SOURCE: Stull, Stull & Brody

July 26, 2005 17:00 ET

Stull, Stull & Brody Announces Class Action Against ConAgra Foods, Inc.

NEW YORK, NY -- (MARKET WIRE) -- July 26, 2005 -- Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York, on behalf of all persons who purchased the common stock of ConAgra Foods, Inc. ("ConAgra") (NYSE: CAG) between September 18, 2003 and June 7, 2005, inclusive (the "Class Period").

The complaint alleges that ConAgra violated federal securities laws by issuing materially false financial statements. On March 24, 2005, ConAgra announced that it would be restating its financial statements for fiscal 2002 through the first half of fiscal 2005 due to improper accounting for income taxes. On June 7, 2005, ConAgra also announced that its fiscal 2005 fourth quarter would be lower than expected primarily due to continued weak profitability in its packaged meats operations.

If you acquired ConAgra securities between September 18, 2003 and June 7, 2005, you may, no later than August 22, 2005, request the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in both New York and Los Angeles.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

Contact Information

  • Stull, Stull & Brody
    Tzivia Brody, Esq.
    1-800-337-4983
    Email Contact
    fax 212/490-2022

    6 East 45th Street
    New York, NY 10017