Share Holders File Class Action Lawsuit Against Huffy

HARTFORD, CN (BRAIN)--The law firm of Schatz & Nobe filed a class action lawsuit on behalf of all persons who purchased the publicly traded securities of Huffy between April 16, 2002 and August 13, 2004. The lawsuit was filed in the United States District Court for the Southern District of Ohio.

The suit alleges that Huffy violated federal securities laws by issuing false or misleading public statements. In addition, Huffy's positive statements concerning its growth and long-term prospects were false and misleading because Huffy was experiencing problems integrating the McCalla and Gen-X acquisitions. And Huffy's Canadian operations were engaged in improper accounting practices, legacy costs associated with discontinued operations were continuing to mount and Huffy's financial condition was dramatically eroding such that it was approaching insolvency.

If you are a member of the class, you may, no later than March 25, 2005, request that the Court appoint you as lead plaintiff of the class. The securities laws require the Court to consider the class members with the largest financial interest as presumptively the most adequate lead plaintiffs. For more information about the case contact Schatz & Nobel at (800) 797-5499.