and Roderick MacLeish Jr., Jeffrey Newman and Robert
Sherman of Greenberg Traurig LLP, and Carmen L. Durso, and
defendant by Wilson D. Rogers Jr., Wilson Rogers III and Mark
Rogers of The Rogers Law Firm, and Thomas H. Hannigan, Jr.


ENRON CORPORATION: Creditors Oppose Statement on Business Units
---------------------------------------------------------------
Enron Corporation's creditors filed more than two dozen
objections to a statement the fallen energy giant filed,
describing its business units, the Houston Chronicle reports.

Among those who objected were the states of Oregon, California
and a group of shareholders who filed a class action against the
Company.  The creditors said the 555-page disclosure,
essentially a prospectus, was vague and did not give enough
information about assets and their proposed allocation to
creditors.  Additionally, they said the statement was nothing
more than a "glossy overview of Enron's businesses and does not
include such nuts and bolts information as the methodology the
company and its advisors used to determine the recovery various
groups of creditors should receive."

"The disclosure statement is so vague and incomplete in its
present form as to prevent meaningful review by creditors and
this court," says an objection by Aaron Cahn, a lawyer for a
group of Enron North America creditors, the Chronicle reports.

In order for Enron to emerge from bankruptcy and pay off
creditors, Houston Judge Arthur Gonzalez must approve the
disclosure statement.  Then, the statement will be submitted to
a vote of creditors along with the Company's reorganization
plan.  A majority of creditors in each of more than 350 classes
of creditors, holding two-thirds of the debt in each class, must
vote for the plan.  The hearing to approve the statement was
initially set for next week, but was moved to November 18 at the
Company's request.

The criticisms on the statement show that there is a widespread
opposition to the statement.  The Company has often sought to
delay controversial measures in the course of its bankruptcy,
seeking to work out compromises to get a better shot at getting
judicial approval.

Enron spokeswoman Karen Denne told the Chronicle that although
the objections were filed before the delay was requested, the
two were unrelated.  The decision to delay was made, she said,
because company lawyers and accountants need more time to
analyze all the company's information and ensure it reflects the
interests of all creditor groups.

Enron's proposal consists of paying creditors, on average,
slightly less than 20 cents on the dollar.  70% of the payment
will be made in cash, while 30% will be in select energy
holdings, such as Enron's pipelines.

Bankruptcy experts told the Chronicle the disclosure-statement
hearing offers creditors that oppose the plan a free shot at
derailing its passage.  Therefore, they say, widespread
opposition to the disclosure statement likely foreshadows
similar opposition to the plan of reorganization.


FLORIDA: AG Launches Lawsuit Over Student Financial Aid Program
---------------------------------------------------------------
Florida Attorney General Charlie Crist filed suit against
National Student Financial Aid (also known as Integrated
Capital, Inc.) and Marketing Plus, Inc., along with the various
individuals in charge of these companies, in a move to stop what
is described as a student financial aid counseling scam.

The suit claims that within the past four years, National
Student, with the support and assistance of Marketing Plus,
deceived approximately 40,000 individuals nationwide in
predominately low-income neighborhoods.  During hotel seminars
across the country, National Student employed an array of
deceptive high-pressure sales tactics, pressuring students and
parents into paying approximately $1,000 each.  

National Student obtained these sums by misrepresenting that
consumers would receive personalized counseling and assistance.  
It was further pledged that this assistance would substantially
enhance the student's prospects of receiving college admission
and financial aid.

"It is shameful to dash the dreams of young people who want to
continue their education," said AG Crist in a statement.  "This
is not the way companies should do business in Florida."

In reality, National Student did not render personalized
counseling services to the vast majority of its customers and
was not capable of rendering such service.  The company employed
no trained guidance counselors and frequently refused to even
answer the telephone.  Instead, the company sent consumers
practice Scholastic Aptitude Tests (SAT) and offered the
assistance of an untrained data processor, who edited college
admissions essays, the suit said.

The Attorney General's Complaint was accompanied by a proposed
"consent judgment," signed by the company, its officers and the
Attorney General's Office.  The consent judgment, when entered
by the Court, would require the company to leave Florida, cease
doing business with Florida consumers, pay $150,000 in
restitution and costs of the investigation, and forgive consumer
debts and judgments.

Florida's action is in conjunction with several other states
that have taken limited enforcement action against this Florida-
based company on behalf of a handful of their residents.  The
Federal Trade Commission took further enforcement action,
stopping short of shutting down the company.  Approximately 40
consumers from across the country have provided affidavits to
the Attorney General's Office.

The lawsuit against National Student Financial Aid a/k/a
Integrated Capital Inc. and Marketing Plus, Inc. was filed on
October 20, 2003 in the U.S. District Court for the District of
Florida.  Florida Attorney General Charlie Crist represents the
plaintiffs.


GENERAL MOTORS: Two-Tier Car Loan Pricing Report Hints at Bias
--------------------------------------------------------------
Vanderbilt Business Professor Mark A. Cohen studied more than
1.5 million General Motors Acceptance Corporation loans made
between 1999 and April 2003 for a lawsuit filed against the
financing giant that alleges discrimination against blacks and
Hispanics as evidenced by a two-tier pricing system for auto
loans, The State.com reports.

In his research, Mr. Cohen found that when compared with white
borrowers, blacks consistently were charged higher interest
rates on their loans even when controlling for such factors as
amount financed, term of loan and, most importantly, credit
worthiness.  Fifty-three percent of black GMAC borrowers were
charged a markup, compared to 28 percent of white borrowers, Mr.
Cohen reported.

Greg Merryman, an attorney with GMAC, contends that Mr. Cohen's
methodology is "seriously flawed" and as a result, his
conclusions are wrong.

Last year, Mr. Cohen found Hispanic borrowers in Florida with
loans from Nissan Motor Acceptance Corporation were also charged
higher markups than white car buyers.  Sixty-seven percent of
Hispanics were charged a markup, compared to 47 percent of
whites, according to a report Mr. Cohen submitted as part of a
lawsuit against NMAC.

"There have been 11 class action complaints filed in federal
courts around the country over the last several years seeking to
hold lenders accountable for disparities in these markups", said
Stuart Rossman, director of litigation for the Boston-based
National Consumer Law Center.  "If the allegations prove to be
true, lenders certainly should be taken to task because it is
their policies that have resulted in these seemingly
discriminatory markups. (However) I think auto dealers aren't
getting the litigation or regulatory whipping they deserve."

It is common practice for dealerships to mark up interest rates
on car loans whenever possible, no matter what the prospective
buyer's race or ethnicity or, for that matter, credit history,
but expert research shows that white buyers aren't targeted as
often and, when they are, the markups are not as high as those
for minorities.

The markups work this way: A consumer decides to let the
dealership handle the financing.  Taking into account that
person's credit history and other information, a lender approves
the application for a certain annual percentage rate known as
the "buy rate."  Unbeknownst to the consumer, the dealer may
simply decide to increase the buy rate for no other reason than
to make a profit, a practice that is legal.  So, for example, a
person's buy rate might be 6 percent, but the customer is told
by the dealer he's been approved for a 9 percent loan.

One of the things NMAC promised in reaching its settlement was
to prominently disclose that the interest rate offered is
negotiable.  However, the settlement only requires NMAC to do it
for five years.

Short of a ban or industry-wide cap, Congress should practice
some homeland financial security and pass legislation as part of
the Fair Credit Reporting Act that would force prominent
disclosure on every auto loan contract of the buy rate and the
markup being charged.


GREAT ATLANTIC: Plaintiffs To Appeal Securities Suit Dismissal
--------------------------------------------------------------
Plaintiffs intend to appeal the United States District Court for
the District of New Jersey's dismissal of the consolidated
securities class action filed against The Great Atlantic &
Pacific Tea Co. and certain of its officers and directors,
captioned "In re The Great Atlantic & Pacific Tea Company, Inc.
Securities Litigation, No. 02 CV 2674 (FSH)."

The suit alleged claims under Sections 10(b) (and Rule 10b-5
promulgated thereunder) and 20(a) of the Securities Exchange Act
of 1934 arising out of the Company's July 5, 2002 filing of
restated financial statements for fiscal 1999, fiscal 2000 and
the first three quarters of fiscal 2001.  The complaint sought
unspecified money damages, costs and expenses.

On January 17, 2003, defendants filed a motion seeking to
dismiss the complaint.  On February 28, 2003, plaintiffs filed
their brief in opposition to defendants' motion.  Defendants'
reply brief in support of their dismissal motion was filed on
March 28, 2003.

By Opinion & Order entered on September 18, 2003, the Court
dismissed plaintiffs' Complaint without prejudice.  The Court
ultimately imposed an October 7, 2003 deadline by which
plaintiffs' Second Amended Complaint had to be filed.  On
October 1, 2003, defendants filed a motion requesting that the
Court reconsider the portion of its September 18, 2003 Opinion &
Order which granted plaintiffs' leave to further amend.

By letter dated October 8, 2003, plaintiffs advised the court
that they did not intend to file a Second Amended Complaint and,
in fact, no Second Amended Complaint was filed by that deadline.
On October 13, 2003, plaintiffs filed a Notice of Appeal
advising that they are appealing to the United States Court of
Appeals for the Third Circuit from the District Court's
September 18, 2003 Opinion & Order.


INFLUENZA VACCINE: FDA Debunks Rumors of Recalled Flu Vaccine
-------------------------------------------------------------
The FDA labeled as "false" rumors that it has recalled
"contaminated" lot of flu vaccine.  In a statement, it said, "No
contamination of any flu vaccine has been identified anywhere in
the U.S. and the FDA has not recalled any lot of flu vaccine."

As with any vaccine, flu vaccine is capable of causing some side
effects, these are very rarely severe.  Most side effects from
flu vaccine are mild such as arm soreness, redness or swelling
where the shot was given, fever, or achiness.  More serious
reactions to the flu vaccine do occur, but they are rare, the
FDA said in a statement.

"While FDA and CDC are currently investigating several recent
reports of possible significant allergic reactions to flu
vaccine, it is important to note that the number and type of
reactions reported to date are not unexpected.  The reactions
reported, not all of which may have been caused by the
administration of vaccine, do not, at this time, suggest any
problem with the flu vaccine," The statement continues.

The FDA and CDC will continue to investigate these and any other
reports and will provide any further information as available.  
While serious reactions to flu vaccine are rare, each year about
114,000 people in the US are hospitalized and about 36,000
people die because of the flu.  


LEADENHALL BANK: Faces Flurry of Suits Over Cash 4 Titles Fraud
---------------------------------------------------------------
Leadenhall Bank & Trust, a Bahamian private bank, and its credit
card affiliate, Axxess International Ltd., were sued in federal
court last week by about 2,000 people over claims of car fraud
that fleeced investors out of $158M, AP Newswire reports.

The lawsuit, the latest in a series of prosecutions and
enforcement actions involving Cash 4 Titles, alleges that
Leadenhall and Axxess promoted Cash 4 Titles to investors and
provided an air of legitimacy to a fraudulent operation.  Cash 4
Titles investors accounted for 80 percent of Axxess' business.

Cash 4 Titles operated 36 stores offering short-term, high-
interest loans to borrowers who pledged their auto titles as
collateral.  The company was shut down in 1999 by securities
investigators who said the Atlanta-based company was running a
Ponzi scheme that paid a promised tax-free return of up to 36
percent to old investors with money from new ones.  Owner
Charles Homa and chief fund-raiser Michael Gause were sent to
prison after Mr. Homa turned on his former partner and went to
federal investigators in New York, the lawsuit said.

Leadenhall and Axxess vouched for Cash 4 Titles, and were
"critical in sustaining and attracting necessary additional cash
flow to ensure that the prior investors would continue to
receive some 'return' on the investment," the suit said.  
Millions in Cash 4 Titles money was moving through Leadenhall
and Axxess on a daily basis just before its collapse.

Investors included Jacksonville Jaguars running back Fred Taylor
and former college football coaches Jim Carlen, Brad Scott and
Danny Ford, who were brought in by sports agent William "Tank"
Black.  The lead plaintiff, bridge champion Robert Wolff of Fort
Worth, Texas, said he invested $125,000 as a nine-month loan and
received none of the promised profits.

Individual investments ranged from $5,000 to $22 million, with
the average around $100,000.  Large clusters of investors came
from Atlanta, Florida, Illinois, Maryland and South Carolina.

William Jennings, a director of Leadenhall, said Monday that he
was unaware of the lawsuit and had no comment on it.  A phone
number for Axxess reached a recording saying it was not in
service.

"The investors have not yet been paid 100 percent of their
losses," said Lawrence Kellogg, one of the lawyers for the
plaintiffs suing Leadenhall and Axxess.

The lawsuit filed by Kellogg's clients contends James Owen, a
Leadenhall officer, was part of investor recruitment seminars
and traveled to North Carolina as part of the fraud.  

A separate federal lawsuit against the Bank of Bermuda alleging
its Cayman Islands branch supported the fraud was settled out of
court in 2001 for $50 million with the bank denying any
wrongdoing.  A court-appointed receiver has recovered another
$30 million.


MICROFINANCIAL INC.: Faces Investor Suit Over Financial Misdeeds
----------------------------------------------------------------
Woburn-based small equipment leasing firm MicroFinancial, Inc.
faces a class action suit on behalf of people who purchased
shares between February 5, 1999 and October 30, 2002, the Boston
Business Journal reports.

The lawsuit accuses MicroFinancial, which specializes in
offering financing products in the $500 to $10,000 price range,
and three individuals affiliated with the company: Peter R.
Bleyleben, Richard F. Latour and James R. Jackson Jr., of
overstating revenue and earnings by improperly recording
financing income, fees and revenue from delinquent and defaulted
commercial leasing.

According to a release from the law firm, MicroFinancial and the
other defendants announced on October 11, 2002, that the company
would stop making new lease originations as part of new business
strategy to focus on its technology and loan servicing options.
The company also announced a layoff as part of the new business
plan.


MICROSOFT CORPORATION: Responds To EU Antitrust Charges on Time
---------------------------------------------------------------
Microsoft Corporation filed its response to antitrust charges by
the European Union (EU) that it was illegally trying to extend
its dominance with Windows operating systems into markets for
servers and multimedia players, the Associated Press reports.

Earlier this month, the software giant asked for more time to
file its response before the set deadline of midnight of October
17, 2003.  "We've now received the reply which we will now be
reviewing," said Amelia Torres, antitrust spokeswoman at the
European Commission.  She said the response was received Friday
night, hours ahead of the midnight deadline.

The 4-year-old suit could cost the Company almost $3 billion in
fines, as well as possible orders to disclose more of its prized
software code to rivals and change how it sells Windows
software, AP reports.  There is no deadline for a decision.  
Neither Microsoft nor the EU would comment on its contents.


NEVADA: Judge Faces Lawsuit Over Alleged Improper Sentencing
------------------------------------------------------------
A federal lawsuit alleges that Clark County District Court Judge
Donald Mosley violated defendants' civil rights with improper
sentences, AP Newswire reports.

The class action stems from the case of Jeanette Faye Sadoski,
who accuses the veteran Nevada court judge of wrongfully
increasing her sentence and exposing her to double jeopardy.  
The suit seeks a review of all of Mosley's criminal cases to
determine if he legally resentenced other defendants.

Clark Garen, Ms. Sadoski's attorney, says he believes "a couple
hundred people'' may be affected.  Ms. Sadoski claims that Judge
Mosley changed her sentence for theft from a misdemeanor
to a felony after another charge came to light.  Nevada law lets
a judge reduce sentences, but does not address lengthening them.

The federal class action lawsuit initiated by Jeanette Faye
Sadoski against Clark County District Court Judge Donald Mosley
was filed in January 2003 in the U.S. District Court for the
District of Nevada.  Attorney Clark Garen represents the
plaintiffs.

Past stories: CAR030131


OLYMPIC FOOD: Recalls Frozen Corn Dogs For Undeclared Allergens
---------------------------------------------------------------
Olympic Food Products Inc., a Kokomo, Indiana, establishment, is
voluntarily recalling approximately 33,000 pounds of frozen corn
dogs that contain undeclared allergens (egg, whey) and an
undeclared ingredient (beef), the U.S. Department of
Agriculture's Food Safety and Inspection Service announced.

The products being recalled are:

     (1) "QUICKMEAL PREMIUM CORN DOG, BATTER-WRAPPED CHICKEN &
         PORK FRANK ON A STICK, NET WT 2.75 oz. Included on each
         package is the label code "40238-07", which is located
         on the back of the package in the lower right hand
         corner below the list of ingredients.  These products
         contained undeclared allergens and were produced on
         July 28, August 18, and September 16, 2003.

     (2) "OUICKMEAL PREMIUM JUMBO CORN DOG, BATTER-WRAPPED
         CHICKEN & PORK FRANK ON A STICK, NET WT 4 oz. Included
         on each package is the label code "37175-02", which is
         located on the back of the package in the lower right
         hand corner below the list of ingredients.  These
         products contained an undeclared ingredient and were
         produced on August 18 and 19, 2003.

All of the products subject to recall also bear the
establishment code "EST. P-6882" inside the USDA mark of
inspection.  The products were distributed nationwide to
wholesale and retail establishments.  The Company discovered the  
problem.

FSIS has received no reports of illnesses associated with
consumption of these products.  Anyone concerned about an
illness should contact a physician.

For more details, contact the company's consumer hotline:
1-877-446-7635.


RJ REYNOLDS: IL Court Stays Trial For "Lights" Cigarette Lawsuit
----------------------------------------------------------------
The Third Judicial Circuit Court in Madison County, Illinois
stayed the "lights" class action trial against R.J. Reynolds
Tobacco Holdings Inc. (NYSE: RJR) for 90 days, Reuters reports.  
A week ago, the Illinois Fifth District Court of Appeals denied
the request to stay the class action trial, known as Turner,
which was set to commence on October 28

Judge George Moran issued the stay from October 20, an R.J.
Reynolds spokeswoman told Reuters.

Philip Morris USA lost a similar class action case over the
marketing of some of its "lights" cigarettes in the same venue
earlier this year.  Philip Morris, a unit of Altria Group Inc.
(nyse: MO), is appealing that verdict, Reuters reports.  
Analysts had expected R.J. Reynolds' trial to be stayed until
the verdict against Philip Morris was resolved.


TACO BELL: Reaches Full Settlement For OR Overtime Wage Lawsuit
---------------------------------------------------------------
Taco Bell Corporation reached a final settlement for the class
action, entitled "Bravo, et al. v. Taco Bell Corporation," filed
in the Circuit Court of the State of Oregon for the County of
Multnomah.

Two former Taco Bell shift managers launched the suit on behalf
of approximately 17,000 current and former hourly employees
statewide.  The lawsuit alleges violations of state wage and
hour laws, principally involving unpaid wages including
overtime, and rest and meal period violations, and seeks an
unspecified amount in damages.

Under Oregon class action procedures, the Company was allowed an
opportunity to "cure" the unpaid wage and hour allegations by
opening a claims process to all putative class members prior to
certification of the class.  In this cure process, Taco Bell
paid out less than $1 million.

On January 26, 1999, the court certified a class of all current
and former shift managers and crew members who claim one or more
of the alleged violations.  A Court-approved notice and claim
form was mailed to approximately 14,500 class members on January
31, 2000.  Trial began on January 4, 2001.

On March 9, 2001, the jury reached verdicts on the substantive
issues in this matter.  A number of these verdicts were in favor
of the Taco Bell position; however, certain issues were decided
in favor of the plaintiffs.  In April 2002, a jury trial to
determine the damages of 93 of those claimants found that Taco
Bell failed to pay for certain meal breaks and/or off-the-clock
work for 86 of the 93 claimants.  However, the total amount of
hours awarded by the jury was substantially less than that
sought by the claimants.

In July and September 2002, the court ruled on several post-
trial motions, including fixing the total number of potential
claimants at 1,031 (including the 93 claimants for which damages
have already been determined) and holding that claimants who
prevail are entitled to prejudgment interest and penalty wages.  
The second damages trial for the remaining 938 claimants began
on July 7, 2003.

Before the trial concluded, the parties reached an agreement to
settle this matter in full.  The court has granted preliminary
approval of the settlement, which is subject to delivery of a
notice of the settlement terms to the class with an opportunity
to object and be heard.  


TELSTRA CORPORATION: Customers To File Suit Over E-Mail Fiasco
--------------------------------------------------------------
Telstra Corporation's e-mail service remains subject to long
delays but has improved as a result of work on the system over
the past weekend, according to the company and some customers.  
Telstra added new capacity to its systems in order to boost the
services, but still expects problems to continue beyond this
week, the Australian Financial Review reports.

The company, Australia's largest Internet server, said late last
week it would credit $25 million to customers to compensate for
the delay; and it will be boosting the capacity of the e-mail
network by 30 percent over the coming weeks.

Nonetheless, critics of the company are gathering momentum in
their push to prepare a class action over the delays in e-mail
services in recent weeks.  One of the organizers of the
potential class action, according to the Australian Financial
Review, said he had received support from other customers and
expected to brief lawyers this week.

Telstra's Chief Executive, Dr. Ziggy Switkowski, said the
company attributed the slowdown of e-mails to the Swen-A virus,
and, earlier, told reporters that it was therefore able to
promptly consider appropriate customer measures and introduce
them.   

Internet legal expert Oliver Barrett, of the Minter Ellison law
firm, considering the issue of a class action judgment against
Telstra, told the Review such a judgment looked unlikely.  If
Internet service providers were held liable for losses caused by
forces outside their control, such as spam, viruses, and more,
said Mr. Barrett, carriers would have to "change their business
models radically."

Telstra spokeswoman Kerrina Lawrence told the Review recently
that customers should expect far fewer "time-out" and error
messages as a result of the technical work on the weekend
October 18-19.   At the same time, Telstra remains cautious
about how quickly it can return its systems to normal.

The customer rebate, or credit, equivalent to two weeks of
internet access, is automatic.  The company's other offer, for
free virus and firewall protection, can be claimed online.  

A man who did not want to be named said there was evidence some
e-mails were being lost, because customers were receiving
failure notices 10 days after sending a message.


TRIWEST HEALTHCARE: Military Personnel's Privacy Lawsuit Junked
---------------------------------------------------------------
US District Judge Susan Bolton dismissed a class action lawsuit
filed on behalf of  Lt. Col. Michael Stollenwerk and other
military personnel whose personal information was stolen in a
December 14 burglary at Phoenix-based TriWest Healthcare
Alliance, a private firm that runs the Defense Department's
TriCare HMO program, AP Newswire reports.

"Without damages, it doesn't matter how negligent anyone was,"
Judge Bolton said, while allowing the plaintiffs an opportunity
to file an amended complaint.

The thieves stole computer hard drives containing names,
addresses, phone numbers, medical claim histories and Social
numbers for about 562,000 military personnel.  The lawsuit
stated that security measures at TriWest were lax, and because
of that, the company was negligent.  It claimed that under
Arizona law, TriWest failed to protect people's privacy
interests and to "keep confidential and secure each plaintiff's
sensitive personal information it collected from them."

Company officials said there was nothing linking the stolen
information to fraud.  During a hearing Monday, TriWest attorney
Barry Halpern called the claim "creative and unfounded."

TriWest serves about 2.6 million active-duty personnel, their
dependents and retirees in 21 states.


UNITED KINGDOM: 40% of Epilepsy Cases Misdiagnosed, Group States
----------------------------------------------------------------
A health organization believes that 40% of childhood epilepsy
cases have been wrongly diagnosed and warned of a nationwide
crisis in epilepsy detection, the Scotsman reports.

Epilepsy Action, the national epilepsy association, issued the
warning, as a two-year inquiry over the handling of a doctor who
wrongly diagnosed at least a third of his juvenile patients
prepared to publish its findings.

The inquiry is about Dr. Andrew Holton, who worked as a
pediatric neurologist at the Leicester Royal Infirmary (LRI)
between 1990 and 2001.  Dr. Holton allegedly misdiagnosed
epilepsy in 618 children.  Around 500 children were given high
doses of powerful drugs, which in some instances they did not
need.  

Parents will be handed the findings of the independent NHS
inquiry team, commissioned by the Regional Director of Public
Health (RDPH) in November 2001, today.  They have also demanded
to know how the consultant was able to misdiagnose over 600 of
their children.

Around 400 families have already filed a $10 million group legal
action against the University Hospitals of Leicester (UHL) NHS
Trust.  

"The situation in Leicester could quite easily have happened
elsewhere as it highlighted the national problem of childhood
epilepsy," a spokeswoman for the group told the Scotsman.  
"There are around 62,000 children with epilepsy in the UK, but
only 63 pediatric neurologists, not all of whom have a
specialist knowledge in epilepsy.  It represents a chronic lack
of specialists."

The association further said that some sufferers will never have
the chance to be treated by a neurologist who specializes in
epilepsy.

Solicitors acting for the families told the Scotsman that they
have also been instructed to bring similar, unrelated claims
against Great Ormond Street Hospital, in London, and hospitals
in Doncaster, Manchester and Warrington.  Lindsay Wise, of the
solicitors Alexander Harris, which is handling 151 cases against
the trust, said: "Around 400 families are involved in the class
action and we are working with the NHS solicitors to settle
those claims and we estimate the total cost will be a seven
figure sum.


UNITED STATES: Republicans Push For Passage of Class Action Bill
----------------------------------------------------------------
Republicans in the United States Senate are continuing their
fight to have a long-pending legislation to curb huge awards
from class actions approved, despite strong opposition from
Democrats, the Washington Post reports.

The House had passed the legislation thrice, but it has yet to
come to a vote in the Senate, where its supporters have yet to
come up with the 60 votes needed to pass the bill in the 100-
member chamber.

The bill calls for the removal of class actions from state
courts - which are perceived to be highly friendly to plaintiffs
and consumer interests - to federal courts, where it is harder
to seek compensation.  The suits referred to in the proposed
legislation are suits with 100 or more plaintiffs, at least $5
million at stake or where the primary defendant and no more than
one-third of the plaintiffs are from the same state, the
Washington Post states.  The only cases that would be allowed to
remain in state court are those where two-thirds of the
plaintiffs are from the same state as the defendant.  Judges
could determine what happens in cases that fall in between.

President Bush has regarded the passage of the bill as a
priority, saying that it would free businesses to focus on
creating jobs.  Supporters of the bill assert that it would keep
lawyers from "forum shopping" to find courts - often in poor,
rural areas - that are the most likely to order the highest
damage awards.

There is "widespread abuse of class-action lawsuits in our state
courts" that result in aggrieved consumers receiving "little or
nothing of value while the attorneys receive millions of dollars
in fees," Senate Judiciary Committee Chairman Orrin G. Hatch (R-
Utah) told the Post.

However, the opponents of the bill, said this would cause
federal courts to be clogged up with cases, delaying them and
causing other problems.  It is a "special interest piece of
legislation designed exclusively to protect those who are
wealthy in America and powerful in America from even being held
accountable in court," Sen. Richard J. Durbin (D-Ill.) told the
Post.

The Senate is the last obstacle to the enactment of the bill
after a five-year struggle between Republicans allied with
business interests and Democrats with ties to trial lawyers and
consumer groups.  Republicans have said 57 senators, including
some Democrats, are ready to proceed, but this falls three votes
short of the 60 needed to break a filibuster.

Minority Leader Thomas A. Daschle (D-S.D.) told the Post last
week he believed Democrats would succeed in stopping the bill,
but Republicans have expressed guarded optimism that they can
pick up the three votes needed to prevail.

If the filibuster fails, Sen. John Breaux (D-La.) intends to
bring up a substitute proposal that would, among other things,
provide more latitude for state court consideration of cases
involving out-of-state defendants.  Business lobbyists oppose
the proposal, but Sen. Breaux contends a compromise is essential
for passage of any legislation on the subject, the Post reports.


WASHINGTON: Court Orders Striking Teachers To Go Back to Work
-------------------------------------------------------------
Snohomish County Superior Court Judge Linda C. Krese ordered
Marysville teachers, who had been on strike for more than a
month - the longest in state history, that they return to work
by Wednesday, but the head of their union said she expects
teachers to defy the ruling, AP Newswire reports.

"It is time for all the adults to grow up and start looking at
their obligations to these children," Judge Krese said.  The
judge faulted both sides for the continuing strike, which began
September 2 on what was supposed to be the first day of school
for 11,000 students in the district about 30 miles north of
Seattle.

"I feel very firmly that we won't go back without a contract.  
We need a contract," said Elaine Hanson, president of the
Marysville Education Association.

School district Superintendent Linda Whitehead said she is
pleased by the ruling.  "I'm excited the teachers and students
are coming back to school," she said.

Nearly 700 Marysville teachers have taken to the picket lines,
seeking 7.5 percent in raises over three years.  The district
says it can't afford it.  Teacher pay in Marysville is about
$33,000 a year for beginners and $66,000 for the most
experienced and best educated.  The district maintains that its
teachers are the second-highest paid in the state; the union
says its computations rank Marysville ninth in average salary.

The judge told the union and school district to negotiate eight
hours a day for four days, but both sides said the talks yielded
no progress.  A third-party panel Gov. Gary Locke appointed to
analyze the strike has called negotiations "an abysmal failure."


WESTERN UNION: Money Transfer Settlement Receives Approval
----------------------------------------------------------
An international notice program is currently under way to notify
class members of a proposed worldwide class action settlement
involving Western Union Financial Services, Inc. that has been
preliminarily approved by the United States District Court for
the Eastern District of New York.

Anyone who used Western Union, Orlandi Valuta or Tex Mex to
transfer money between the United States and another country or
territory between January 1, 1995 and December 31, 2002 should
obtain further information about the proposed settlement.  If
the proposed settlement is approved by the court, members of the
Class may be eligible to receive coupons for discounts on
future money transfers or other benefits.

To receive the benefits, or to protect their rights concerning
their transactions, the lawsuit, and the proposed settlement,
members of the class must receive the official Notice of Class
Action, Proposed Settlement, and Hearing.

If approved, the proposed settlement may affect the legal rights
of anyone who used the Western Union(R), Orlandi Valuta(SM) or
Tex Mex(R) money transfer services to send money electronically
either:

     (1) from the United States to another country or territory
         (excluding Mexico) from January 1, 1995 to December 31,
         2002,

     (2) from the United States (excluding California) to Mexico
         from September 1, 1999 to December 31, 2002, or

     (3) from another country or territory to the United States
         from January 1, 1995 to December 31, 2002.

The Court has set February 9, 2004 as the deadline for members
of the Class to comment on, object to, or opt out of the
settlement.  A Court hearing to determine the fairness of the
settlement has been scheduled for April 9, 2004.

For more details, contact the administrator by Mail: Western
Union Money Transfer Litigation Settlement Information, P.O. Box
8882, Melville, New York 11747-8882, USA by Phone:
1-888-805-6092 from the United States and Canada; or visit the
firm's Website: http://www.cruzlitigation.com.


WORLDCOM INC.: Appearance of Ex-Employees' in OK Court Delayed
--------------------------------------------------------------
Oklahoma Attorney General Drew Edmonson acceded to a request by
US Attorney General for the Southern District of New York James
B. Comey to delay the court appearances of four former WorldCom
employees, who are cooperating in a federal case against the
Company in New York, the Associated Press reports.

Federal charges are pending against Scott Sullivan, former chief
financial officer of the telecommunications company, which is
now known as MCI.  Mr. Sullivan, former chief executive Bernard
Ebbers and others defendants are accused of 15 felony counts in
Oklahoma, each carrying up to a 10-year prison sentence and a
$10,000 fine.  The charges assert that the Company's falsified
profit reports led Oklahoma investors to lose millions,
including a $64 million hit to state pension funds invested in
the company.

After the Oklahoma charges were filed, Mr. Comey said his office
had not been notified.  In an October 10 letter to Mr. Edmonson,
he stated that it was better for the two offices' efforts to be
coordinated and asked that the court appearances of former
Worldcom employees Buford Yates, David Myers, Betty Vinson and
Troy Normand in Oklahoma be delayed until after they testify in
the federal case against Mr. Sullivan.

"Because we want these witnesses to be at their best when they
testify at trial, I hope you will consider adjourning any
appearance by these four witnesses on the charges brought by
your office until after our February trial," Mr. Comey wrote,
the Associated Press reports.

He added, "this is (in) both our interests because a federal
conviction of Scott Sullivan will only assist your office's
case."


               Meetings, Conferences & Seminars


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

October 23 - 24, 2003
THE SECOND INTERNATIONAL ADVANCED FORUM ON RUN-OFF AND
COMMUTATIONS
American Conference Institute
New York Marriott East Side
Contact: 1-888-224-2480; http://www.americanconference.com  

October 24, 2003
7TH ANNUAL NATIONAL INSTITUTE ON CLASS ACTIONS
American Bar Association
San Francisco, CA
Contact: 800-285-2221; abacle@abanet.org

October 27-28, 2003
INSURANCE COVERAGE DISPUTES CONCERNING CONSTRUCTION DEFECTS
Mealey Publications
The Westin Chicago River North
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com  

November 6-7, 2003
SECURITIES, DRUGS & ENVIRONMENTAL LITIGATION
MassTortsMadePerfect.Com
Ritz Carlton, New Orleans, Louisiana
Contact: 1-800-320-2227; register@masstortsmadeperfect.com

November 6-7, 2003
WHITE COLLAR FRAUD, INDUSTRIAL INJURIES,
PHARMACEUTICALS & NURSING HOMES
MassTortsMadePerfect.Com
Ritz Carlton, New Orleans, Louisiana
Contact: 1-800-320-2227; register@masstortsmadeperfect.com
November 7, 2003
7TH ANNUAL NATIONAL INSTITUTE ON CLASS ACTIONS
American Bar Association
Washington, DC
Contact: 800-285-2221; abacle@abanet.org

November 10-11, 2003
FEN-PHEN LITIGATION CONFERENCE
Mealey Publications
The Four Seasons Hotel, Houston
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com  

November 13-14, 2003
MASS TORT LITIGATION TOOLS FOR PARALEGALS
Mealey Publications
The Westin Bonaventure Hotel, Los Angeles
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com  

November 13-14, 2003
ASBESTOS LITIGATION IN THE 21ST CENTURY
ALI-ABA
New Orleans
Contact: 215-243-1614; 800-CLE-NEWS x1614

November 17, 2003
WATER CONTAMINATION LITIGATION CONFERENCE
Mealey Publications
Pasadena
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

November 17-18, 2003
INSURANCE ALLOCATION CONFERENCE
Mealey Publications
The Ritz-Carlton Golf Resort, Naples, FL
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

November 18, 2003
MEDICAL MONITORING CONFERENCE
Mealey Publications
The Ritz-Carlton Huntington Hotel & Spa, Pasadena
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

November 18, 2003
DAUBERT CONFERENCE
Mealey Publications
The Ritz-Carlton Huntington Hotel & Spa, Pasadena
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

November 19-20, 2003
LITIGATION AND RESOLUTION OF CLASS ACTIONS
Glasser Legal Works
New York City
Contact: mbaron@glasserlegalworks.com; 800-308-1700x111

December 3-4, 2003
LITIGATION AND RESOLUTION OF CLASS ACTIONS
Glasser Legal Works
San Francisco
Contact: mbaron@glasserlegalworks.com; 800-308-1700x111

December 8-9, 2003
ASBESTOS PREMISES LIABILITY CONFERENCE
Mealey Publications
The Fairmont Hotel, San Francisco
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

December 8-9, 2003
CALIFORNIA SECTION 17200 CONFERENCE
Mealey Publications
The Fairmont Hotel, San Francisco
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

December 8-9, 2003
D&O LIABILITY INSURANCE
American Conference Institute
San Francisco
Contact: 1-888-224-2480; http://www.americanconference.com  

December 11-13, 2003
CONSTRUCTION DEFECT AND MOLD LITIGATION CONFERENCE
Mealey Publications
The Ritz-Carlton, Lake Las Vegas, Las Vegas
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

December 11, 2003
MOLD LITIGATION 101 CONFERENCE
Mealey Publications
The Ritz-Carlton, Lake Las Vegas, Las Vegas
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

December 11-13, 2003
EMERGING SECURITIES LITIGATION CONFERENCE
Mealey Publications
The Westin Kierland Resort & Spa, Scottsdale
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

December 11-13, 2003
CONSTRUCTION DEFECT AND MOLD LITIGATION CONFERENCE
Mealey Publications
The Ritz-Carlton, Lake Las Vegas, Las Vegas
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

December 14-16, 2003
DRUG AND MEDICAL DEVICE LITIGATION
American Conference Institute
The Plaza Hotel, New York City
Contact: 1-888-224-2480; http://www.americanconference.com  

January 22-23, 2004
ENVIRONMENTAL AND TOXIC TORT MATTERS: ADVANCED CIVIL LITIGATION
ALI-ABA
Orlando (Walt Disney World)
Contact: 215-243-1614; 800-CLE-NEWS x1614

January 26-27, 2004
WATER CONTAMINATION CONFERENCE
Mealey Publications
The Ritz-Carlton Hotel, Pasadena CA
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

January 29, 2004
OBESITY CLAIMS
American Conference Institute
Washington
Contact: 1-888-224-2480; http://www.americanconference.com  

January 29-30, 2004
TOP 10 INSURANCE ISSUES CONFERENCE
Mealey Publications
The Philadephia Marriott, PA
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

February 02, 2004
EMPLOYMENT PRACTICES LIABILITY INSURANCE
American Conference Institute
New York City
Contact: 1-888-224-2480; http://www.americanconference.com  

February 12, 2004
BAYCOL LITIGATION CONFERENCE
Mealey Publications
The Four Seasons Hotel, Houston
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

February 13, 2004
PPA LITIGATION CONFERENCE
Mealey Publications
The Four Seasons Hotel, Houston
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

February 23-24, 2004
ASBESTOS LITIGATION 101
Mealey Publications
The Westin, Philadephia
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

February 23-24, 2004
FUNDAMENTALS OF REINSURANCE
Mealey Publications
The Ritz-Carlton Boston Common, Boston
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

March 18-19, 2004
SECURITIES, DRUGS & ENVIRONMENTAL LITIGATION
MassTortsMadePerfect.Com
The Fairmont, San Francisco, California
Contact: 1-800-320-2227; register@masstortsmadeperfect.com
    
April 14-17, 2004
INSURANCE INSOLVENCY AND REINSURANCE ROUNDTABLE
Mealey Publications
The Scottsdale Princess, Scottsdale, AZ
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

June 10 & 11, 2004
SECURITIES, DRUGS & ENVIRONMENTAL LITIGATION
MassTortsMadePerfect.Com
Atlantis, Paradise Island, Bahamas
Contact: 1-800-320-2227; register@masstortsmadeperfect.com

TBA
FAIR LABOR STANDARDS CONFERENCE
Mealey Publications
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

TBA
AIRLINE BANKRUPTCY LITIGATION CONFERENCE
Mealey Publications
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com

TBA
FASTFOOD INDUSTRY LIABILITY CONFERENCE
Mealey Publications
Contact: 1-800-MEALEYS; 610-768-7800;
mealeyseminars@lexisnexis.com



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

October 06-30, 2003
DAMAGES IN TEXAS INSURANCE LITIGATION:
EVALUATING, PLEADING, AND PROVING
CLEOnline.Com
Contact: 512-778-5665; info@cleonline.com

October 06-30, 2003
NBI PRESENTS "EMERGING ISSUES IN CALIFORNIA
INDOOR AIR QUALITY AND TOXIC MOLD LITIGATION
CLEOnline.Com
Contact: 512-778-5665; info@cleonline.com

October 06-30, 2003
NBI PRESENTS "LITIGATING THE CLASS ACTION LAWSUIT IN FLORIDA
CLEOnline.Com
Contact: 512-778-5665; info@cleonline.com

ADVERSARIAL PROCEEDINGS IN ASBESTOS BANKRUPTCIES
LawCommerce.Com/Mealey's
Online Streaming Video
Contact: customerservice@lawcommerce.com

ASBESTOS BANKRUPTCY - PANEL OF CREDITORS COMMITTEE MEMBERS
LawCommerce.Com/Mealey's
Online Streaming Video
Contact: customerservice@lawcommerce.com

EXPERT WITNESS ADMISSIBILITY IN MOLD CASES
LawCommerce.Com/Mealey's
Online Streaming Video
Contact: customerservice@lawcommerce.com

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

NON-TRADITIONAL DEFENDANTS IN ASBESTOS LITIGATION
Online Streaming Video
LawCommerce.Com/Mealey's
Contact: customerservice@lawcommerce.com

PAXIL LITIGATION
Online Streaming Video
LawCommerce.Com/Mealey's
Contact: customerservice@lawcommerce.com

RECENT DEVELOPMENTS INVOLVING BAYCOL
Online Streaming Video
LawCommerce.Com/Mealey's
Contact: customerservice@lawcommerce.com

RECOVERIES
Big Class Action
Contact: seminars@bigclassaction.com

SELECTION OF MOLD LITIGATION EXPERTS: WHO YOU NEED ON YOUR TEAM
Online Streaming Video
LawCommerce.Com/Mealey's
Contact: customerservice@lawcommerce.com

SHOULD I FILE A CLASS ACTION?
LawCommerce.Com / Law Education Institute
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THE EFFECTS OF ASBESTOS ON THE PULMONARY SYSTEM
Online Streaming Video
LawCommerce.Com/Mealey's
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THE STATE OF ASBESTOS LITIGATION: JUDICIAL PANEL DISCUSSION
Online Streaming Video
LawCommerce.Com/Mealey's
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TRYING AN ASBESTOS CASE
LawCommerce.Com
Contact: customerservice@lawcommerce.com

THE IMPACT OF LORILLAR ON STATE AND LOCAL REGULATION OF TOBACCO
SALES
AND ADVERSTISING
American Bar Association
Contact: 800-285-2221; abacle@abanet.org

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

                 New Securities Fraud Cases   

ALLIANCE CAPITAL: Stull Stull Lodges Securities Suit in S.D. NY
---------------------------------------------------------------
Stull Stull & Brody initiated a securities class action in the
United States District Court for the Southern District of New
York, on behalf of purchasers of the securities of the
AllianceBernstein family of funds (the "Funds") owned and
operated by Alliance Capital Management Holding L.P. (NYSE:AC),
and its subsidiaries and other affiliates, between October 2,
1998 and September 29, 2003, inclusive.

The defendants are Alliance Capital Management Holding L.P.,
Alliance Capital Management Corporation, Alliance Capital
Management, L.P., AXA Financial, Inc., each of the registrants
for the Funds, Gerald Malone, Charles Schaffran, Edward J.
Stern, Canary Capital Partners, LLC, Canary Investment
Management, LLC, Canary Capital Partners, Ltd., each of the
Funds, and John Does 1-100, seeking to pursue remedies under the
Securities Exchange Act of 1934, the Securities Act of 1933 and
the Investment Advisers Act of 1940.

The Funds, and the symbols for the respective Funds named below,
are as follows:


    
   (1) AllianceBernstein Growth & Income Fund (Sym: CABDX,
         CBBDX, CBBCX)

     (2) AllianceBernstein Health Care Fund (Sym: AHLAX, AHLBX,
         AHLCX)

     (3) AllianceBernstein Disciplined Value Fund (Sym: ADGAX,
         ADGBX, ADGCX)

     (4) AllianceBernstein Mid-Cap Growth (Sym: CHCAX, CHCBX,
         CHCCX)

     (5) AllianceBernstein Real Estate Investment Fund (Sym:
         AREAX, AREBX, ARECX)

     (6) AllianceBernstein Growth Fund  (Sym: AGRFX, AGBBX,
         AGRCX)

     (7) AllianceBernstein Select Investor Series Biotechnology
         Portfolio (Sym: ASBAX, AIBBX, ASBCX)

     (8) AllianceBernstein Small CapValue Fund (Sym: ABASX,
         ABBSX, ABCSX)

     (9) AllianceBernstein Premier Growth Fund (Sym: APGAX,
         APGBX APGCX)

    (10) AllianceBernstein Select Investor Series Technology
         Portfolio (Sym AITAX, AITBX, AITCX)

    (11) AllianceBernstein Value Fund (Sym: ABVAX, ABVBX,
         ABVCX)

    (12) AllianceBernstein Quasar Fund (Sym: QUASX, QUABX,
         QUACX)

    (13) AllianceBernstein Technology Fund (Sym: ALTFX, ATEBX,
         ATECX)

    (14) AllianceBernstein Select Investor Series Premier
         Portfolio (Sym: ASPAX, ASPBX, ASPCX)

    (15) AllianceBernstein Utility Income Fund (Sym: AUIAX,
         AUIBX, AUICX)

    (16) AllianceBernstein Balanced Shares (Sym: CABNX, CABBX,
         CBACX)

    (17) AllianceBernstein Disciplined Value Fund (Sym: ADGAX,
         ADGBX, ADGCX)

    (18) AllianceBernstein Global Value Fund (Sym: ABAGX, ABBGX,
         ABCGX)

    (19) AllianceBernstein International Value Fund (Sym: ABIAX,
         ABIBX, ABICX)

    (20) AllianceBernstein Real Estate Investment Fund (Sym:
         AREAX, AREBX, ARECX)

    (21) AllianceBernstein Small Cap Value Fund  (Sym: ABASX,
         ABBSX, ABCSX)

    (22) AllianceBernstein Utility Income Fund (Sym: AUIAX,
         AUIBX, AUICX)

    (23) AllianceBernstein Value Fund (Sym: ABVAX, ABVBX, AVBCX)

    (24) AllianceBernstein Blended Style Series - U.S. Large Cap
         Portfolio (Sym: ABBAX, ABBAX, ABBCX)

    (25) AllianceBernstein All-Asia Investment Fund (Sym: AALAX,
         AAABX, AAACX)

    (26) AllianceBernstein Global Value Fund (Sym: ABAGX, ABBGX,
         ABCGX)

    (27) AllianceBernstein Greater China '97 Fund (Sym: GCHAX,
         GCHBX, GCHCX)

    (28) AllianceBernstein International Premier Growth Fund
        (Sym: AIPAX, AIPBX, AIPCX)

    (29) AllianceBernstein International Value Fund (Sym: ABIAX,
         ABIBX, ABICX)

    (30) AllianceBernstein Global Small Cap Fund (Sym: GSCAX,
         AGCBX, GSCCX)

    (31) AllianceBernstein New Europe Fund (Sym: ANEAX, ANEBX,
         ANECX)

    (32) AllianceBernstein Worldwide Privatization Fund (Sym:
         AWPAX, AWPBX, AWPCX)

    (33) AllianceBernstein Select Investor Series Biotechnology
         Portfolio (Sym: ASBAX, AIBBX, ASBCX)

    (34) AllianceBernstein Select Investor Series Premier
         Portfolio (Sym: ASPAX, ASPBX, ASPCX)

    (35) AllianceBernstein Select Investor Series Technology
         Portfolio (Sym: AITAX, AITBX, AITCX)

    (36) AllianceBernstein Americas Government Income Trust
         (Sym: ANAGX, ANABX, ANACX)

    (37) AllianceBernstein Bond Fund Corporate Bond Portfolio
         (Sym: CBFAX, CBFBX, CBFCX)

    (38) AllianceBernstein Bond Fund Quality Bond Portfolio
         (Sym: ABQUX, ABQBX, ABQCX)

    (39) AllianceBernstein Bond Fund U.S. Government Portfolio
         (Sym: ABUSX, ABUBX ABUCX)

    (40) AllianceBernstein Emerging Market Debt Fund (Sym:
         AGDAX, AGDBX, AGDCX)

    (41) AllianceBernstein Global Strategic Income Trust
         (Sym: AGSAX, AGSBX, AGCCX)

    (42) AllianceBernstein High Yield Fund (Sym: AHYAX, AHHBX,
         AHHCX)

    (43) AllianceBernstein Multi-Market Strategy Trust (Sym:
         AMMSX, AMMBX, AMMCX)

    (44) AllianceBernstein Short Duration (Sym: ADPAX, ADPBX,
         ADPCX)

    (45) AllianceBernstein Intermediate California Muni
         Portfolio (Sym: AICBX, ACLBX, ACMCX)

    (46) AllianceBernstein Intermediate Diversified Muni
         Portfolio (Sym: AIDAX, AIDBX, AIMCX)

    (47) AllianceBernstein Intermediate New York Muni Portfolio:
         (Sym: ANIAX, ANYBX, ANMCX)

    (48) AllianceBernstein Muni Income Fund National Portfolio
         (Sym: ALTHX, ALTBX, ALNCX)

    (49) AllianceBernstein Muni Income Fund Arizona Portfolio
         (Sym: AAZAX, AAZBX, AAZCX)

    (50) AllianceBernstein Muni Income Fund California Portfolio
         (Sym: ALCAX, ALCBX, ACACX)

    (51) AllianceBernstein Muni Income Fund Insured California
         Portfolio (Sym: BUICX, BUIBX, BUCCX)

    (52) AllianceBernstein Muni Income Fund Insured National
         Portfolio (Sym: CABTX, CBBBX, CACCX)

    (53) AllianceBernstein Muni Income Fund Florida Portfolio
         (Sym: AFLAX, AFLBX, AFLCX)

    (54) AllianceBernstein Muni Income Fund Massachusetts
         Portfolio (Sym: AMAAX, AMABX)

    (55) AllianceBernstein Muni Income Fund Michigan Portfolio
         (Sym: AMIAX, AMIBX, AMICX)

    (56) AllianceBernstein Muni Income Fund Minnesota Portfolio
         (Sym: AMNAX, AMNBX, AMNCX)

    (57) AllianceBernstein Muni Income Fund New Jersey Portfolio
         (Sym: ANJAX, ANJBX, ANJCX)

    (58) AllianceBernstein Muni Income Fund New York Portfolio
         (Sym: ALNYX, ALNBX, ANYCX)

    (59) AllianceBernstein Muni Income Fund Ohio Portfolio
        (Sym: AOHAX, AOHBX, AOHCX)

    (60) AllianceBernstein Muni Income Fund Pennsylvania
         Portfolio (Sym: APAAX, APABX, APACX)

    (61) AllianceBernstein Muni Income Fund Virginia Portfolio
         (Sym: AVAAX, AVABX, AVACX)

Investors in the State of Rhode Island 529 Plan, known as the
CollegeBoundfund(SM), may have invested in one or more of the
funds listed below:

     (i) AllianceBernstein Growth & Income Fund

    (ii) AllianceBernstein Mid-Cap Growth Fund

   (iii) AllianceBernstein Premier Growth Fund

    (iv) AllianceBernstein Quasar Fund

     (v) AllianceBernstein Technology Fund

    (vi) AllianceBernstein Quality Bond Portfolio

   (vii) AllianceBernstein International Value Fund

  (viii) AllianceBernstein Small Cap Value Fund

    (ix) AllianceBernstein Value Fund

The complaint alleges that defendants violated Sections 11 and
15 of the Securities Act of 1933; Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934, and Rule 10b-5 promulgated
thereunder; and Section 206 of the Investment Advisers Act of
1940.  

The Complaint charges that, throughout the Class Period, certain
of the defendants failed to disclose that they improperly
allowed certain hedge funds, including Canary and certain
Alliance hedge funds, to engage in "late trading" and "timing"
of the Funds' securities. Late trades are trades received after
4:00 p.m. EST that are filled based on that day's net asset
value, as opposed to being filed based on the next day's net
asset value, which is the proper procedure under SEC
regulations.

Late trading allows favored investors to make use of market-
moving information that only becomes available after 4 P.M. and
has been compared to betting on a horse race that already has
been run.  Timing is excessive, arbitrage trading undertaken to
turn a quick profit and which ordinary investors are told that
the funds police.

Late trading and timing injure ordinary mutual fund investors -
who are not allowed to engage in such practices - and are
acknowledged as improper practices by the Funds.  In return for
receiving extra fees from Canary and other favored investors,
Alliance Capital Management Holding and its subsidiaries allowed
and facilitated Canary's timing and late trading activities, to
the detriment of class members, who paid, dollar for dollar, for
Canary's improper profits.  These practices were undisclosed in
the prospectuses of the Funds, which falsely represented that
the Funds actively police against timing and represented that
post-4 P.M. EST trades will be priced based on the next day's
net asset value and that premature redemptions will be assessed
a charge.

For more details, contact Tzivia Brody by Mail: 6 East 45th
Street, New York, NY 10017 by Phone: 1-800-337-4983 by E-mail:
SSBNY@aol.com or visit the firm's Website: http://www.ssbny.com


ALLIANCE CAPITAL: Berger & Montague Lodges Stock Lawsuit in NY
--------------------------------------------------------------
Berger & Montague 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 AllianceBernstein Balanced Shares (Nasdaq:
CABBX, CBACX), AllianceBernstein Disciplined Value Fund (Nasdaq:
ADGBX, ADGCX), AllianceBernstein Global Value Fund (Nasdaq:
ABBGX, ABCGX), AllianceBernstein International Value Fund
(Nasdaq: ABIBX, ABICX), and other AllianceBernstein family of
funds (the "Funds") owned and operated by Alliance Capital
Management Holding L.P. (NYSE: AC), and its subsidiaries
and other affiliates, between October 2, 1998 and September 29,
2003.

The complaint names Alliance Capital Management Holding L.P.,
Alliance Capital Management Corporation, Alliance Capital
Management, L.P., AXA Financial, Inc., each of the registrants
for the Funds, Gerald Malone, Charles Schaffran, Edward J.
Stern, Canary Capital Partners, LLC, Canary Investment
Management, LLC, Canary Capital Partners, Ltd., each of the
Funds, and John Does 1-100.

The Funds, and the symbols for the respective Funds named below,
are as follows:
    
   (1) AllianceBernstein Growth & Income Fund (Sym: CABDX,
         CBBDX, CBBCX)

     (2) AllianceBernstein Health Care Fund (Sym: AHLAX, AHLBX,
         AHLCX)

     (3) AllianceBernstein Disciplined Value Fund (Sym: ADGAX,
         ADGBX, ADGCX)

     (4) AllianceBernstein Mid-Cap Growth (Sym: CHCAX, CHCBX,
         CHCCX)

     (5) AllianceBernstein Real Estate Investment Fund (Sym:
         AREAX, AREBX, ARECX)

     (6) AllianceBernstein Growth Fund  (Sym: AGRFX, AGBBX,
         AGRCX)

     (7) AllianceBernstein Select Investor Series Biotechnology
         Portfolio (Sym: ASBAX, AIBBX, ASBCX)

     (8) AllianceBernstein Small CapValue Fund (Sym: ABASX,
         ABBSX, ABCSX)

     (9) AllianceBernstein Premier Growth Fund (Sym: APGAX,
         APGBX APGCX)

    (10) AllianceBernstein Select Investor Series Technology
         Portfolio (Sym AITAX, AITBX, AITCX)

    (11) AllianceBernstein Value Fund (Sym: ABVAX, ABVBX,
         ABVCX)

    (12) AllianceBernstein Quasar Fund (Sym: QUASX, QUABX,
         QUACX)

    (13) AllianceBernstein Technology Fund (Sym: ALTFX, ATEBX,
         ATECX)

    (14) AllianceBernstein Select Investor Series Premier
         Portfolio (Sym: ASPAX, ASPBX, ASPCX)

    (15) AllianceBernstein Utility Income Fund (Sym: AUIAX,
         AUIBX, AUICX)

    (16) AllianceBernstein Balanced Shares (Sym: CABNX, CABBX,
         CBACX)

    (17) AllianceBernstein Disciplined Value Fund (Sym: ADGAX,
         ADGBX, ADGCX)

    (18) AllianceBernstein Global Value Fund (Sym: ABAGX, ABBGX,
         ABCGX)

    (19) AllianceBernstein International Value Fund (Sym: ABIAX,
         ABIBX, ABICX)

    (20) AllianceBernstein Real Estate Investment Fund (Sym:
         AREAX, AREBX, ARECX)

    (21) AllianceBernstein Small Cap Value Fund  (Sym: ABASX,
         ABBSX, ABCSX)

    (22) AllianceBernstein Utility Income Fund (Sym: AUIAX,
         AUIBX, AUICX)

    (23) AllianceBernstein Value Fund (Sym: ABVAX, ABVBX, AVBCX)

    (24) AllianceBernstein Blended Style Series - U.S. Large Cap
         Portfolio (Sym: ABBAX, ABBAX, ABBCX)

    (25) AllianceBernstein All-Asia Investment Fund (Sym: AALAX,
         AAABX, AAACX)

    (26) AllianceBernstein Global Value Fund (Sym: ABAGX, ABBGX,
         ABCGX)

    (27) AllianceBernstein Greater China '97 Fund (Sym: GCHAX,
         GCHBX, GCHCX)

    (28) AllianceBernstein International Premier Growth Fund
        (Sym: AIPAX, AIPBX, AIPCX)

    (29) AllianceBernstein International Value Fund (Sym: ABIAX,
         ABIBX, ABICX)

    (30) AllianceBernstein Global Small Cap Fund (Sym: GSCAX,
         AGCBX, GSCCX)

    (31) AllianceBernstein New Europe Fund (Sym: ANEAX, ANEBX,
         ANECX)

    (32) AllianceBernstein Worldwide Privatization Fund (Sym:
         AWPAX, AWPBX, AWPCX)

    (33) AllianceBernstein Select Investor Series Biotechnology
         Portfolio (Sym: ASBAX, AIBBX, ASBCX)

    (34) AllianceBernstein Select Investor Series Premier
         Portfolio (Sym: ASPAX, ASPBX, ASPCX)

    (35) AllianceBernstein Select Investor Series Technology
         Portfolio (Sym: AITAX, AITBX, AITCX)

    (36) AllianceBernstein Americas Government Income Trust
         (Sym: ANAGX, ANABX, ANACX)

    (37) AllianceBernstein Bond Fund Corporate Bond Portfolio
         (Sym: CBFAX, CBFBX, CBFCX)

    (38) AllianceBernstein Bond Fund Quality Bond Portfolio
         (Sym: ABQUX, ABQBX, ABQCX)

    (39) AllianceBernstein Bond Fund U.S. Government Portfolio
         (Sym: ABUSX, ABUBX ABUCX)

    (40) AllianceBernstein Emerging Market Debt Fund (Sym:
         AGDAX, AGDBX, AGDCX)

    (41) AllianceBernstein Global Strategic Income Trust
         (Sym: AGSAX, AGSBX, AGCCX)

    (42) AllianceBernstein High Yield Fund (Sym: AHYAX, AHHBX,
         AHHCX)

    (43) AllianceBernstein Multi-Market Strategy Trust (Sym:
         AMMSX, AMMBX, AMMCX)

    (44) AllianceBernstein Short Duration (Sym: ADPAX, ADPBX,
         ADPCX)

    (45) AllianceBernstein Intermediate California Muni
         Portfolio (Sym: AICBX, ACLBX, ACMCX)

    (46) AllianceBernstein Intermediate Diversified Muni
         Portfolio (Sym: AIDAX, AIDBX, AIMCX)

    (47) AllianceBernstein Intermediate New York Muni Portfolio:
         (Sym: ANIAX, ANYBX, ANMCX)

    (48) AllianceBernstein Muni Income Fund National Portfolio
         (Sym: ALTHX, ALTBX, ALNCX)

    (49) AllianceBernstein Muni Income Fund Arizona Portfolio
         (Sym: AAZAX, AAZBX, AAZCX)

    (50) AllianceBernstein Muni Income Fund California Portfolio
         (Sym: ALCAX, ALCBX, ACACX)

    (51) AllianceBernstein Muni Income Fund Insured California
         Portfolio (Sym: BUICX, BUIBX, BUCCX)

    (52) AllianceBernstein Muni Income Fund Insured National
         Portfolio (Sym: CABTX, CBBBX, CACCX)

    (53) AllianceBernstein Muni Income Fund Florida Portfolio
         (Sym: AFLAX, AFLBX, AFLCX)

    (54) AllianceBernstein Muni Income Fund Massachusetts
         Portfolio (Sym: AMAAX, AMABX)

    (55) AllianceBernstein Muni Income Fund Michigan Portfolio
         (Sym: AMIAX, AMIBX, AMICX)

    (56) AllianceBernstein Muni Income Fund Minnesota Portfolio
         (Sym: AMNAX, AMNBX, AMNCX)

    (57) AllianceBernstein Muni Income Fund New Jersey Portfolio
         (Sym: ANJAX, ANJBX, ANJCX)

    (58) AllianceBernstein Muni Income Fund New York Portfolio
         (Sym: ALNYX, ALNBX, ANYCX)

    (59) AllianceBernstein Muni Income Fund Ohio Portfolio
        (Sym: AOHAX, AOHBX, AOHCX)

    (60) AllianceBernstein Muni Income Fund Pennsylvania
         Portfolio (Sym: APAAX, APABX, APACX)

    (61) AllianceBernstein Muni Income Fund Virginia Portfolio
         (Sym: AVAAX, AVABX, AVACX)

Investors in the State of Rhode Island 529 Plan, known as the
CollegeBoundfund(SM), may have invested in one or more of the
funds listed below:

     (i) AllianceBernstein Growth & Income Fund

    (ii) AllianceBernstein Mid-Cap Growth Fund

   (iii) AllianceBernstein Premier Growth Fund

    (iv) AllianceBernstein Quasar Fund

     (v) AllianceBernstein Technology Fund

    (vi) AllianceBernstein Quality Bond Portfolio

   (vii) AllianceBernstein International Value Fund

  (viii) AllianceBernstein Small Cap Value Fund

    (ix) AllianceBernstein Value Fund

The Complaint alleges that defendants violated Sections 11 and
15 of the Securities Act of 1933; Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934, and Rule 10b-5 promulgated
thereunder; and Section 206 of the Investment Advisers Act of
1940.  

The Complaint charges that, throughout the Class Period, certain
of the defendants failed to disclose that they improperly
allowed certain hedge funds, including Canary and certain
Alliance hedge funds, to engage in "late trading" and "timing"
of the Funds' securities.  

Late trades are trades received after 4:00 p.m. EST that are
filled based on that day's net asset value, as opposed to being
filled based on the next day's net asset value, which is the
proper procedure under SEC regulations.

Late trading allows favored investors to make use of market-
moving information that only becomes available after 4 P.M. and
has been compared to betting on a horse race that already has
been run.  Timing is excessive, arbitrage trading undertaken to
turn a quick profit and which ordinary investors are told that
the funds police.  Late trading and timing injure ordinary
mutual fund investors -- who are not allowed to engage in such
practices -- and are acknowledged as improper practices by the
Funds.

In return for receiving extra fees from Canary and other favored
investors, Alliance Capital Management Holding and its
subsidiaries allowed and facilitated Canary's timing and late
trading activities, to the detriment of class members, who paid,
dollar for dollar, for Canary's improper profits.

These practices were undisclosed in the prospectuses of the
Funds, which falsely represented that the Funds actively police
against timing and represented that post-4 P.M. EST trades will
be priced based on the next day's net asset value and that
premature redemptions will be assessed a charge.

For more details, contact Sherrie R. Savett, Robert A. Kauffman,
Glen L. Abramson, Diane R. Werwinski by Mail: Berger & Montague,
P.C., 1622 Locust Street, Philadelphia, PA 19103 by Phone: 888-
891-2289 or 215-875-3000 by Fax: 215-875-5715 by E-mail:
InvestorProtect@bm.net or visit the firm's Website:
http://www.bergermontague.com


INTERMUNE INC.: Marc Henzel Lodges Securities Lawsuit in N.D. CA
----------------------------------------------------------------
The Law Offices of Marc S. Henzel initiated a securities class
action lawsuit was filed in the United States District Court for
the Northern District of California, on behalf of all purchasers
of the securities of InterMune, Inc. (NASDAQ: ITMN) during the
period January 6, 2003 to June 11, 2003, inclusive.

The complaint charges that the Company and the Company's CEO, W.
Scott Harkonen, violated Section 10(b) and 20(a) of the
Securities Exchange Act of 1934 by making false and misleading
statements about one of the its leading products, Actimmune.
Specifically, the complaint alleges that 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
during the class period 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 the Company's stock price
plummeting to $16.74, a 33% one-day fall.

For more details, contact Marc S. Henzel by Mail: 273 Montgomery
Ave., Suite 202, Bala Cynwyd, PA 19004 by Phone: 610-660-8000 or
888-643-6735 by Fax: 610-660-8080 or by E-Mail:
mhenzel182@aol.com  


MICROFINANCIAL INC.: Cauley Geller Lodges Securities Suit in MA
---------------------------------------------------------------
Cauley Geller Bowman & Rudman, LLP initiated a securities class
action in the United States District Court for the District of
Massachusetts on behalf of all purchasers of the common stock of
MicroFinancial, Inc. (NYSE: MFI) from February 5, 1999 through
October 30, 2002, inclusive.

The complaint charges MicroFinancial, Peter R. Bleyleben,
Richard F. Latour, and James R. Jackson Jr. with violations of
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
and Rule 10b-5 promulgated thereunder, by issuing a series of
material misrepresentations to the market between February 5,
1999 and October 30, 2002, thereby artificially inflating the
price of MicroFinancial's common stock.

More specifically, the Complaint alleges that the defendants
represented that the Company's business and operations were
being conducted in a profitable and lawful manner. In offering
documents issued in connection with its 1999 initial public
offering and in the Company's periodic filings with the SEC, the
Company described itself as a "specialized" commercial finance
enterprise that leases and rents "low-priced" equipment and
provides other financial services. Throughout the Class Period,
the Company issued highly positive earnings reports, as well as
forecasts for the Company's continued growth and profitability.

Unknown to the investing public, however, the Company materially
overstated its revenues and earnings by improperly recognizing
tens of millions of dollars of financing income, fees and other
revenues arising from delinquent and defaulted commercial
leasing, rental and finance contracts that defendants knew, or
recklessly disregarded, were uncollectible because the contracts
were unenforceable by their terms.

Additionally, defendants materially understated MicroFinancial's
credit losses on tens of thousands of delinquent customer
accounts and certain third-party "dealer receivables" which
defendants never intended to collect but, in many instances,
offset against the Company's funding of new contracts. As a
result, defendants materially misrepresented the Company's
current and future revenues and profits and issued financial
statements that violated generally accepted accounting
principles ("GAAP") and SEC reporting requirements throughout
the Class Period.

On August 14, 2002, MicroFinancial disclosed in its Form 10-Q
for the quarter ended June 30, 2002, that the Company was the
target of a combined federal and state inquiry into the
Company's leasing and credit collection practices, among other
things. Then just two months later on October 11, 2002,
defendants stunned the market by announcing that MicroFinancial
was ceasing to make any new lease originations as part of a "new
business strategy to leverage the Company's technology and loan
servicing platform."

Market reaction to the Company's "new business strategy"
announcement was swift and severe. The Company's common stock
lost 37% of its value to close at $2.14 per share on October 11,
2002. The Company's stock price has never recovered, and its
common shares have continued to trade at or below that level to
the current date, representing more than an 85% loss in value
from MicroFinancial's IPO price of $15.00 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


PRINTCAFE SOFTWARE: Marc Henzel Files Securities Suit in W.D. PA
----------------------------------------------------------------
The Law Offices of Marc S. Henzel initiated a securities class
action in the United States District Court for the Western
District of Pennsylvania on behalf of all purchasers of the
common stock of Printcafe Software, Inc. (NasdaqNM: PCAF) from
June 18, 2002 through October 22, 2002, inclusive.

The complaint alleges that defendants violated Sections 11,
12(a)(2) and 15 of the Securities Act of 1933 by issuing a
materially false and misleading Registration Statement and
Prospectus in connection with Printcafe's initial public
offering (IPO).  The complaint alleges that the Registration
Statement and Prospectus were materially false and misleading
because statements made therein failed to disclose and
misrepresented the following adverse facts, among others:

     (1) that demand for the Company's products and services was
         declining to the extent that the Company was not
         performing in line with its internal expectations;

     (2) that the Company's product development efforts were
         experiencing difficulties; and

     (3) that the Company's declining financial performance
         would require it to engage in a material restructuring
         of its operations in order to generate cost savings and
         reverse that negative trend.

At the time of the filing of the complaint, the price of
Printcafe common stock was $2.57 per share.

For more details, contact Marc S. Henzel by Mail: 273 Montgomery
Ave., Suite 202, Bala Cynwyd, PA 19004 by Phone: 610-660-8000 or
888-643-6735 by Fax: 610-660-8080 or by E-Mail:
mhenzel182@aol.com  


SUREBEAM CORPORATION: Marc Henzel Launches Securities Suit in CA
----------------------------------------------------------------
The Law Offices of Marc S. Henzel initiated a securities fraud
class action against SureBeam Corporation (NasdaqNM: SUREE) in
the United States District Court for the Southern District of
California, on behalf of persons who purchased shares of
SureBeam's common stock pursuant to SureBeam's March 16, 2001
initial public offering or on the open market during the period
from March 16, 2001, through August 27, 2003.

The complaint alleges that during the class period, defendants
improperly utilized the percentage-of-completion method for
accounting for its revenue and improperly accounted for millions
of dollars of revenue derived from sales of equipment to a
Brazilian company and to Texas A&M University causing the
Company's Class Period revenues to be misrepresented.

The truth began to be revealed when, on June 3, 2003, SureBeam
announced that it had terminated KPMG LLP as its auditor.  A
little more than two months later, on August 21, 2003, SureBeam
announced that it was firing Deloitte & Touche, which had been
hired to replace KPMG, because Deloitte & Touche allegedly had
refused to sign off on the Company's improper accounting.  Prior
to the termination of KPMG, SureBeam's stock was selling for
$3.10 per share.  After the substantial issues that Deloitte had
contested became public, SureBeam's stock had dropped almost in
half, to $1.62 per share.

During the period SureBeam was issuing its favorable false
statements about the Company's financial results, defendant
Lawrence A. Oberkfell, the former President and Chief Executive
Officer of the Company, sold over 1.5 million SureBeam shares
for proceeds of more than $5.5 million.  Similarly, defendant
Kevin K. Claudio, formerly the Chief Financial Officer of the
Company and currently its Senior Vice President, sold over
522,000 SureBeam shares for proceeds of more than $2.3 million.

For more details, contact Marc S. Henzel by Mail: 273 Montgomery
Ave., Suite 202, Bala Cynwyd, PA 19004 by Phone: 610-660-8000 or
888-643-6735 by Fax: 610-660-8080 or by E-Mail:
mhenzel182@aol.com  


TRIPOS INC.: Marc Henzel Lodges Securities Fraud Suit in E.D. MO
----------------------------------------------------------------
The Law Offices of Marc S. Henzel initiated a securities class
action in the United States District Court for the Eastern
District of Missouri on behalf of purchasers of Tripos, Inc.
(Nasdaq: TRPS) common stock during the period between January 9,
2002 and July 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 numerous positive statements
throughout the Class Period regarding the strong performance of
the Company's business, specifically stating that the Company
would continue to grow its revenues and earnings and that its
book of contracted business was solid.

In truth and in fact, however, the Company was experiencing
weakening demand for its products and services and encountering
severe and material difficulties with a certain contract which
would delay payments under that agreement.  When this
information was belatedly disclosed to the market on July 1,
2002, the price of Tripos common stock dropped precipitously,
falling from $21.80 per share to $8.53 per share -- a drop of
60% -- on extremely heavy trading volume.

For more details, contact Marc S. Henzel by Mail: 273 Montgomery
Ave., Suite 202, Bala Cynwyd, PA 19004 by Phone: 610-660-8000 or
888-643-6735 by Fax: 610-660-8080 or by E-Mail:
mhenzel182@aol.com


VAN DER MOOLEN: Cauley Geller Lodges Securities Suit in S.D. NY
---------------------------------------------------------------
Cauley Geller Bowman & Rudman, LLP intiated a securities class
action in the United States District Court for the Southern
District of New York on behalf of all persons who purchased the
American Depository Receipt shares ("ADRs") of Van der Moolen
Holding N.V. (NYSE: VDM), between October 18, 2001 and October
15, 2003, inclusive.

The complaint charges Van der Moolen Holding N.V., Friedrich
M.J. Bottcher, Frank F. Dorjee, James P. Cleaver, Jr., and
Casper F. Rondeltap with violations of Sections 10(b) and 20(a)
of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder.  Van der Moolen acts as a specialty firm
on the New York Stock Exchange (NYSE).

As a specialist on the NYSE, Van der Moolen is required to
uphold the rules and requirements of the NYSE.  One such
requirement that Van der Moolen must adhere to is called the
"negative obligation."  The negative obligation is the duty to
hang back and not trade for the specialist firm's own account
when enough public investor orders exist to pair up naturally,
without undue intervention.

Rather than uphold its duties, Van der Moolen, during the class
period, repeatedly violated its duties by engaging in an illegal
scheme to drive up the Company's financial results.  More
specifically, the Complaint alleges that the Company's
statements concerning its financial results during the class
period were materially false and misleading because they failed
to disclose and misrepresented the following adverse facts,
among others:

     (1) that Van der Moolen engaged in the illegal practice of
         "front-running" trades at the NYSE, which allowed Van
         der Moolen to act on nonpublic information to trade
         ahead of customers lacking that knowledge and pocket a
         profit on each trade;

     (2) that Van der Moolen illegally "traded ahead" of
         customer orders by causing or allowing its traders to
         put Van der Moolen's own interest ahead of investors by
         ignoring one investor order in the process of
         interacting with another investor, thereby creating
         more illegal profits for the Company;

     (3) that Van der Moolen, throughout the Class Period,
         improperly recognized revenue from its illegal scheme
         in violation of Generally Accepted Accounting
         Principles (GAAP); and

     (4) as a result of this illegal scheme, Van der Moolen
         materially overstated and artificially inflated its
         earnings and net income.

On April 17, 2003, the NYSE issued a statement wherein it
disclosed that it had begun an investigation of the specialist
firms of the NYSE.  On news of this Van der Moolen ADRs fell
4.8% or $0.52 per share to close at $10.19 per share.

On April 18, 2003, The Wall Street Journal reported that Van der
Moolen and others were the subject of an investigation by the
NYSE into illegal trading practices on the floor of the NYSE.  
Additionally on April 18, 2003, Bloomberg reported that the SEC
had also begun an investigation into illegal trading practices
by specialist firms, such as Van der Moolen.  On news of this,
Van der Moolen ADRs fell another 4.7% or $0.48 per share to
close at $9.71 per share on April 21, 2003.

On September 22, 2003, The Wall Street Journal reported that SEC
had intensified its inquiry into the NYSE specialist firms, like
Van der Moolen.  The article noted that SEC was not only
investigating the illegal "front-running" practices of the
specialist firms, like Van der Moolen but was now investigating
whether floor traders "traded ahead" of customer orders.  On
news of this, Van der Moolen ADRs fell 4.4% or $0.62 per share
to close at $13.35 per share.

Lastly, on October 16, 2003, the NYSE announced that the NYSE
Enforcement Division had decided to bring disciplinary action
against Van der Moolen and the other specialist firms.  
Additionally, the NYSE stated that for the three- year period
ended December 31, 2002, Van der Moolen disadvantaged customers
who entered orders via the NYSE's Designated Order Turnaround
System (DOT) through alleged "interpositioning" resulting in
losses to customers of approximately $10 million.

In the case of such alleged "interpositioning" Van der Moolen is
believed to have traded unnecessarily as dealer with DOT orders
on one side of the market, and then immediately traded with DOT
orders on the opposite side, at a profit to the specialist.  The
NYSE further stated that Van der Moolen's illegal actions
resulted in additional losses to customers of approximately $25
million. In these alleged "one-sided trading" cases, the
specialist is believed to have traded unnecessarily, as dealer,
on one side of the market only, at a price level where one or
more DOT orders could have traded instead.

News of this shocked the market.  Van der Moolen ADRs fell 14.7%
or $1.56 per share to close at $9.05 per share on extremely high
volume.

For more details, contact Samuel H. Rudman or David A. Rosenfeld
by Mail: P.O. Box 25438, Little Rock, AR 72221-5438 by Phone:
1-888-551-9944 by Fax: 1-501-312-8505 by E-mail:
info@cauleygeller.com or visit the firm's Website:
http://www.cauleygeller.com


VAN DER MOOLEN: Schiffrin Barroway Lodges Stock Suit in S.D. NY
---------------------------------------------------------------
Schiffrin & Barroway LLP initiated a securities class action in
the United States District Court for the Southern District of
New York on behalf of all persons who purchased the American
Depository Receipt shares (ADRs) of Van der Moolen Holding N.V.
(NYSE: VDM), between October 18, 2001 through October 15, 2003,
inclusive.  The complaint names as defendants the Company and:

     (1) Friedrich M.J. Bottcher,

     (2) Frank F. Dorjee,

     (3) James P. Cleaver, Jr., and

     (4) Casper F. Rondeltap

The defendants are charged with violations of Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder.  Van der Moolen acts as a specialty firm
on the New York Stock Exchange (NYSE).  

As a specialist on the NYSE, Van der Moolen is required to
uphold the rules and requirements of the NYSE.  One such
requirement that Van der Moolen must adhere to is called
the "negative obligation."   The negative obligation is the duty
to hang back and not trade for the specialist firm's own account
when enough public investor orders exist to pair up naturally,
without undue intervention.  Rather than uphold its duties, Van
der Moolen, during the class period, repeatedly violated its
duties by engaging in an illegal scheme to drive up the
Company's financial results.  

More specifically, the Complaint alleges that the Company's
statements concerning its financial results during the class
period were materially false and misleading because they failed
to disclose and misrepresented the following adverse facts,
among others:

     (i) that Van der Moolen engaged in the illegal practice of
         "front-running" trades at the NYSE, which allowed Van
         der Moolen to act on nonpublic information to trade
         ahead of customers lacking that knowledge and pocket a
         profit on each trade;

    (ii) that Van der Moolen illegally "traded ahead" of
         customer orders by causing or allowing its traders to
         put Van der Moolen's own interest ahead of investors by
         ignoring one investor order in the process of
         interacting with another investor, thereby creating
         more illegal profits for the Company;

   (iii) that Van der Moolen, throughout the Class Period,
         improperly recognized revenue from its illegal scheme
         in violation of Generally Accepted Accounting
         Principles (GAAP); and

    (iv) as a result of this illegal scheme, Van der Moolen
         materially overstated and artificially inflated its
         earnings and net income.

On April 17, 2003, the NYSE issued a statement wherein it
disclosed that it had begun an investigation of the specialist
firms of the NYSE.  On news of this Van der Moolen ADRs fell
4.8% or $0.52 per share to close at $10.19 per share.  On April
18, 2003, The Wall Street Journal reported that Van der Moolen
and others were the subject of an investigation by the NYSE into
illegal trading practices on the floor of the NYSE.

Additionally on April 18, 2003, Bloomberg reported that the SEC
had also begun an investigation into illegal trading practices
by specialist firms, such as Van der Moolen.  On news of this,
Van der Moolen ADRs fell another 4.7% or $0.48 per share to
close at $9.71 per share on April 21, 2003.  

On September 22, 2003, The Wall Street Journal reported that SEC
had intensified its inquiry into the NYSE specialist firms, like
Van der Moolen.  The article noted that SEC was not only
investigating the illegal "front-running" practices of the
specialist firms, like Van der Moolen but was now investigating
whether floor traders "traded ahead" of customer orders.  On
news of this, Van der Moolen ADRs fell 4.4% or $0.62 per share
to close at $ 13.35 per share.

Lastly, on October 16, 2003, the NYSE announced that the NYSE
Enforcement Division had decided to bring disciplinary action
against Van der Moolen and the other specialist firms.  
Additionally, the NYSE stated that for the three-year period
ended December 31, 2002, Van der Moolen disadvantaged customers
who entered orders via the NYSE's Designated Order Turnaround
System (DOT) through alleged "interpositioning" resulting in
losses to customers of approximately $10 million.  

In the case of such alleged "interpositioning" Van der Moolen is
believed to have traded unnecessarily as dealer with DOT orders
on one side of the market, and then immediately traded with DOT
orders on the opposite side, at a profit to the specialist.  The
NYSE further stated that Van der Moolen's illegal actions
resulted in additional losses to customers of approximately $25
million.  In these alleged "one-sided trading" cases, the
specialist is believed to have traded unnecessarily, as dealer,
on one side of the market only, at a price level where one or
more DOT orders could have traded instead. News of this shocked
the market.  Van der Moolen ADRs fell 14.7% or $1.56 per share
to close at $9.05 per share on extremely high volume.

For more details, contact Marc A. Topaz or Stuart L. Berman by
Phone: 1-888-299-7706 or 1-610-667-7706, or by E-mail:
info@sbclasslaw.com.


VERTEX PHARMACEUTICALS: Schiffrin Barroway Lodges Lawsuit in MA
---------------------------------------------------------------
Schiffrin & Barroway LLP initiated a securities class action in
the United States District Court for the District of
Massachusetts, on behalf of all persons who purchased publicly
traded securities of Vertex Pharmaceuticals, Inc. (NASDAQ:VRTX)
between March 27, 2000 and September 24, 2001, inclusive against
Vertex Pharmaceuticals, Inc. and certain of its officers and
directors.

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.  Vertex is a global biotechnology
company focused on the discovery, development and
commercialization of breakthrough drugs for a range of serious
diseases.  

The complaint alleges that during the Class Period, defendants
artificially inflated the price of Vertex stock by concealing
critical material information regarding its p38 mitogen-
activated protein kinase ("MAPK") program, for Vertex
development compound VX-745.

The following facts which were known by each of the defendants
during the Class Period, but were concealed from the investing
public, were as follows:

     (1) that p38 MAPK has a varied tissue distribution and is
         implicated not only in inflammation and arthritis, but
         also in cellular models for neuronal differentiation
         and effects, presenting multiple targets and
         significant drug design challenges, which defendants
         knew from well before the beginning of the Class
         Period;

     (2) that small, highly lipophilic molecules designed as
         inhibitors of p38 MAPK are at great risk of crossing
         the blood-brain barrier and of causing neuronal
         effects;

     (3) that defendants already knew or should have known what
         constituted an acceptable absorption, distribution,
         metabolism and excretion ("ADME") profile for p38 MAPK
         inhibitors targeting inflammation and arthritis, as
         opposed to inhibitor targets for neuronal effects,
         particularly the desired molecular weight and
         lipophilicity, as well as the correlation of
         lipophilicity with the potential for p38 MAPK related
         neuronal effects;

     (4) that defendants knew or should have known, as early as
         1998, of the importance of lipophilicity in the design
         of p38 MAPK inhibitors, since they had designed at
         least one other class of potential inhibitory molecules
         targeting p38 MAPK, possessing significantly lower
         lipophilicity;

     (5) that VX-745, a potential pe8 MAPK inhibitor intended to
         target inflammatory disease, asthma, crohn's disease
         and rheumatoid arthritis, was exceptionally lipophilic
         and thus would be predicted to cross the blood-brain
         barrier and thus to cause neuronal effects;

     (6) that once clinical testing of VX-745 had commenced,
         defendants quietly continued the preclinical testing of
         VX-745 in secret, despite public assurances that they
         would not commence clinical development until all
         preclinical studies were completed;

     (7) that defendants purposefully delayed the announcement
         of renewed long-term preclinical studies of VX-745 in
         animals until announcement of study results to avoid
         connection of the need for the renewed studies with the
         October 2000 disclosure of defendants' problems with
         the Vertex first-generation drug candidate selection
         process;

     (8) that the announcement of the unsuitability of VX-745 as
         a drug candidate was similarly delayed until two months
         after completion of the merger with Aurora Biosciences
         Corp.; and

     (9) that the failure to disclose the defective nature of
         the VX-745 program, including but not limited to
         physical and chemical properties, ADME profile, tests,
         experiments and preclinical and clinical studies, would
         prevent investors and Aurora Biosciences Corp.
         shareholders from learning the extent of the
         misrepresentations made to them during the Class
         Period.

The announcement on September 24, 2001 of the termination of the
VX-745 drug development program caused Vertex's stock price to
drop to as low as $17.74 from its Class Period high of $97.25,
on record volume of over 9.8 million shares, causing hundreds of
millions of dollars in damages to members of the Class.

For more details, contact Tzivia Brody by Mail: 6 East 45th
Street, New York, NY 10017 by Phone: 1-800-337-4983 by E-mail:
SSBNY@aol.com or visit the firm's Website: http://www.ssbny.com


                       *********

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

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

                        *********


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

Class Action Reporter is a daily newsletter, co-published by
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Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland
USA.  Enid Sterling, Roberto Amor, Aurora Fatima Antonio and
Lyndsey Resnick, Editors.

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

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