more
Monday August 6, 12:19 pm Eastern Time
Press Release
SOURCE: Shapiro Haber & Urmy LLP
Court Appointed Lead Counsel to Expand Securities Fraud Class Action Allegations Against PolyMedica
BOSTON, Aug. 6 /PRNewswire/ -- The law firms Shapiro Haber & Urmy LLP and Schatz & Nobel, P.C., who have been appointed lead counsel by the United States District Court, announced that they will expand the allegations in the pending securities fraud class action case presently pending against PolyMedica Corp. (``PolyMedica'') (Nasdaq: PLMD - news).
In November and December 2000, two securities fraud class action complaints were filed against PolyMedica and its Chief Executive Officer Steven Lee, alleging securities fraud on account of improper billing by PolyMedica's Liberty Medical Supply unit, and reports of an FBI investigation of Liberty. By order of the United States District Court for the District of Massachusetts, those two class actions have been consolidated, lead plaintiffs have been appointed and the law firms of Shapiro Haber & Urmy LLP and Schatz & Nobel, P.C. have been appointed lead counsel to represent the class.
In light of the August 4, 2001 article in Barron's that contains new details about the FBI investigation and Liberty's alleged improper billing practices, lead counsel announce that they will file an amended complaint to expand the securities fraud class action allegations against PolyMedica. The amended complaint will allege claims on behalf of a class of purchasers of PolyMedica stock during the period from September 3, 1999 through August 3, 2001.
For more information about this action or your rights with respect to the action, please contact the court appointed lead counsel:
Theodore Hess-Mahan, Esq.
Elizabeth Hutton, Paralegal
Shapiro Haber & Urmy LLP
75 State Street
Boston, Massachusetts 02109
Tel: (800) 287-8119
Fax: (617) 439-0134
e-mail: cases@shulaw.com
website: www.shulaw.com
Robert Izard
Schatz & Nobel, P.C.
330 Main Street
Hartford, CT 06106
Tel: (800) 797-5499
e-mail: SN06106@aol.com
website: www.snlaw.net
SOURCE: Shapiro Haber & Urmy LLP
biz.yahoo.com |
