Cauley & Geller, LLP Announces Class Action Lawsuit Against FLIR Systems, Inc. Seeking Damages On Behalf of Shareholders.Business Editors & Legal Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--March 24, 2000 The Law Firm of Cauley & Geller, LLP LLP - Lower Layer Protocol announced today that it has filed a class action in the United States District Court for the District of Oregon The United States District Court for the District of Oregon is the Federal district court whose jurisdiction comprises the state of Oregon. It was created in 1859 when the state was admitted to the Union. on behalf of all individuals and institutional investors that purchased the common stock of FLIR Systems | company_name = FLIR Systems | company_type = Public (NASDAQ: FLIR) | foundation = 1978 | location = Wilsonville, Oregon, United States | key_people = Earl R. Lewis }} FLIR Systems , Inc. ("FLIR FLIR Forward-Looking Infrared (Radar) FLIR Forward Looking Infrared Radiometer FLIR Forward Looking Infrared Radar FLIR Forward Looking Infra Red " or the "Company") (Nasdaq:FLIR) between April 22, 1999 and March 3, 2000, inclusive (the "Class Period"). The complaint charges that the Company and certain of its officers and directors violated the federal securities laws by providing materially false and misleading information about the Company's financial results. As a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the class period, trading as high as $18-5/8 in February 2000. On March 6, 2000, FLIR admitted that its fourth quarter 1999 results would be much lower than previously forecast due to "accounting errors." At the same time, the Company announced the resignation of its Chief Financial Officer. On these shocking disclosures, the price of the stock dropped significantly, to as low as $9 per share. Cauley & Geller, LLP has substantial experience representing investors in securities fraud class action lawsuits class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you must take appropriate action by May 12, 2000. You are encouraged to e-mail the Firm at CauleyPA@aol.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion