This action will be for the purchasers of the common stock of Caraco Pharmaceutical Laboratories, Ltd. (AMEX: CPD), between May 29, 2008 and June 25, 2009.
The action will allege that Caraco Pharmaceutical Laboratories, Ltd. and certain of its executive officers violated federal securities laws. Specifically, the action will allege that statements made by the Company between May 29, 2008 and June 25, 2009 were false and misleading and failed to disclose or indicate, among other things, that the Company was repeatedly noncompliant with FDA requirements for the safe production of medication and failed, on many occasions, to correct known deficiencies that the FDA warned the Company about.
The truth of the Company's repeated failure to comply with government regulation was revealed on June 25, 2009, when the U.S. Marshals, at the request of the FDA, seized drugs from the Company's manufacturing plants. On the news of the seizure, the Company's share price closed down over 40% from the previous day's close on unusually heavy volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired common stock in Caraco Pharmaceutical Laboratories, Ltd. (AMEX: CPD), between May 29, 2008 and June 25, 2009 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
Join the Class Action
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
Terms:
correct statements.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.
