On November 28, 2011, Scott+Scott LLP filed a class action complaint
against The Cooper Companies, Inc. and certain of the Company's senior
officers and directors in the U.S. District Court for the Northern
District of California. The action for violations of the Securities
Exchange Act of 1934 is brought on behalf of those purchasing the common
stock of Cooper between March 4, 2011 and November 15, 2011, inclusive.
If you purchased the common stock of Cooper during the Class Period and
wish to serve as a lead plaintiff in the action, you must move the Court
no later than 60 days from today. Any member of the investor class may
move the Court to serve as lead plaintiff through counsel of its choice,
or may choose to do nothing and remain an absent class member. If you
wish to discuss this action or have questions concerning this notice or
your rights, please contact Scott+Scott at (800) 404-7770, (860)
537-5537 or visit the Scott+Scott website
http://www.scott-scott.com/cases/coopercos.html for more information.
There is no cost or fee to you.
The complaint filed in the action alleges that, during the Class Period,
Cooper issued false and misleading statements concealing known quality
control problems and process defects at the Company's new overseas
contact lens manufacturing facilities.
The complaint alleges that following the announcement of a small
voluntary recall, the significance of which Cooper and its senior
executives intentionally downplayed, on November 15, 2011, Cooper was
forced to disclose a much larger product recall and to finally disclose
the seriousness of the potential injuries. As the market learned the
true extent of the Company's production issues, product safety defects
and the harm to Cooper's reputation and product marketability, the
Company's stock price declined precipitously. The class action seeks
recovery under the federal securities laws for those who purchased
Cooper's common stock between March 4, 2011 and November 15, 2011.
Scott+Scott has significant experience in prosecuting major securities,
antitrust and employee retirement plan actions throughout the United
States. The firm represents pension funds, foundations, individuals and
other entities worldwide.
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