Law Offices of Steven E. Cauley, P.A. and M. Clay Raggsdale IV, File Class Action Against Chromatics Color Sciences, Inc.
PR Newswire - June 10, 1998 21:18
NEW YORK, June 10 /PRNewswire/ -- Pursuant to Section 21D(a)(3)(A)(i) of the Private Litigation Securities Reform Act of 1995, the Law Offices of Steven E. Cauley, P.A. and M. Clay Raggsdale hereby give notice that a class action complaint has been filed in the United States District Court for the Southern District of New York on behalf of a Class of persons who purchased Chromatics Color Sciences, Inc. (Nasdaq: CCSI) ("Chromatics" or the "Company") securities at artificially inflated prices during the period July 30, 1997 through June 9, 1998, inclusive (the "Class Period") and who were damaged thereby.
The Complaint charges that throughout the Class Period, the Company and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by engaging in a scheme to artificially inflate the market price of Chromatics common stock by making misrepresentations and omissions of material fact concerning the uniqueness, technical capabilities of, and market for the Company's Colormate Tlc-BiliMeter.
Any member of the proposed class who desires to be appointed lead plaintiff in this action must file a motion with the Court no later than sixty (60) days from June 10, 1998. Class members must meet certain legal requirements to serve as a lead plaintiff. If you have questions or information regarding this action, or if you are interested in serving as a lead plaintiff in this action, you may call or write:
Steven E. Cauley
Law Offices of Steven E. Cauley, P.A.
Suite 210, Cypress Plaza
2200 N. Rodney Parham Road
Little Rock, Arkansas 72212
Telephone: 501-312-8500
Facsimile: 501-312-8505
E-Mail: cauleypa@aol.com
or
M. Clay Raggsdale, IV
Law Offices of M. Clay Raggsdale, IV
1929 Third Avenue North, Suite 550
Birmingham, Alabama 35203
Telephone: 205-251-4775
Facsimile: 205-251-4777
SOURCE Law Offices of Steven E. Cauley P.A.
/CONTACT: Steven E. Cauley of Law Offices of Steven E. Cauley, P.A.,
501-312-8500; or M. Clay Raggsdale, IV, of Law Offices of M. Clay Raggsdale,
IV, 205-251-4775/
(CCSI)
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