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Shepherd & Geller, LLC Announces Filing of Class Action Lawsuit

9 August 1999

Shepherd & Geller, LLC Announces Filing of Class Action Lawsuit On Behalf of Purchasers of Motorcar Parts & Accessories, Inc. Common Stock

    BOCA RATON, Fla.--Aug. 6, 1999--The Law Firm of Shepherd & Geller, LLC announced today that it has filed a class action in Federal Court in New York on behalf of all individuals and institutional investors that purchased MOTORCAR PARTS & ACCESSORIES, INC. common stock between May 22, 1997 and July 30, 1999, inclusive (the "Class Period").
    The complaint charges that the Company and certain of its officers and directors violated the federal securities laws by concealing significant accounting irregularities and by making numerous false and misleading statements about the Company's revenues, earnings, and business prospects, causing the stock to trade at artificially inflated prices. When the truth about the Company's accounting irregularities and financial performance was revealed, the stock price fell and the Company's Chief Executive Officer resigned.
    Shepherd & Geller, LLC has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida and Pennsylvania, but represents shareholders from throughout the nation. If you would like to serve as one of the lead plaintiffs in this lawsuit, you must file the appropriate motion with the Court by October 4, 1999. If you are an MPAA shareholder and have any questions on how you may be able to recover for losses you have incurred, please E-mail or call us. You can also visit us on the web at www.classactioncounsel.com.