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1
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Government Exhibit # 1ST CONSOLIDATED AMENDED CLASS ACTION COMPLAINT
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EXTRACTED KEY WORDS
FINANCIALS COMMON PLAINTIFFS DEFENDANTS CAREER SALES REPORT SECURITIES CLASS PERIOD ACCOUNTING PARAGRAPHS COMMON STOCK INSURANCE CLASS ACTION ASSETS CAREER SALES DIVISION PENNCORP FINANCIAL GROUP UBI UNDERSTATEMENTS ACQUISITION LIFE INSURANCE MATERIALLY FALSE PURCHASED PENNCORP DISABILITY MISLEADING INVESTMENT STOCK PRICE PUBLIC FILINGS OVERSTATEMENTS DEFERRED POLICY ACQUISITION |
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
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IN RE PENNCORP : Master Document No.
FINANCIAL GROUP, INC. : 98 Civ. 5998 (LAP)
SECURITIES LITIGATION :
---------------------------------------------x FIRST
CONSOLIDATED
AMENDED
THIS DOCUMENT RELATES TO: : CLASS ACTION COMPLAINT
ALL ACTIONS :
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INTRODUCTION
1. Plaintiffs, by their undersigned attorneys, for their
class action complaint, allege the claims set forth herein.
Plaintiffs' claims as to their own actions, as set forth in
paragraphs 22-37 below, are based upon personal knowledge. All
other allegations are based upon the investigation of counsel,
which investigation included a review of the public filings with
the Securities and Exchange Commission (the "SEC") made by
PennCorp Financial Group, Inc. ("PennCorp" or the "Company"),
securities analysts reports about the Company, press releases
issued by the Company, media reports about the Company and
discussions with an accounting consultant and other individuals
familiar with the operations of PennCorp. Based upon such
investigation, plaintiffs believe that substantial evidentiary
support exists for the allegations set forth herein.
2. This action is brought on behalf of all purchasers of
PennCorp Financial Group, Inc. ("PennCorp" or the "Company")
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