Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Shurgard Storage Centers, Inc.
January 20 2005 - 6:09PM
PR Newswire (US)
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against
Shurgard Storage Centers, Inc. HARTFORD, Conn., Jan. 20
/PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has
significant experience representing investors in prosecuting claims
of securities fraud, announces that a lawsuit seeking class action
status has been filed in the United States District Court for the
Western District of Washington on behalf of all persons who
purchased the publicly traded securities of Shurgard Storage
Centers, Inc. (NYSE:SHU) ("Shurgard") between May 9, 2001 and March
26, 2004 (the "Class Period"), including purchasers in the July 10,
2003 and June 25, 2002 stock offerings and the March 24, 2003 debt
offering. The Complaint alleges that Shurgard violated federal
securities laws by issuing false or misleading public statements.
On May 17, 2004, Shurgard announced that it was restating its
financial results after a re-audit of its financial statements for
the years ended December 31, 2001 and 2002 and for the first three
quarters of 2003. Shurgard indicated that its new auditors,
PricewaterhouseCoopers, had identified accounting errors impacting
prior periods which had to be restated. If you are a member of the
class, you may, no later than March 21, 2005, request that the
Court appoint you as lead plaintiff of the class. A lead plaintiff
is a class member that acts on behalf of other class members in
directing the litigation. Although your ability to share in any
recovery is not affected by the decision whether or not to seek
appointment as a lead plaintiff, lead plaintiffs make important
decisions which could affect the overall recovery for class
members, including decisions concerning settlement. The securities
laws require the Court to consider the class member(s) with the
largest financial interest as presumptively the most adequate lead
plaintiff(s). For more information about the case, its claims, and
your rights, please contact Schatz & Nobel toll-free at (800)
797-5499, or by e-mail at . To view a copy of the lawsuit
initiating the class action, or for more information about class
action cases and Schatz & Nobel, please visit our website:
http://www.snlaw.net/. CONTACT: Wayne T. Boulton Tel.: (800)
797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz
& Nobel, P.C. CONTACT: Wayne T. Boulton of Schatz & Nobel,
+1-800-797-5499, Web site: http://www.snlaw.net/
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