Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Anchor Glass Container Corporation HARTFORD, Conn., Dec. 14 /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 Middle District of Florida on behalf of all persons who purchased the publicly traded securities of Anchor Glass Container Corporation (NasdaqNM: AGCC) ("Anchor Glass Container") between September 25, 2003 and November 4, 2004 (the "Class Period"), including anybody who acquired shares in the September 25, 2003 Initial Public Offering ("IPO"). The Complaint alleges that Anchor Glass Container violated federal securities laws by issuing false or misleading public statements. Specifically, the Complaint alleges that Anchor Glass Container's statements touting its increasing sales and profitability were false or misleading because its production far exceeded demand, the market was flooded with its inventory, and one of its main production facilities, the Connellsville facility, was materially impaired. On November 5, 2004, Anchor Glass Container announced a greater than expected loss, a company-wide revamping, the suspension of the quarterly dividend, and the sudden resignation of CEO Richard Deneau. In response to this news, Anchor Glass Container fell from a close of $7.94 per share on November 4, 2004, to close at $5.80 per share on November 5, 2004. If you are a member of the class, you may, no later than sixty days from the first notice of suit, 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/

Copyright