BENSALEM, Pa., May 16 /PRNewswire/ -- Law Offices of Howard G. Smith announces a June 9, 2008, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of all persons who purchased or otherwise acquired the common stock of Inverness Medical Innovations, Inc. ("Inverness Medical" or the "Company") (AMEX:IMA) in the Company's secondary public offering on or about November 14, 2007 (the "Class Period"). The shareholder lawsuit is pending in the United States District Court for the District of Massachusetts.
The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market in connection with the secondary public offering, concerning significant and severe integration issues that the Company was then experiencing which were then impacting the Company's continuing operations, thereby artificially inflating the price of Inverness Medical stock.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Inverness Medical common stock in the Company's secondary public offering on or about November 14, 2007, you have certain rights, and have until June 9, 2008, to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to or visit our website at http://www.howardsmithlaw.com/. DATASOURCE: Law Offices of Howard G. Smith CONTACT: Law Offices of Howard G. Smith, +1-215-638-4847, toll-free, 1-888-638-4847, Web site: http://www.howardsmithlaw.com/
|