If you own any Shuffle Master stock, you might be getting a letter in the mail soon, for the high profile law firm of Berger & Montague, P.C. has filed a class action lawsuit seeking reparation for the recent blunders the company made in filing their fourth quarter and fiscal year financial results for 2006. According to the suit, which was filed with the U.S. District Court for the District of Nevada, Berger & Montague is filing on behalf of Shuffle Master stock holders who purchased their shares between the dates of December 22, 2006 and March 12, 2007.

The basis for the claim rests in Shuffle Master's shocking disclosure made on March 12, 2007, in which the company announced it would have to restate its fourth quarter financial results and fiscal year ending October 31, 2006. Apparently due to faulty internal controls resulting in several unaccountable fraudulent transactions, not to mention a large company transaction on the last day before the fiscal year closing mistakenly reported as company profit, the news sent stock prices plummeting down by 8%. This equated to a loss of $1.56 per share, which got the attention of investors and lawyers.

Berger & Montague, which specializes in class action securities litigation, has taken up the case in good measure. With over sixty attorney's representing plaintiffs in complex litigation cases, the law firm has an impressive track record winning billions of dollars for their plaintiffs. Some notable cases include a lawsuit against Rite Aid, in which $334 million was settled, and the Waste Management case, in which a $220 million settlement was obtained.

For now, Berger & Montague is inviting all those shareholders who purchased stock between December 22, 2006 and March 12, 2007 to request in writing by August 3, 2007 to be a court-appointed lead plaintiff, who serves to act on behalf of other plaintiffs having a stake in the suit. All shareholders who purchased their stock within the aforementioned time window and have incurred losses as a result of Shuffle Master's miscellaneous financial filings, should contact the law firm by email for a more detailed explanation of the case.