[an error occurred while processing this directive]

printer version

SRI settlement cost it $1.9-million

By KRIS HUNDLEY, Times Staff Writer
© St. Petersburg Times
published February 3, 2003

SRI/Surgical Express Inc. of Tampa boasted in a press release last week that it had settled all outstanding shareholder lawsuits stemming from a restatement of earnings in late 2001.

While the release said the total settlement would be covered by SRI's insurers, it left out one teensy little detail: the amount of the agreement.

Two days later, after newspapers had reported SRI's skimpy announcement, the company filed a more complete disclosure with the Securities and Exchange Commission. SRI, which supplies hospitals with surgical supplies, will pay $1.9-million to settle the lawsuits while acknowledging no wrongdoing.

Still unknown: what chunk of that $1.9-million will go to shareholders' lawyers. But people who bought SRI's stock between March 30, 2001, and April 1, 2002, might look for a few pennies in the mail.

[an error occurred while processing this directive]

Back to Business
[an error occurred while processing this directive]
  • Meltdown
  • A welcome change to welcome centers?
  • Hotels' temporary cutbacks could linger
  • Shuffling the Bucs' supermarket lineup
  • SRI settlement cost it $1.9-million
  • Sometimes it pays to listen to a sales pitch
  • Former Walter employees among mine's inspectors
  • Three question
  • Company notes
  • Profile: Peter Rodriguez Jr.
  • Climbing the ladder
  • AOL vice chairman to speak to forum
  • Game master: Shane Samole carries on his family's playful tradition
  • Solutions: Cost of free software is often poor support
  • Postings
  • Site Seeing
  • The Buzz: Thousands rush to claim CD settlement
  • Web offers images, sounds and words celebrating Black History Month
  • Video Game Reviews
  • Robert Trigaux: Five years after boy's death, parents still battle cruise line
  • [an error occurred while processing this directive]