SOURCE: Brower Piven, A Professional Corporation

August 12, 2008 14:19 ET

Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Reddy Ice Holdings, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the October 7, 2008 Lead Plaintiff Deadline

BALTIMORE, MD--(Marketwire - August 12, 2008) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan on behalf of purchasers of the common stock of Reddy Ice Holdings, Inc. ("Reddy Ice" or the "Company") (NYSE: FRZ) during the period between August 10, 2005 and March 6, 2008, inclusive (the "Class Period").

The complaint charges Reddy Ice and certain of its officers and directors with violations under the Securities Exchange Act of 1934 due to the Company withholding from investors that Reddy Ice violated United States antitrust laws and recognized significant revenues as the result of such illegal activities. As alleged in the complaint, after Reddy Ice announced, on March 6, 2008, that "federal officials executed a search warrant at the Company's corporate office in Dallas" the day before, the value of Reddy Ice shares declined.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than October 7, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through or 410/332-0030) to answer any questions you may have in that regard.

If you have suffered a net loss for all transactions in Reddy Ice common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at, by email at, by calling 410-332-0030, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

    Charles J. Piven
    Brower Piven, A Professional Corporation
    Baltimore, Maryland
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