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Schick Technologies Announces Dismissal of Class Action Lawsuit.


LONG ISLAND CITY, N.Y. -- Schick Technologies This article about a company does not make it clear whether the subject meets the Wikipedia criteria for . , Inc. (Nasdaq: SCHK) today announced that the purported class action filed in connection with the Company's proposed merger with Sirona Dental Systems has been voluntarily dismissed. The dismissal is without prejudice Without any loss or waiver of rights or privileges.

When a lawsuit is dismissed, the court may enter a judgment against the plaintiff with or without prejudice. When a lawsuit is dismissed without prejudice
, with each party bearing its own costs, and without any payment, or promise of payment, being made to the plaintiff or his attorneys. The Court granted the Notice and Order of Voluntary Dismissal Voluntary dismissal is when a law suit is terminated by request of the plaintiff (the party originally bringing the suit to court).

In the United States, voluntary dismissal in Federal court is subject to Rule 41(a) of the Federal Rules of Civil Procedure.
 Without Prejudice on April 13, 2006.

The Company believes that the voluntary dismissal of the action is consistent with its previously disclosed view that the allegations contained in the complaint were unfounded and without merit.

The Company

Schick Technologies, Inc., an ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 9001 certified company, designs, develops and manufactures innovative digital radiographic radiographic (rā´dēōgraf´ik),
adj relating to the process of radiography, the finished product, or its use.
 imaging systems and devices for the dental and medical markets. The Company's products, which are based on proprietary digital imaging technologies, create instant high-resolution radiographs and offer significant advantages over conventional x-ray devices.

Proposed Merger with Sirona

The merger will be presented for shareholder approval at a Special Meeting of Stockholders which is expected to take place in the second quarter of calendar 2006. In connection with the proposed merger, the Company will be filing with the SEC a definitive proxy statement Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
 and other relevant documents. These materials will contain important information and we caution investors to carefully read them before making a decision concerning the transaction. Investors will be able to obtain these documents free of charge at the SEC's website, http://www.sec.gov and at Schick's website, http://www.schicktech.com.

Schick Technologies, Inc. and its directors and executive officers and other members of its management and employees, may be deemed to be participants in the solicitation of proxies from shareholders of Schick in connection with the proposed transaction. Information about the directors and executive officers of Schick and their ownership of Schick stock is set forth in Schick's Proxy Statement filed with the SEC in connection with its Annual Shareholders Meeting for fiscal 2005.

This news release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 as defined in 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, including beliefs as to the Company's future, and other statements which are not historical. Actual future events, results and trends could differ materially from those set forth in such statements due to various factors, including the risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 18, 2006
Words:398
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