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Burt & Pucillo, LLP Announces Shareholders Sue Rexall Sundown Inc.


WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 23, 1998--Pursuant to Section 21d(a)(3)(A)(i) of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995, Burt & Pucillo, LLP LLP - Lower Layer Protocol  hereby gives notice that a class action complaint has been filed in the United States District Court for the Southern District of Florida The United States District Court for the Southern District of Florida (S.D.Fl.) is the federal district court covering the southern part of the state of Florida. The court's jurisdiction comprises the following counties: Broward, Dade, Highlands, Indian River, Martin, Monroe,  on behalf of a Class of all persons who purchased Rexall Sundown, Inc. (Nasdaq:RXSD)("Rexall" or the "Company") common stock, or call options, or sold put options during the period March 19, 1998 through Nov. 5, 1998, inclusive (the "Class Period") and who were damaged thereby.

The Complaint in this action alleges that Rexall misrepresented the demand for its products and its ability to achieve higher sales growth and maintain higher profit margins and return on assets Return on assets (ROA)

Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets).
 than its competitors. Specifically, the Complaint alleges that Rexall's primary customer, Wal-Mart, was reducing purchases due to concerns about the potency of certain Rexall products and increased sales of the Wal-Mart private label brand. The Complaint further alleges that the Company failed to timely disclose what was then a known trend with regard to decreasing sales to certain retail customers, while certain of the Defendants sold substantial amounts of Rexall common stock at substantial profits.

The firm of Burt & Pucillo, LLP, based in West Palm Beach, Fla., has acted as lead counsel in a number of major shareholder actions in Florida and throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Lead plaintiff motions must be filed on or before Jan. 8, 1999. For further information on the firm's prior experience in class and securities litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 and expertise in the prosecution of such claims, or if you are a member of the Class described above and wish to serve as a lead plaintiff in this action, you may contact Plaintiffs' counsel, Michael J. Pucillo or Wendy H. Zoberman at Burt & Pucillo, LLP, at 561/835-9400 or 800/349-4612, or e-mail address See Internet address.

e-mail address - electronic mail address
: cbmp@flinet.com.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1U5FL
Date:Nov 23, 1998
Words:318
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