Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in NBTY, Inc.
May 13 2010 - 10:55AM
Marketwired
Holzer Holzer & Fistel, LLC announces that it has filed a class
action lawsuit in the United States District Court for the Eastern
District of New York on behalf of purchasers of NBTY, Inc. ("NBTY"
or the "Company") (NYSE: NTY) common stock who purchased shares
between November 9, 2009 and April 26, 2010 (the "Class Period").
The lawsuit alleges, among other things, that NBTY failed to
adequately disclose that it was experiencing a significant
disruption in its private label business, including a related
decrease in demand for its private label products, and that the
Company's advertising costs were escalating far in excess of the
Company's internal forecasts. The complaint alleges that because of
its disrupted business and increased advertising costs, the Company
lacked any reasonable basis for the positive statements it made
during the Class Period relating to its business and prospects.
If you purchased shares of NBTY common stock during the Class
Period, you have the legal right to petition the Court to be
appointed a "lead plaintiff." A lead plaintiff is a representative
party that acts on behalf of other class members in directing the
litigation. Any such request must satisfy certain criteria and be
made no later than July 12, 2010. 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. If you are an NBTY investor and would like to discuss
a potential lead plaintiff appointment, or your rights and
interests with respect to the lawsuit, you may contact Michael I.
Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at
mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free
telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm
that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, including
shareholder class action and derivative litigation. More
information about the firm is available through its website,
www.holzerlaw.com and upon request from the firm.
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