Roy Jacobs & Associates Announces Investigation into Possible Wrongdoing at STAAR Surgical Company (“STAA”)
July 14 2014 - 11:23AM
Business Wire
Roy Jacobs & Associates a law firm representing investors
nationwide, is investigating potential claims on behalf of
shareholders of STAAR Surgical Co. (“STAAR” or the “Company”)
(NASDAQ:STAA) concerning possible breaches of fiduciary duty and
securities law violations.
For further information, please contact Roy L. Jacobs, Esq.
toll-free at 1-888-884-4490 or by e-mail at
rjacobs@jacobsclasslaw.com.
STAAR Surgical Company, together with its subsidiaries, designs,
develops, manufactures, and sells implantable lenses for the eye,
and delivery systems to deliver lenses into the eye. The
investigation is focused on potential breaches of fiduciary duty on
the part of the STAAR Board of Directors involving the failure to
maintain good manufacturing practices for its products.
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%
If you held STAAR shares since prior to April 10, 2014 and
continue to hold your shares; and you are interested in discussing
your rights or have information relating to this investigation,
please contact Roy L. Jacobs. Mr. Jacobs will be glad to personally
speak with you at no cost to you.
ROY JACOBS & ASSOCIATESRoy L. Jacobs, Esq.,
1-888-884-4490rjacobs@jacobsclasslaw.com
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