SOURCE: Brower Piven, A Professional Corporation

December 01, 2011 11:10 ET

Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in The Copper Companies, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the January 27, 2012 Lead Plaintiff Deadline

STEVENSON, MD--(Marketwire - Dec 1, 2011) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of the common stock of The Copper Companies, Inc. ("Copper" or the "Company") (NYSE: COO) during the period between March 4, 2011 and November 15, 2011, inclusive (the "Class Period").

If you have suffered a net loss for all transactions in The Copper Companies, Inc. common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than January 27, 2012 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period problems with various lines of its contact lenses and that the FDA had received at least 40 reports of problems associated with various CooperVision contact lenses, some involving CooperVision's Avaira Toric, but many also involving its Avaira Sphere, and that dozens of users reported problems ranging from moderate pain to severe injuries, including torn corneas, which required emergency medical treatment. According to the complaint, as news that a small voluntary recall by the Company of a single line of contact lenses, its Avaira Toric manufactured in Puerto Rico, purportedly involving only a small number of users who complained of temporary hazy vision had been downplayed by the Company, after the Company was required to disclose the seriousness of the potential injuries from the defective lenses, and after, on November 15, 2011, the Company would have to expand the recall to include nearly five million Avaira Sphere lenses already shipped, the value of Cooper shares declined significantly.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

  • CONTACT:
    Charles J. Piven
    Brower Piven, A Professional Corporation
    Stevenson, Maryland
    410/415-6616
    Email Contact