SOURCE: Kahn Gauthier Swick, LLC

November 20, 2008 20:10 ET

INVESTOR ALERT: KGS Notifies Waters Corporation Purchasers With Losses Greater Than $200,000, of Lead Plaintiff Application Deadline in Securities Class Action Lawsuit - WAT

NEW ORLEANS, LA--(Marketwire - November 20, 2008) - Kahn Gauthier Swick, LLC ("KGS") announces that a securities class action lawsuit was filed in the United States District Court for the District of Massachusetts, on behalf of purchasers of the common stock of Waters Corporation ("Waters Corp." or the "Company") (NYSE: WAT) during the period between January 24, 2007 and January 22, 2008, inclusive (the "Class Period"). No class has yet been certified in this action.

If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@kgscounsel.com.

Waters Corp. and certain of its officers are charged with violating the Securities Exchange Act of 1934, for issuing a series of materially false statements that concealed and failed to disclose that the Company had published materially inaccurate and false information regarding the Company's financial condition. Specifically, the complaint charges that Waters Corp. failed to disclose that it knew or was reckless in not knowing that, throughout the Class Period: (i) Waters Corp. was experiencing a slowdown in sales in the Japanese market as a result of decreased government regulation, which reduced the need for its products and services; (ii) that earnings were being materially impacted by an increased tax rate; and (iii) as a result of the foregoing, Waters Corp. lacked a reasonable basis for publishing 2007 earnings guidance.

Investors only learned the truth about the Company on January 22, 2008, after Waters Corp. announced disappointing financial results for 4Q and full-year 2007, and after defendants had finished liquidating tens of millions of dollars of their personally held Waters Corp. common shares. Moreover, following the publication of these belated disclosures, shares of Waters Corp. declined precipitously -- falling $14.65 per share, or approximately 20%, to close at $58.58 per share, on heavy trading volume.

If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than January 12, 2009. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on securities class action litigation with offices in New Orleans and New York City.

KGS' lawyers have significant experience litigating complex securities class actions. Among other cases, KGS has been appointed Lead or Co-Lead Counsel in the following securities cases: In re: U.S. Auto Parts Networks, Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation, S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc. Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.; Pegasus Wireless Corp., S.D. Fla.; In re Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm. Systems Inc., N.D. Cal.; and In re BigBand Networks, Inc. Securities Litigation, N.D. Cal.

SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may consider to represent your interests in the Waters Corp. class action. The Private Securities Litigation Reform Act ("PSLRA") permits Waters Corp. shareholders to choose counsel of their choice to prosecute this action. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the Waters Corp. action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS. While KGS has not filed suit yet, the firm is currently conducting its own investigation of Waters Corp. and invites shareholders to evaluate its complaint when choosing counsel.

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