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Mon, December 19, 2011
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The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in The Cooper Companies, Inc. of Class Acti
The Law Firm of Levi & Korsinsky Notifies Investors With Losses on... -- NEW YORK, Dec. 16, 2011 /PRNewswire/ --
The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in The Cooper Companies, Inc. of Class Action Lawsuit and the Deadline of January 27, 2012 to Seek a Lead Plaintiff Position
NEW YORK, Dec. 16, 2011 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of New York on behalf of investors who purchased The Cooper Companies, Inc. ("Cooper" or the "Company") (NYSE: [ COO ]) common stock between March 4, 2011 and November 15, 2011 (the "Class Period").
For more information, click here: [ http://zlk.9nl.com/cooper-companies-coo/ ].
The complaint alleges that Cooper and certain of its executives issued materially false and misleading statements concerning quality control issues and manufacturing process defects in the Company's CooperVision contact lens operations. On August 19, 2011, Cooper announced a "voluntary recall on limited lots" of its contact lenses due to a "small number of complaints of temporary hazy vision" by consumers. Upon increased pressure from the FDA to further publicize the recall, Cooper issued a second announcement on October 13, 2011. Finally, on November 15, 2011, Cooper was forced to announce the expansion of the recall into its other lines; the Company also disclosed that it reserved more than $23 million for recall related liabilities. As a consequence, the price of Cooper's common stock price fell from a closing price of $64.95 per share on November 14, 2011, to a closing price of $56.64 per share the following day.
If you suffered a loss in Cooper you have until January 27, 2012to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (877) 363-5972, or visit [ http://www.zlk.com/cooper-companies-coo.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]
SOURCE Levi & Korsinsky, LLP
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