LITTLE ROCK, Ark., Aug. 26, 2004 (PRIMEZONE) -- On August 5, 2004, a securities fraud class action lawsuit was filed in the Southern District of Florida against Cross Country Healthcare, Inc. (Nasdaq:CCRN). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of concealing the demand for the Company's services to the market which had the effect of artificially inflating the market price. The complaint further alleges Cross Country Healthcare, Inc. concealed from the investing public that the Company was experiencing problems with staffing orders for temporary nurses and orders were abruptly cancelled by hospitals, which if this information was disclosed to the investing public, would have a materially negative impact on the Company's stock price. The Class Period is from October 25, 2001 through August 6, 2002, and the Class included purchasers of Cross Country securities during the Class Period.
Plaintiff in the action seeks to recover damages on behalf of the Class. If you purchased Cross Country securities from October 25, 2001 through August 6, 2002, you may move the Court no later than sixty (60) days from August 5, 2004, to serve as a Lead Plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this suit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:
EMERSON POYNTER LLP Investor Relations Department Ms. Tanya Autry or Scott E. Poynter 2228 Cottondale Ln., Suite 100 Little Rock, AR 72202 Toll-Free: 1-800-663-9817 email: info@emersonpoynter.com
More information on this and other class actions can be found on the Class Action Newsline at http://www.primezone.com/ca