The Leslie Fay Company, Inc. (Nasdaq: news) reported today a net loss for the second quarter ended June 30, 2001 of $1.2m or $0.20 per basic and diluted share, compared to net income of $59,000 or $0.01 per basic and diluted share for the second quarter of 2000. The variance primarily results from three items that affect the comparability of second quarter 2001 net income to the prior year's second quarter net income.