Lawsuit filed against Shuffle Master

26 Jun 2007

PHILADELPHIA, Pennsylvania -- (PRESS RELEASE) -- The law firm of Berger & Montague, P.C. announces it has filed a class action lawsuit in the U.S. District Court for the District of Nevada on behalf of all purchasers of Shuffle Master, Inc. ("Shuffle Master" or the "Company") common stock (Nasdaq: SHFL) between December 22, 2006 and March 12, 2007, inclusive (the "Class Period").

On March 12, 2007, Shuffle Master shocked investors by revealing that the Company would have to restate its financial results for the fourth quarter and fiscal year ended October 31, 2006, due to defective internal controls that failed to catch sham transactions, including an inter-company transaction that took place on the last day of the fiscal year and was improperly booked as a profitable sale.

As a result of Shuffle Master's revelations, the price of its common stock dropped by 8%, or $1.56 per share.

The Complaint charges Shuffle Master and certain of its officers with violations of Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"). It alleges that those defendants violated federal securities laws by issuing materially false and misleading statements during the Class Period which resulted in artificially inflating the value of Shuffle Master's stock.

If you bought Shuffle Master stock between December 22, 2006 and March 12, 2007, you may, no later than August 3, 2007, request that the Court appoint you as lead plaintiff. A lead plaintiff serves as a representative party who acts on behalf of other class members in directing the litigation.

If you have sustained losses in Shuffle Master stock during the Class Period, please contact Berger & Montague, P.C. at investorprotect@bm.net for a more thorough explanation of the Lead Plaintiff selection process and the litigation.

The law firm of Berger & Montague, P.C. consists of over 60 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience representing institutions and other investor plaintiffs in class action securities litigation, playing lead roles in major cases over the past 30 years that have resulted in recoveries of billions of dollars to investors. The firm has represented investors as lead counsel in such leading securities actions as Rite Aid, Sotheby's, Waste Management, Sunbeam, Boston Chicken and IKON Office Solutions. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. For example:

"In short, it would be hard to equal the skill class counsel demonstrated here." In Re: Rite Aid Corporation Securities Litigation, MDL Docket No. 1360, Master File No. 99-1349 (E. D. Pa.) ($334 million settlement).

"Class counsel did a remarkable job in representing the class interests." In Re: IKON Office Solutions Securities Litigation, Civil Action No. 98-4286 (E. D. Pa.) (partial settlement for $111 million).

"... [Y]ou have acted the way lawyers at their best ought to act. And I have had a lot of cases ... In 15 years now as a judge and I cannot recall a significant case where I felt people were better represented than they are here ... I would say this has been the best representation that I have seen." In Re: Waste Management, Inc. Securities Litigation, Civil Action No. 97-C7709 (N.D. Ill.) (settled for $220 million).

If you purchased Shuffle Master stock during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact:

Todd S. Collins, Esq.

Douglas Risen, Esq.

Kimberly A. Walker, Investor Relations Manager

Berger & Montague, P.C.

1622 Locust Street

Philadelphia, PA 19103

Phone: 888-891-2289 or 215-875-3000

Lawsuit filed against Shuffle Master is republished from CasinoCityTimes.com.

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	Lawsuit filed against Shuffle Master 26 Jun 2007 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> PHILADELPHIA, Pennsylvania -- (PRESS RELEASE) -- The law firm of Berger & Montague, P.C. announces it has filed a class action lawsuit in the U.S. District Court for the District of Nevada on behalf of all purchasers of Shuffle Master, Inc. ("Shuffle Master" or the "Company") common stock (Nasdaq: SHFL) between December 22, 2006 and March 12, 2007, inclusive (the "Class Period"). On March 12, 2007, Shuffle Master shocked investors by revealing that the Company would have to restate its financial results for the fourth quarter and fiscal year ended October 31, 2006, due to defective internal controls that failed to catch sham transactions, including an inter-company transaction that took place on the last day of the fiscal year and was improperly booked as a profitable sale. As a result of Shuffle Master's revelations, the price of its common stock dropped by 8%, or $1.56 per share. The Complaint charges Shuffle Master and certain of its officers with violations of Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"). It alleges that those defendants violated federal securities laws by issuing materially false and misleading statements during the Class Period which resulted in artificially inflating the value of Shuffle Master's stock. If you bought Shuffle Master stock between December 22, 2006 and March 12, 2007, you may, no later than August 3, 2007, request that the Court appoint you as lead plaintiff. A lead plaintiff serves as a representative party who acts on behalf of other class members in directing the litigation. If you have sustained losses in Shuffle Master stock during the Class Period, please contact Berger & Montague, P.C. at investorprotect@bm.net for a more thorough explanation of the Lead Plaintiff selection process and the litigation. The law firm of Berger & Montague, P.C. consists of over 60 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience representing institutions and other investor plaintiffs in class action securities litigation, playing lead roles in major cases over the past 30 years that have resulted in recoveries of billions of dollars to investors. The firm has represented investors as lead counsel in such leading securities actions as Rite Aid, Sotheby's, Waste Management, Sunbeam, Boston Chicken and IKON Office Solutions. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. For example: "In short, it would be hard to equal the skill class counsel demonstrated here." In Re: Rite Aid Corporation Securities Litigation, MDL Docket No. 1360, Master File No. 99-1349 (E. D. Pa.) ($334 million settlement). "Class counsel did a remarkable job in representing the class interests." In Re: IKON Office Solutions Securities Litigation, Civil Action No. 98-4286 (E. D. Pa.) (partial settlement for $111 million). "... [Y]ou have acted the way lawyers at their best ought to act. And I have had a lot of cases ... In 15 years now as a judge and I cannot recall a significant case where I felt people were better represented than they are here ... I would say this has been the best representation that I have seen." In Re: Waste Management, Inc. Securities Litigation, Civil Action No. 97-C7709 (N.D. Ill.) (settled for $220 million). If you purchased Shuffle Master stock during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact: Todd S. Collins, Esq. Douglas Risen, Esq. Kimberly A. Walker, Investor Relations Manager Berger & Montague, P.C. 1622 Locust Street Philadelphia, PA 19103 Phone: 888-891-2289 or 215-875-3000 Lawsuit filed against Shuffle Master is republished from CasinoCityTimes.com.