SOURCE: Kahn Swick & Foti, LLC

August 26, 2013 22:00 ET

BIOLASE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Biolase, Inc. - BIOL

NEW ORLEANS, LA--(Marketwired - Aug 26, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 22, 2013 to file lead plaintiff applications in a securities class action lawsuit against Biolase, Inc. (NASDAQ: BIOL), if they purchased the Company's securities during the period between January 7, 2013 and August 12, 2013, inclusive (the "Class Period"). This action is pending in the U.S. District Court for the Central District of California.

What You May Do

If you purchased shares of Biolase and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 22, 2013.

About the Lawsuit

Biolase and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.

These false statements and omissions included, in part, that: (i) there is little evidence that dental lasers (instead of drills) provides long-term benefits to teeth, only 5% of dental offices use dental lasers, and dentists were hesitant to adopt Biolase's high-cost dental lasers; (ii) Biolase's efforts to switch to a direct sales model in the U.S. were failing; (iii) Biolase's high debt burden and the onerous terms of certain of its Comerica lines of credit were financially handicapping the Company; and (iv) Biolase was not generating cash from operations and was in default of its Comerica lines of credit.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

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