Cohen, Milstein Files Securities Fraud Class Action Suit Against Bristol-Myers Squibb Company.Business Editors & Legal Writers SEATTLE--(BUSINESS WIRE)--May 2, 2000 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, Hausfeld & Toll, P.L.L.C. (www.cmht.com) has filed a class action lawsuit 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 in the United States District Court for the District of New Jersey The United States District Court for the District of New Jersey is the Federal district court whose jurisdiction is the state of New Jersey. It was established in 1789. New Jersey is the largest state by population to only have one District Court. The Honorable Garrett E. on behalf of all persons who purchased the common stock of Bristol-Myers Squibb ("BMY BMY Bristol Myers Squibb " or the "Company") (NYSE NYSE See: New York Stock Exchange :BMY) between November 8, 1999 through April 19, 2000 (the "Class Period"). The complaint charges BMY with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that defendants issued false and misleading statements relating to the development of its drug, VANLEV. Defendants began a campaign to herald VANLEV as the most effective drug for treating hypertension and, to allay any safety concerns, conditioned the market to believe that there were no serious side effects to the drug. However, the complaint further alleges that defendants knew but did not disclose that the results of the BMY-conducted clinical trials of patients given VANLEV showed that a rare and very serious side effect, that is, a severe form of angioedema which is life threatening, had afflicted some patients in the trials. Defendants' false and misleading statements regarding VANLEV resulted in artificially inflated stock prices during the Class Period. Plaintiffs' counsel in this action -- 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 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. pending in federal and state courts throughout the nation. It is well known for its role in such high-profile litigation as the Texaco race discrimination case, the Holocaust Victims/Swiss Banks and Nazi Slave Labor litigation and the Exxon Valdez Oil Spill The Exxon Valdez Oil Spill is considered one of the most devastating man-made environmental disasters ever to occur at sea. Prince William Sound's remote location (accessible only by helicopter and boat) made government and industry response efforts difficult and severely taxed litigation. If you purchased BMY stock during the class period (November 8, 1999 and April 19, 2000) you may move the Court, no later than 60 days from April 25, 2000 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, the lawsuit, your rights or concerning lead plaintiff, please contact any one of the following: Andrew N. Friedman (afriedman@cmht.com) and Robert Smits (rsmits@cmht.com) of Cohen, Milstein, Hausfeld & Toll, P.L.L.C.,1100 New York Avenue The following roads are named New York Avenue:
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