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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Stress who wrote (2815)6/11/1998 9:46:00 AM
From: Gravitar  Read Replies (2) | Respond to of 5736
 
Wolf Popper LLP Files Class Action Against Chromatics Color Sciences International, Inc.

June 11, 1998 08:26 AM

NEW YORK, June 11 /PRNewswire/ -- Pursuant to Section 21D (a) (3) (A) (i) of the Private Litigation Securities Reform Act of 1995, Wolf Popper LLP hereby gives 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 International, Inc. 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

Wolf Popper has extensive experience representing shareholders in class actions and has successfully recovered billions of dollars for defrauded investors and shareholders. The reputation and expertise of the firm in shareholder and other class action litigation has been repeatedly recognized by the courts, which have appointed the firm to major positions in complex multi-district and consolidated litigations.

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:

Paul O. Paradis, Esq. of
WOLF POPPER LLP
945 Third Avenue
New York NY 10022-6689

Telephone: 212-451-9676
Toll Free: 1-877-370-7703
Facsimile: 212-486-2093
E-Mail: pparadis@wolfpopper.com

Website: wolfpopper.com