LUME
3/22/02
siliconinvestor.com
BALTIMORE, Mar 22, 2002 (BUSINESS WIRE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced in the United States District Court for the Southern District of New York, on behalf of shareholders who acquired the common stock of Lumenis, Ltd. ("Lumenis") (Nasdaq: LUME chart, msgs) between January 7, 2002 and February 28, 2002, inclusive (the "Class Period") against Defendant Lumenis and certain of its officers.
3/14/02
sbclasslaw.com.
The complaint charges Lumenis Ltd. and certain of its officers and directors with issuing false and misleading statement concerning its business and financial condition. Specifically, the complaint alleges that defendants violated the federal securities laws by issuing materially false and misleading statements throughout the Class Period that had the effect of artificially inflating the market price of the Company’s securities.
The complaint alleges that throughout the Class Period, defendants discounted and disputed marketplace rumors about its operations even as it knew it was being investigated by the SEC and that its distributors had been contacted by the SEC. Additionally, even after announcing in a press release that it was subject to an SEC investigation, the Company continued to hide the fact that it had been aware of the SEC investigation and had been providing information to the SEC for several weeks.
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