Strategies & Market Trends : Prison Realty Trust (NYSE: PZN)

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To: rrufff who wrote (18)6/28/1999 2:27:00 PM
From: Spark   of 23
Notice to Investors of ALYD, PZN, CCA, CAND and AIRB Concerning Shareholder Lawsuits By Berman, DeValerio & Pease LLP
PR Newswire - June 25, 1999 14:14

BOSTON, June 18 /PRNewswire/ -- Berman, DeValerio & Pease LLP, a law firm specializing in representing shareholders in class action lawsuits for almost twenty years, issues the following press release: If you purchased the securities of any of the companies listed below, you may be a member of the class and should consider contacting Berman, DeValerio & Pease, LLP to learn about your rights and interests in the case. You can contact the firm at (800) 516-9926 or visit their website at


Alydaar Software Corp. is charged with overstating its publicly reported revenues and earnings during the period November 14, 1997 through April 1, 1999. If you purchased Alydaar Software common stock during this period you may be part of the lawsuit.


Candies, Inc. and certain of its officers allegedly overstated the company's publicly reported revenues and earnings during the May 28, 1997 through May 12, 1999 class period. If you purchased Candies common stock during this period, you may be included in the action.


Prison Realty Trust, Inc., which was formed in a merger between Corrections Corporation of America and Prison Realty, revealed on May 14, 1999, that it would be retroactively increasing the amount of fees it paid to CCA, which is owned by, among others, certain officers of CCA, by approximately $80 million to manage certain real estate for Prison Realty. It is charged that Prison Realty Trust knew of these additional fees and failed to disclose them at the time of the merger. If you (1) purchased CCA common stock during the period October 16, 1998 or converted your shares of CCA into Prison Realty Trust in the January 1, 1999 merger or (2) purchased Prison Realty Trust common stock in the market from January 4, 1999 through May 14, 1999 you may be included in the action.


In early 1999, Select Comfort was informed that its consumer finance company, which provided financing for more than 50% of Select Comfort's sales, would be tightening its credit standards. Select Comfort failed to disclose this material fact nor the negative impact this would have on sales. Upon disclosure, Select Comfort's stock plunged 43%. If you purchased Select Comfort common stock during the period January 25, 1999 through June 7, 1999 you may be included in the action.

Berman, DeValerio & Pease is one of the nation's leading firms in representing investors in securities class action lawsuits and has substantial experience in prosecuting class actions. The firm has been appointed lead counsel in many major shareholder lawsuits pending throughout the country. The firm prides itself on its responsiveness to shareholders and their needs in particular cases.

If you are an investor in any of the actions listed above, or have any questions about any securities class action, please contact the firm at (800) 516-9926. Ask to speak to one of the attorneys handling the case you are seeking information about, or you may speak to Norman Berman, Esq. or Jeffrey C. Block, Esq., or you can also write to the firm at One Liberty Square, Boston, MA 02109, send the firm a facsimile at (617) 542-1194 or send the firm an e-mail at

SOURCE Berman, DeValerio & Pease LLP

/CONTACT: Norman Berman, Esq. or Jeffrey C. Block, Esq. of Berman,
DeValerio & Pease LLP, 617-542-1194,

/Web site:
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