Law Offices of Lionel Z. Glancy Files Class Action Lawsuit Against Champion Enterprises Inc

Business Wire, August 27, 1999

LOS ANGELES--(BUSINESS WIRE)--Aug. 26, 1999--

Pursuant to Section 21(D)(A)(3)(a)(i) of the Securities Exchange Act of 1934, Notice is hereby given that a Class Action has been commenced in the United States District Court for the Eastern District of Michigan on behalf of a class (the "Class") consisting of all persons who purchased the common stock of Champion Enterprises Inc. ("Champion") (NYSE:CHB) between March 30, 1999 and July 29, 1999, inclusive (the "Class Period").

The Complaint charges Champion and its Chief Executive Officer with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and the dissemination of materially false and misleading statements regarding the nature of Champion's inventory problems drove Champion's stock price to a Class Period high of $21.0625 per share and low of $13.50 per share, inflicting enormous damages on investors. Plaintiff seeks to recover damages on behalf of Class members and is represented by the Law Offices of Lionel Z. Glancy which has significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.

Members of the Class described above may move the Court, not later than 60 days from August 26, 1999, to serve as lead plaintiff, however, they must meet certain legal requirements. To discuss this action or ask any questions concerning this Notice or class member rights or interests with respect to these matters, contact Lionel Z. Glancy, Esquire, of the Law Offices of Lionel Z. Glancy, 1801 Avenue of the Stars, Suite 311, Los Angeles, Calif. 90067, by telephone, toll-free, at 888/773-9224 or by e-mail to info@glancylaw.com or mgoldberg@glancylaw.com.