Schatz & Nobel, P.C. Announces Class Action Against American Italian Pasta Company

HARTFORD, Conn., Aug. 16  /PRNewswire/ -- 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 Western District of Missouri on behalf of all persons who purchased the common stock of American Italian Pasta Company (NYSE:PLB) ("AIPC") between October 25, 2000 and August 9, 2005 (the "Class Period").

The Complaint alleges that AIPC violated federal securities laws by issuing financial statements that did not conform to Generally Accepted Accounting Principles (GAAP).  On August 9, 2005, AIPC announced a $60.7 million accounting charge and a Securities and Exchange Commission ("SEC") inquiry.  AIPC stated that the SEC was investigating it for various unspecified financial restatements and for transactions of the company's stock by outsiders in late 2004 and early 2005.  AIPC also stated that its Audit Committee was conducting an internal investigation.  On this news, AIPC stock fell from a close of $20.94 per share on August 9, 2005, to close at $13.28 per share on August 10, 2005.

If you are a member of the class, you may, no later than October 11, 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).

While Schatz & Nobel has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, class action cases in general, and your rights, please contact Schatz & Nobel toll-free at [phone], or by e-mail at , or visit our website: http://www.snlaw.net/.

   CONTACT:
   Wayne T. Boulton or Nancy A. Kulesa
   Tel.: [phone]
   Website: http://www.snlaw.net/
   e-mail: 

DATASOURCE: Schatz & Nobel, P.C.



CONTACT:  Wayne T. Boulton or Nancy A. Kulesa of Schatz & Nobel,

[phone], 



Web site:  http://www.snlaw.net/

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