The Law Firm of Lasky & Rifkind, Ltd. Announces Class Action Lawsuit against Immucor, Inc.
September 06 2005 - 1:43PM
Business Wire
Lasky & Rifkind, Ltd., a law firm with offices in New York and
Chicago, announces that a lawsuit has been filed in the United
States District Court for the Northern District of Georgia, on
behalf of persons who purchased or otherwise acquired publicly
traded securities of Immucor, Inc. ("Immucor" or the "Company")
(NASDAQ:BLUDE) between January 7, 2005 and August 29, 2005,
inclusive, (the "Class Period"). The lawsuit was filed against
Immucor, Dr. Gioacchino De Chirico, Steven C. Ramsey and Edward L.
Gallup ("Defendants"). If you are a member of this class and wish
to view a copy of a complaint and join this class action, please
e-mail us at investorrelations@laskyrifkind.com and request a copy
of the complaint and a plaintiff certification. If you are a member
of the Class, you may move the Court no later than October 31, 2005
to serve as a lead plaintiff for the Class. Any member of the
purported class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. However, if you choose to remain an
absent class member, unless and until a class is certified, you are
not represented by counsel. The complaint alleges that Defendants
violated Sections 10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder. Specifically, the
complaint alleges that Defendants misrepresented that the Company's
financial statements and disclosures fairly and accurately
reflected the Company's results from operations as required by
Generally Accepted Accounting Principles ("GAAP"). On August 26,
2005, the Company was forced to announce that the SEC had launched
a formal investigation into payments made by its Italian unit and
its President, Mr. De Chirico, in October 2003 to a physician
connected with a hospital with which the Company was doing
business. Then, after the market closed on August 29, 2005, the
Company indicated in a press release that it would be revising its
previously issued results for at least two quarters in order to
account for previously unrecorded accrued bonuses. In reaction to
the news, Immucor's common stock price fell from $28.61 on August
25, 2005 to close at $24.00 on August 20, 2005. If you bought
Immucor securities between January 7, 2005 and August 29, 2005,
inclusive, and would like to obtain information about the lawsuit,
then you are invited to call (800) 495-1868 to speak with an
advisor.
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