SOURCE: Murray, Frank & Sailer LLP

March 04, 2008 18:57 ET

Murray, Frank & Sailer LLP Has Filed a Shareholder Class Action Against SunOpta, Inc.

NEW YORK, NY--(Marketwire - March 4, 2008) - Murray, Frank & Sailer LLP has filed a class action in the Southern District of New York on behalf of shareholders who purchased or otherwise acquired the securities of SunOpta, Inc. ("SunOpta" or the "Company") (NASDAQ: STKL) during the period August 8, 2007, through January 25, 2008, inclusive (the "Class Period"). The case has been given Civil Action No. 08-cv-1313.

The complaint charges SunOpta and certain of its officers and directors with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that the defendants failed to disclose that SunOpta lacked adequate internal controls, improperly overstated SunOpta's earnings during the Class Period, and materially misrepresented that SunOpta's financial results were prepared in accordance with Generally Accepted Accounting Principles ("GAAP").

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the proposed Class, you may move the court no later than March 28, 2008, to serve as a lead plaintiff for the Class. A lead plaintiff is a representative chosen by the Court, who acts on behalf of other class members in directing the litigation.

Murray, Frank & Sailer LLP and its predecessor firms have devoted their practice to shareholder class actions and complex commercial litigation for more than fifteen years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States. For more information you may visit our website at www.murrayfrank.com. If you would like to discuss this action, this announcement, or your rights and interests, please contact plaintiff's counsel Brian D. Brooks of Murray, Frank & Sailer LLP.

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