CKC Collins & Aikman Corp

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Collins & Aikman Corp. HARTFORD, Conn., April 6 /PRNewswire-FirstCall/ -- 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 Eastern District of Michigan on behalf of all persons who purchased the publicly traded securities of Collins & Aikman Corp. (NYSE:CKC) ("Collins & Aikman") between May 6, 2004 and March 17, 2005 (the "Class Period"). The Complaint alleges that Collins & Aikman violated federal securities laws by issuing false or misleading public statements. Specifically, the Complaint alleges that Collins & Aikman's financial statements improperly accounted for vendor rebates. On March 17, 2005, Collins & Aikman announced that after reviewing vendor rebates from fiscal years 2002 through 2004, net adjustments of approximately $10 -- $12 million are now required. On this news, shares of Collins & Aikman fell from a close of $1.63 on March 16, 2005, to close at $1.24 per share on March 17, 2005. If you are a member of the class, you may, no later than June 6, 2005, 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 Complaint initiating the class action, which was not filed by Schatz & Nobel, or for more information about this case, class action cases in general, or Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton or Nancy Kulesa Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton or Nancy Kulesa, +1-800-797-5499, , both of Schatz & Nobel, P.C. Web site: http://www.snlaw.net/

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