STAAR SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess ...
July 09 2014 - 10:00PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
September 8, 2014
to file lead plaintiff applications in a securities class action
lawsuit against STAAR Surgical Company (Nasdaq:STAA), if they
purchased the Company's securities during the period between
February 27, 2013 and June 30, 2014, inclusive (the "Class
Period"). This action is pending in the United States District
Court for the Central District of California.
What You May Do
If you purchased shares of STAAR and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850, or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner
Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish
to serve as a lead plaintiff in this class action, you must
petition the Court by September 8, 2014.
About the Lawsuit
STAAR and certain of its executives are charged with issuing a
series of materially false and misleading statements during the
Class Period, violating federal securities laws.
On June 30, 2014, the U.S. Food and Drug Administration publicly
released a Warning Letter, dated May 21, 2014, concerning an
inspection of STAAR's Monrovia Facility which took place from
February 10, 2014 to March 21, 2014, stating that there were
several regulatory violations at the facility. The Warning Letter
noted inadequacies with the manufacture, packing, storage and
installation of the Company's implantable lenses and inadequate
procedures for documentation, complaints, sterility testing, and
record maintenance. The Warning Letter also threatened
regulatory action.
On this news, the price of STAAR's shares plummeted by over
11%
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers
with significant experience litigating complex securities class
actions nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
Melinda Nicholson, Partner
melinda.nicholson@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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