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Class Action Lawsuit Filed Against Apria Healthcare Group.


NEW YORK--(BUSINESS WIRE)--April 14, 1998--To All Persons or Institutions Who Acquired Apria Healthcare Group Common Stock Between April 30, 1997 and March 11, 1998:

On April 9, 1998, a shareholder securities class action lawsuit class action lawsuit

A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax
 was filed by the law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 of Schoengold & Sporn, P.C. and Berman, DeValerio, Pease pease  
n. pl. pease or peas·en Archaic
A pea.



[Middle English; see pea.
 & Tabacco in the Federal District Court for the Central District of California against Apria Healthcare Group, Inc. ("Apria" or the "Company"), Jeremy M. Jones (former Chairman, and Chief Executive Officer of Apria) and Lawrence M. Smallen (former Vice-President and Chief Financial Officer of Apria), Index Number SACV-98-349 GLT GLT Gestion Logistique et Transport (French)
GLT Global Leadership Team
GLT Golden Lion Tamarin
GLT Großladungsträger (German)
GLT Guided Light Transit
GLT Grundlagentraining
 (EEx), on behalf of purchasers of the common stock of Apria who bought stock in the open market from April 30, 1997 to March 11, 1998, inclusive.

The securities class action complaint charges the defendants engaged in a common plan and scheme to defraud To make a Misrepresentation of an existing material fact, knowing it to be false or making it recklessly without regard to whether it is true or false, intending for someone to rely on the misrepresentation and under circumstances in which such person does rely on it to his or  by violating the federal securities laws (Sections 10 and 20(a) of the Securities Exchange Act of 1934), by among other things, misrepresenting and/or omitting material information concerning operations, products and performance of the Company, including but not limited to the recognition of at least $16.7 million of revenue even though the earnings process was not complete and collection was not reasonably assured, thereby artificially inflating the price of Apria common shares during the Class Period.

Plaintiffs seek to recover damages on behalf of class members, and are represented by the law firms of Schoengold & Sporn, P.C., 233 Broadway, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, New York 10279, Tel. 212-964-0046, Fax: 212-267-8137, E-Mail: SCHOENGOLD@AOL.COM, and Berman, DeValerio, Pease & Tabacco, 425 California Street, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation).

The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 
 94104, Tel. 415-433-3200, Fax. 415-433-6382, E-Mail: BDPTLAW@AOL.COM, who have extensive experience and expertise prosecuting class actions on behalf of investors and shareholders. Schoengold & Sporn, P.C. began specializing in shareholder class and derivative securities Derivative security

A financial security such as an option or future whose value is derived in part from the value and characteristics of another security, the underlying asset.
 litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 in 1968, and courts have long noted the firm's experience and ability in complex securities litigation.

Schoengold & Sporn, P.C. has been a lead counsel, co-lead counsel, or a member of an Executive Committee in many complex securities class actions, including the well-known Wedtech case (member of Executive Committee), wherein the settlement was reported in The Wall Street Journal of February 10, 1992 as a:

"$77.5 million settlement ... reached in a securities fraud case

stemming from the Wedtech scandal The Wedtech Scandal was the name of an American political scandal that came to light in the late 1980s involving the Wedtech Corporation.

The company had been founded in Bronx County, New York by a Puerto Rican immigrant named John Mariotta, and originally manufactured baby
 ... The settlement with 29

defendants ... is believed to be one of the largest ever in a

civil securities fraud case... `This is a global settlement,' said

Samuel Sporn, a plaintiffs attorney at the New York law firm

Schoengold & Sporn. Mr. Sporn said the settlement represents

almost half of the more than $160 million in stocks and bonds that

Wedtech sold to the public between 1983 and 1986."

If you are a member of the class described above, you may seek to join in the above the class action, or, no later than May 4, 1998, move the Court to serve as lead plaintiff.

If you have any questions regarding this action, or wish to join in this matter or discuss your rights or interests in this matter, you may call collect or otherwise contact the undersigned un·der·signed  
adj.
1. Having signatures or a signature at the bottom or end. Used of documents.

2. Signed or having signed at the bottom or end of a document:
:

Schoengold & Sporn, P.C. Berman, DeValerio, Pease & Tabacco

Samuel P. Sporn, Esq. Joseph J. Tabacco, Jr., Esq.

Joel P. Laitman, Esq. 425 California St.

Christopher Lometti, Esq. San Francisco, California 94104

Jay P. Saltzman, Esq. Tel. (415) 433-3200

233 Broadway Fax. (415) 433-6382

New York, New York 10279 E-Mail: BDPTLAW@AOL.COM

Tel: (212) 964-0046

Fax: (212) 267-8137

E-Mail: SCHOENGOLD@AOL.COM

CONTACT: Schoengold & Sporn, P.C., New York

Samuel P. Sporn/Joel P. Laitman,

Tel: 212/964-0046, Fax: 212/267-8137

e-mail: SCHOENGOLD@AOL.COM

or

Berman, DeValerio, Pease & Tabacco, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  

Joseph J. Tabacco

Tel: 415/433-3200, Fax: 415/433-6382

e-mail: BDPTLAW@AOL.COM
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 14, 1998
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