DONOVAN SEARLES, LLC.Donovan Searles, LLC Announces Securities Class Action Filed Against VISX Inc.
PHILADELPHIA--(BUSINESS WIRE)--March 8, 2000 -- The law firm of Donovan Searles, LLC, announced today that a class action lawsuit was filed in the United States District Court for the Northern District of California against VISX Inc. (``VISX'') (Nasdaq:VISX - news), and certain of its Officers and Directors, on behalf of all persons who purchased VISX securities between March 1, 1999 and February 22, 2000, inclusive (the ``Class Period'').
The plaintiff in the case is a stock purchaser who is alleged to have sustained losses as a result of defendants' alleged violations.
The Complaint alleges that, during the Class Period, VISX and the six officer defendants (collectively, the ``Defendants'') violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, issuing materially false and misleading statements to the investing public about the Company's business, revenue growth and earnings expectations for fiscal 2000 relating to its Excimer Laser Systems. The Complaint further alleges that the price of VISX's shares was artificially inflated as a result of Defendants' omissions of material fact.
Plaintiff is represented by the law firm of Donovan Searles, LLC and others. The members of Donovan Searles, LLC have significant experience in litigating class actions on behalf of investors, shareholders and consumers.
If you are a member of the class described above, you may move the court to serve as lead plaintiff not later than April 25, 2000. If you wish to discuss this action, or have any questions concerning your rights, please contact Michael D. Donovan at Donovan Searles, LLC, 1845 Walnut Street, Suite 1100, Philadelphia, PA 19103; phone: 800/619-1677 or 215/732-6067; e-mail: mdonovan@donovansearles.com or by clicking here
