DALLAS, June 24, 2005 (PRIMEZONE) -- The law firm of Baron & Budd, P.C. hereby provides notice that a class action lawsuit has been filed on behalf of purchasers of United American Healthcare Corporation (Nasdaq:UAHC) ("United American" or the "Company") securities during the period between May 26, 2000 and April 22, 2004, inclusive (the "Class Period").
The Complaint alleges that the Defendants violated Sections 10(b) and 20(a) of the Securities and Exchange Act by failing to disclose United American's improper business and financial relationship with a legislator having oversight of the Company's Healthplan. The Complaint states that the relationship with the legislator was in violation of United American's contract with Tennessee and has caused the State of Tennessee to place United American's Healthplan under administrative supervision. Because of this relationship, investors could not correctly assess the extent to which the Company's financial results were dependent upon the improper political payments being made.
If you acquired the securities of United American Healthcare Corporation during the Class Period and meet certain legal requirements, you may, no later than July 26, 2005, move for appointment as lead plaintiff on behalf of the proposed class.
If you are a member of this class and would like to take action in this suit, please visit Baron & Budd online (http://www.securitiesactions.com). Information on your legal rights can be obtained by contacting the law firm of Baron & Budd, P.C.
About Baron & Budd, P.C.
Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 70 attorneys and offices in Texas, Illinois, Ohio, Louisiana, and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiff's bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia caused by benzene; injuries caused by other toxic substances and unsafe pharmaceuticals; water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers in class actions. For more information on the firm, call 1-800-222-2766 or visit www.baronandbudd.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.