Securities Class Action Lawsuit Against FoxHollow Technologies, Inc.
A class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of common stock of FoxHollow Technologies, Inc. (”FoxHollow” or the “Company”) (NASDAQ:FOXH - News) during the period May 13, 2005 through January 26, 2006 (the “Class Period”) alleges that FoxHollow, and certain of its officers and directors, violated Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934.
Plaintiff alleges that, during the Class Period, defendants issued materially false and misleading statements that misrepresented or concealed adverse facts, including that FoxHollow’s Chairman had directed management to acquire another private company, called Lumend, for his own benefit and ultimately caused the Company to terminate certain senior management based on their refusal to go along with the acquisition.
Plaintiff seeks to recover damages on behalf of all purchasers of FoxHollow common stock during the Class Period (the “Class”). The plaintiff is represented by Cotchett Pitre, which has extensive experience prosecuting class actions and representing investors in matters relating to alleged securities fraud. If you are a member of the class described above, you may, not later than sixty days from today, July 28, 2006, move the Court to serve as lead plaintiff of the class.
Filed under Class Action, General Law
You may also like to read
- Xerium Technologies in Security Class Action Lawsuit
- Securities Class Action Lawsuit Filed Against Powerwave Technologies Inc.
- Tier Technologies Inc. in Securities Class Action Lawsuit
- Securities Class Action Lawsuit Filed Against Himax Technologies
- Securities Class Action Lawsuit Filed Against Powerwave Technologies
- Check Point Software Technologies Ltd. in $13 Million Class Action Lawsuit Settlement
- Faro Technologies, Inc. in a Class Action Lawsuit
- Clearinghouse, A Security Class Action Information Provider
- ATI - In Class Action Danger
- US Antitrust Class Action Lawsuit Against Taiwan Chip Firms
