The Emerson Firm, a law firm with offices in Houston, and Little Rock, Ark., announced today that it is filing a class action complaint in the United States District Court for the District of South Dakota on behalf of all individuals and institutional investors who purchased the common stock of IBP, Inc. ("IBP" or the "Company") (NYSE:IBP) between Feb. 7, 2000, and March 29, 2001, inclusive (the "Class Period").