United States District Court Ruled in Favor of Biolase Technology, Inc.
Honorable David O. Carter, United States District Judge for the Central District of California has dismissed all claims against Biolase Technology, Inc., a medical technology company, its officers and directors in the consolidated shareholder class action lawsuits filed in August 2004
The suits alleged that the company failed to disclose material information, made false statements and took actions to artificially inflate and maintain the market price of the Company’s common stock during the class period of October 29, 2003 to July 16, 2004.
Filed under Class Action, General Law, Settlements
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