Scott + Scott, LLC Files Suit Against Dynacq Healthcare, Inc. (DYII or DYIIE), and its Officers and Directors

Share Name	Share Symbol	Market	Type
Dynacq International (MM)	NASDAQ:DYIIE	NASDAQ	Ordinary Share

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NASDAQ:DYIIE

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Scott + Scott, LLC Files Suit Against Dynacq Healthcare, Inc. (DYII or DYIIE), and its Officers and Directors

05/01/2004 5:08pm

PR Newswire (US)

Dynacq (NASDAQ:DYIIE)
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Scott + Scott, LLC Files Suit Against Dynacq Healthcare, Inc. (DYII or DYIIE), and its Officers and Directors Its Auditor, Ernst & Young, resigned as the SEC began an informal probe CHAGRIN FALLS, Ohio, Jan. 5 /PRNewswire/ -- Scott + Scott, LLC announces that a class action was commenced on December 29, 2003, in the United States District Court for the Southern District of Texas (H 03-5868) on behalf of all persons who purchased the securities of Dynacq Healthcare, Inc. or (Nasdaq: DYIIE ("Dynacq") between January 14, 2003 and December 16, 2003 inclusive (the "Class Period"). Plaintiff seeks to pursue all remedies available under the United States securities laws. Dynacq develops and operates hospitals focusing on certain surgical specialties. The complaint charges certain of its officers and directors with violations of the federal securities laws (Securities Exchange Act of 1934). On December 2, 2003, the company announced that, as part of the SEC's routine review of public companies, a division of the SEC had "commented upon" the company's public filings. As a result, Dynacq asked for an automatic 15-day extension to file its 10-K for its fiscal year which ended August 31, 2003. Two weeks later, Dynacq announced it would further postpone its filing. Ten days later, its auditor, Ernst & Young, resigned and the SEC began an informal inquiry of the company's accounting. Also that day, Dynacq revealed that it would be delisted from NASDAQ due to untimely filed yearly reports. The stock collapsed from $8.95 on December 18 to $4.09 the next day. If you would like to discuss this matter, or any related matter with an attorney, you can contact Neil Rothstein, Esq. at (619) 251-0887 or e-mail him at . You can reach our firm in California at (800) 332-2259 or in Connecticut at (800) 404-7770. Scott + Scott, LLC, a Connecticut-based law firm with offices in Chagrin Falls, Ohio (Cleveland-Akron) and San Diego, California, is a law firm with a national practice and reputation. The firm is currently litigating major securities, antitrust and employee retirement plan cases throughout the United States and represents funds, charities, foundations, individuals and other entities nationwide both as class cases and non-class cases. DATASOURCE: Scott + Scott, LLC CONTACT: Neil Rothstein of Scott + Scott, LLC, +1-619-251-0887,

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DYIIE Dynacq International (MM)