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Cauley & Geller, LLP Announces That Investors Must Move for Lead Plaintiff by September 26th.


Business Editors

SAN DIEGO--(BUSINESS WIRE)--Sept. 7, 2000

The Law Firm of Cauley & Geller, LLP LLP - Lower Layer Protocol  announced today that individuals and institutional investors that purchased the securities of NBTY, Inc. ("NBTY" or the "Company") (Nasdaq:NBTY) between January 27, 2000 and June 15, 2000, inclusive (the "Class Period"), must move for Lead Plaintiff by September 26, 2000, to exercise some control over the 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
 filed in the United States District Court for the Eastern District of New York EDNY redirects here, for other uses see EDNY (disambiguation).

The United States District Court for the Eastern District of New York is the federal district court whose jurisdiction comprises the entirety of Long Island (including the portion in New York City) and Staten
. Purchasers of NBTY securities during the Class Period should call Cauley & Geller if they want to be a Lead Plaintiff, or if they want additional information.

Generally, the various complaints charge 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 condition and future growth potential. It is alleged that the defendants failed to disclose several adverse factors which signaled a dramatic slowing of its growth and, as a result, a decline in its same store sales Same Store Sales

A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more.

Notes:
This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of
. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the complaints, the defendants failed to disclose (1) that sales at the Company's Vitamin World Vitamin World, one of the major brands owned by NBTY,[1] is a manufacturer of vitamins and nutritional supplements distributed in retail stores in the United States. Vitamin World has roughly 450 retail stores throughout the U.S.  stores were declining as demand for nutritional supplements Nutritional Supplements Definition

Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet.
 was weakening; (2) that the Company's financial results were being negatively impacted by fluctuations in the value of the British Pound -- as a result of the Company's Holland & Barrett stores which operate primarily in the U.K; and (3) that the Company did not derive any meaningful benefit from its "vertical integration" efforts - acquisitions of nutritional supplement companies in different segments of the supplemental business. As a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the Class Period. Prior to the disclosure of the above mentioned adverse facts, six insiders took advantage of the inflated stock price and sold nearly $33 million worth of their own stock before the truth was revealed, and the price of the stock dropped significantly.

Cauley & Geller, LLP has substantial experience representing investors in securities fraud class action lawsuits 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 serve as a Lead Plaintiff, or how you may be able to recover for your losses, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com. If you need information, please contact:

CAULEY & GELLER, LLP 225 Broadway, Suite 1900 San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA 92101 E-mail: info@classlawyer.com 888/551-9944 - toll free www.classlawyer.com
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 7, 2000
Words:432
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