Business Wire MILBERG WEISS ANNOUNCES CLASS ACTION AGAINST REXALL SUNDOWN, INC. BUSINESS EDITORS NEW YORK--(BUSINESS WIRE)--NOV. 9, 1998--NOTICE IS HEREBY GIVEN THAT A CLASS ACTION LAWSUIT WAS FILED ON NOVEMBER 9,
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NEW YORK--(BUSINESS WIRE)--Nov. 9, 1998--Notice is hereby given
that a class action lawsuit was filed on November 9, 1998 in the
United States District Court for the Southern District of Florida, on
behalf of all persons who purchased the common stock of Rexall
Sundown, Inc. (NASDAQ: RXSD.O) ("Rexall" or the "Company"), between
March 19, 1998 and November 5, 1998, inclusive (the "Class Period").
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests with respect to
these matters, please contact Milberg Weiss Bershad Hynes & Lerach
("Milberg Weiss"), Steven G. Schulman or Samuel H. Rudman, One
Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165, by
telephone 1-800-320-5081 or via e-mail: classact@microweb.com or visit
our website at www.milberg.com.
The complaint charges Rexall Sundown and certain officers and
directors of the Company during the relevant time period with
violations of Sections 10(b) and 20(a) of the Securities Exchange Act
of 1934. The complaint alleges that defendants issued a series false
statements concerning the Company's products and the strength of its
business. Because of the issuance of a series of false and misleading
statements, the price of Rexall common stock was artificially inflated
during the Class Period. Prior to the disclosure of the adverse facts
described above, certain insiders sold tens of thousands of shares of
Rexall common stock to the unsuspecting investing public, reaping
proceeds in excess of $35 million.
Plaintiff seeks to recover damages on behalf of class members and
is represented by the law firm of Milberg Weiss, among others. Milberg
Weiss maintains offices in New York City, San Diego, Los Angeles and
San Francisco and is active in major litigations pending in federal
and state courts throughout the United States. Milberg Weiss has taken
a leading role in numerous important actions on behalf of defrauded
investors, and is responsible for a number of outstanding recoveries
which, in the aggregate, total approximately $2 billion. For more
information about Milberg Weiss, please visit our website at
www.milberg.com.
If you are a member of the class described above, you may, not
later sixty days from November 9, 1998 move the Court to serve as lead
plaintiff of the class, if you so choose. In order to serve as lead
plaintiff, however, you must meet certain legal requirements.
--30--kam/ny*
CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP
Shareholder Relations Dept.
E-Mail: classact@microweb.com.
1-800-320-5081
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING
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