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ALLIANCE PHARMACEUTICAL CORP. ANNOUNCES SHAREHOLDER LAWSUITS

 ALLIANCE PHARMACEUTICAL CORP. ANNOUNCES SHAREHOLDER LAWSUITS
 SAN DIEGO, Sept. 14 /PRNewswire/ -- Alliance Pharmaceutical Corp. (NASDAQ: ALLP) announced today that it and certain of its officers have been named as defendants in a series of lawsuits filed by certain shareholders in U.S. District Court for the Southern District of California. Plaintiffs in the actions claim, among other things, that the defendants failed to disclose certain problems with two of Alliance's products under development, which conduct is alleged to portray falsely the financial condition of Alliance.
 The company believes that it has meritorious defenses and intends to defend vigorously the claims of the shareholders in the actions.
 -0- 9/14/92
 /CONTACT: Stuart Gauld of Alliance Pharmaceutical, 619-558-4300/
 (ALLP) CO: Alliance Pharmaceutical Corp. ST: California IN: MTC SU:


LS-KJ -- SD007 -- 9386 09/14/92 19:32 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 14, 1992
Words:136
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