MILWAUKEE, Dec. 18, 2001 (PRIMEZONE) -- The law firm of Ademi & O'Reilly, LLP announces an investigation of possible securities violations against TALX Corporation (Nasdaq:TALX) for material misrepresentations and omissions.
Commencing April 25, 2001 and continuing until October 1, 2001, TALX made several representations about the viability and value of its customer services software business without disclosing significant accounting overstatements of capitalized network software costs. On October 1, 2001, TALX announced that it would take a one-time charge of $2.8 million, two-thirds of which related to a write-off of capitalized software costs. The write-down resulted in TALX losing more than $400,000 for the quarter ended September 30, 2001.
If you purchased shares of common stock of TALX between April 25, 2001 and October 1, 2001, you may have been damaged by TALX's failure to accounting overstatements with respect to its customer services software business. For more information with respect to our investigation, or if you have information to provide us, please contact Ademi & O'Reilly, LLP, toll free: (866) 264-3995; fax number (414) 482-8001 or e-mail: TALX@ademilaw.com.
Ademi & O'Reilly is active in major litigation pending in federal and state courts throughout the United States, including securities suits against ShopKo Stores, Inc., Van Wagoner Emerging Growth Fund, APW, Ltd. and other pending securities cases.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.