CPD Caraco Pharmaceutical Laboratories, Ltd. Common Stock

The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Caraco Pharmaceutical Laboratories, Ltd. ("Caraco" or the "Company") (NYSE Amex: CPD) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Sun Pharmaceutical Industries Ltd. (“Sun”) and Sun Pharma Global, Inc. (“Sun Global”). Under the terms of the proposed transaction, Caraco shareholders are to receive $4.75 in cash for each share they own, which is only a 5% premium over the closing price of Caraco common stock on December 2, 2010. Sun and Sun Global already own over 75% of the Company’s shares.

The investigation involves whether the Board of Directors of Caraco breached their fiduciary duties to Caraco stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Caraco has disclosed all material information to shareholders about the proposed transaction. As recently as August, Caraco’s shares have traded at $6.50 per share.

If you own stock in Caraco and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at jstein@jonathansteinlaw.com or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.

jstein@jonathansteinlaw.com

www.jonathansteinlaw.com

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