SHU Shurgard Storage Ctr

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Shurgard Storage Centers, Inc. HARTFORD, Conn., Jan. 20 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Western District of Washington on behalf of all persons who purchased the publicly traded securities of Shurgard Storage Centers, Inc. (NYSE:SHU) ("Shurgard") between May 9, 2001 and March 26, 2004 (the "Class Period"), including purchasers in the July 10, 2003 and June 25, 2002 stock offerings and the March 24, 2003 debt offering. The Complaint alleges that Shurgard violated federal securities laws by issuing false or misleading public statements. On May 17, 2004, Shurgard announced that it was restating its financial results after a re-audit of its financial statements for the years ended December 31, 2001 and 2002 and for the first three quarters of 2003. Shurgard indicated that its new auditors, PricewaterhouseCoopers, had identified accounting errors impacting prior periods which had to be restated. If you are a member of the class, you may, no later than March 21, 2005, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at . To view a copy of the lawsuit initiating the class action, or for more information about class action cases and Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton of Schatz & Nobel, +1-800-797-5499, Web site: http://www.snlaw.net/

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