Class Action Suit Filed Against Urohealth Systems.SEATTLE--(BUSINESS WIRE)--July 28, 1997--The following notice is issued by the law firm of Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Milstein Mil·stein , Cesar 1927-2002. Argentinian-born British immunologist. He shared a 1984 Nobel Prize for developing a method of producing monoclonal antibodies. , Hausfeld & Toll P.L.L.C. on behalf of its client ("plaintiff"), who has filed a 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. on behalf of purchasers of the common stock of Urohealth Systems Inc. ("Urohealth") On July July: see month. 23, 1997, Plaintiff filed an action in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Central District of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). against Urohealth and two of its principal executives. The action is brought as a class action on behalf of all persons who purchased Urohealth common stock from July 18, 1996 through June 27, 1997 (the class). The plaintiff alleges that during this period, the defendants issued false and misleading information concerning Urohealth's financial condition and results of operations. Plaintiff alleges that this caused the market price of Urohealth common stock to be artificially inflated, and caused him and other purchasers to pay too much for their Urohealth common stock. The complaint brings claims under the Federal Securities Laws and seeks damages for all members of the class. Cohen, Milstein, Hausfeld & Toll P.L.L.C. has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington D.C. and Seattle and is active in major litigation pending in federal and state courts throughout the nation. Cohen, Milstein, Hausfeld & Toll P.L.L.C.'s reputation for excellence has been recognized on repeated occasion by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll P.L.L.C. has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total hundreds of millions of dollars, or more. Visit the firm's website at www.cmht.com . If you are a member of the class who purchased Urohealth common stock between July 18, 1996 and June 27, 1997 (the "class period"), you may move the court, not later than 60 days from July 8, 1997, to serve as lead plaintiff for the class. In order to serve as lead plaintiff, you must meet certain legal standards. If you have any questions about this notice or the action, or with regard to your rights, please contact the following: Steven J.Toll (admitted D.C. and Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). ), Matthew J. Ide (admitted Washington and Virginia). or Jessica A. Eaves (admitted Washington) of Cohen, Milstein, Hausfeld & Toll, P.L.L.C. at 206/521-0080, 1301 Fifth Avenue, Suite 2905, Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. 98101, fax no. 206/521-0166. CONTACT: Cohen, Milstein, Hausfeld & Toll Steven J. Toll, Matthew J. Ide or Jessica A. Eaves 206/521-0080 stoll@siteconnect.com, mide@siteconnect.com or jeaves@siteconnect.com |
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