Accounting Improprieties Alleged Against Sunstar, Says the Law Firm of Pomerantz Haudek Block Grossman & Gross LLP.Business & Legal Editors NEW YORK--(BUSINESS WIRE)--Feb. 29, 2000 2000--The following is an announcement by the law firm of Pomerantz Haudek Block Grossman & Gross LLP LLP - Lower Layer Protocol : Sunstar Healthcare, Inc. ("Sunstar" or the "Company") (Nasdaq:SUNS) allegedly misrepresented the company's publicly reported revenue and earnings to investors through a series of financial statements and press releases. In particular, Sunstar reportedly stated that it had experienced increasing revenues, lower costs, and substantially improved enrollment figures. However, the company's rapid growth was reportedly the function of a concerted effort to understate un·der·state v. un·der·stat·ed, un·der·stat·ing, un·der·states v.tr. 1. To state with less completeness or truth than seems warranted by the facts. 2. its reserves in a manner designed to create artificial profits, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. allegations in a complaint filed by Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) on behalf of all those who purchased the securities of Sunstar during the period between November 13, 1998 and December 14, 1999, inclusive (the "Class Period"). According to the complaint, the Florida Department Florida is a department (departamento) of Uruguay. Population and Demographics As of the census of 2004, there were 68,181 people and 21,938 households in the department. The average household size was 3.1. For every 100 females, there were 100.4 males. of Insurance ("DOI (Digital Object Identifier) A method of applying a persistent name to documents, publications and other resources on the Internet rather than using a URL, which can change over time. ") commenced an action alleging significant deficiencies in Sunstar's financial condition. In particular, the DOI action alleged that Sunstar's capital reserves were inadequate in an amount exceeding $9 million and the Company was engaged in other inappropriate activities, including the intentionally slow payment of claims. If you purchased Sunstar securities during the Class Period, you have until April 10, 2000 to ask the Court to appoint you as one of the lead plaintiffs for the Class. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions, please contact Andrew G Andrew Jonas Günsberg (born 1974), popularly known as Andrew G, is an Australian television and radio presenter who is best known as the co-host of the reality series Australian Idol. He was also the compere of Network Ten's game show The Con Test. . Tolan, Esq. of the Pomerantz firm at 888-476-6529 (or (888) 4-POMLAW), toll free, or at agtolan@pomlaw.com by e-mail. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. |
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