SOURCE: Stull, Stull & Brody

March 15, 2006 17:28 ET

Stull, Stull & Brody Announces Class Action Against Bausch & Lomb, Inc.

NEW YORK, NY -- (MARKET WIRE) -- March 15, 2006 -- Notice is hereby given that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the publicly traded securities of Bausch & Lomb, Inc. (NYSE: BOL) (Bausch & Lomb or the Company) between January 27, 2005 and December 22, 2005, inclusive (the Class Period).

Stull, Stull & Brody has substantial experience representing employees who suffered losses from purchases of their employers stock in their 401(k) plans. If you bought Bausch & Lomb's stock through your Bausch & Lomb retirement account and have information or would like to learn more about these claims, please contact us.

The Complaint alleges that defendant violated federal securities laws by issuing a series of materially false statements concerning Bausch & Lomb's results. Specifically, defendants issued positive statements while concealing material adverse information about the true nature of Bausch & Lomb's revenues, the lack of adequate internal controls and the underpayment of taxes resulting in tens of millions of dollars in penalties, which ultimately resulted in the restatement of the Companys financials over a period of five years.

On December 22, 2005, after the markets closed, the Company provided an update on an internal investigation related to its Brazil subsidiary and announced that it would restate its financial results for 2000 through the first half of 2005. On this news, Bausch & Lomb's stock fell to a close of $72.00 per share on December 23, 2005, a decline of over $7.00 from its close on December 22, 2005. It is alleged that, prior to these revelations of accounting fraud the Companys top officers and directors illegally reaped over $29 million in insider trading proceeds.

If you are a member of the class, you may request that the Court appoint you as lead plaintiff by no later than May 12, 2006. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class members claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in both New York and Los Angeles.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by e-mail at, by calling toll-free 1-800-337-4983, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at

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