PLB American Italian Pasta

Investor Deadline: October 11, 2005 is the Last Day to Join Shareholder Class Action as a Potential Lead Plaintiff Goldman Scarlato & Karon, P.C., a law firm with offices in Pennsylvania and Ohio, announces that a lawsuit has been filed in the United States District Court for the Western District of Missouri, on behalf of persons who purchased or otherwise acquired publicly traded securities of American Italian Pasta Company ("Pasta" or the "Company") (NYSE:PLB) between October 4, 2000 and August 9, 2005, inclusive, (the "Class Period"). The lawsuit was filed against Pasta and Timothy S. Webster, David B. Potter, Jerry H. Dear, Warren B. Schmidgall, George D. Shadid and Horst W. Schroeder ("Defendants"). The Deadline to move for Lead Plaintiff is October 11, 2005. If you are a member of this class and wish to view a copy of a complaint and join this class action, please e-mail us at penny@gsk-law.com and request a copy of the complaint and a plaintiff certification. If you are a member of the Class, you may move the Court no later than October 11, 2005 to serve as a lead plaintiff for the Class. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. However, if you choose to remain an absent class member, unless and until a class is certified, you are not represented by counsel. The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges that The Company failed to disclose or misrepresented that the Company failed to properly expense $6.6 million in promotional allowances and deduction receivables, that the Company failed to take timely write-downs for spare parts inventory, that the Company maintained inadequate reserves for slow moving, damaged, and discontinued inventories, the Company failed to record $1.9 million in certain fixed asset retirements, and that as a result the Company's financials were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). On August 9, 2005, after the market closed, Pasta announced a $60.7 million charge and an SEC inquiry into the Company's results. Specifically, the Company stated the SEC was investigating it for unspecified restatements and for transactions in the Company's stock by outsiders in late 2004 and early 2005, for which the Company had received inquiries from the New York Stock Exchange and the Philadelphia Stock Exchange. In addition, the Audit Committee of Pasta is conducting an internal investigation of certain accounting procedures. If you bought Pasta securities between October 4, 2000 and August 9, 2005, inclusive, and would like to obtain information about the lawsuit, then you are invited to call (888) 753-2796 to speak with an advisor.