SOURCE: Gilman Law LLP

Gilman Law LLP

November 30, 2011 15:48 ET

Securities Fraud Lawsuit Announced Against Cooper Companies by Gilman Law

NAPLES, FL--(Marketwire - Nov 30, 2011) - Gilman Law LLP, a leading national securities law firm, announces that a securities fraud class action lawsuit has been filed against The Cooper Companies, Inc. ("Cooper" or the "Company") and certain of its officers and directors in the U.S. District Court for the Northern District of California for violations of the Securities Exchange Act of 1934. Shareholders allege that Cooper issued false and misleading statements that caused the Company's stock to trade at artificially inflated prices. If you purchased or otherwise acquired shares of Cooper (NYSE: COO) between March 4, 2011 and November 15, 2011, ("Class Period"), and either lost money on the transaction or still hold the shares, you may contact Gilman Law LLP by no later than January 27, 2012 ("Class Period") at http://www.investment-losses.com/ or TOLL FREE at (888) 252-0048. To view other securities that are under investigation, click here.

Based in Pleasanton, California, Cooper, through its wholly-owned subsidiary CooperVision, develops, manufactures and globally markets contact lenses. The complaint alleges that Cooper failed to disclose that: (1) CooperVision's Puerto Rico and UK manufacturing facilities were experiencing serious manufacturing process defects and quality control problems, resulting in dangerously high levels of silicone oil residue being left on the contact lenses; (2) Cooper contact lens users were experiencing high incidents of severe eye pain, torn corneas, and requiring extensive medical treatment; (3) CooperVision's sales of contact lenses would be adversely impacted once physicians learned of the quality control and product safety problems; and (4) Cooper had intentionally downplayed the extent of the quality control problems and the breadth of products involved in the August 2011 recall announcement. As a result, it was not possible for the Company to meet the fiscal 2011 and 4Q 2011 financial guidance during the Class Period.

For over 30 years, Gilman Law LLP represents institutional and individual investors in class action, complex securities and corporate governance litigation. For more information on the Cooper investor class action lawsuit, please visit our websites at http://www.gilmanlawsecuritiesstocksbondsfraud.com, and http://naplessecuritiesinvestmentfraud.com.

Contact Information

  • Contact:
    Kenneth G. Gilman, Esq.
    Gilman Law LLP
    Beachway Professional Center Tower
    Suite 307
    3301 Bonita Beach Road
    Bonita Springs, FL 34134
    kgilman@gilmanpastor.com
    (239) 221-8301