Reminder Of The Deadline: 12-02-08 For The Class Action Lawsuit On Behalf Of Certain Medicis Pharmaceutical Corp. (NYSE: MRX) Investors
Last Update In The Shareholder Class Action Lawsuit Against Medicis Pharmaceutical Corp. (NYSE: MRX) For Allegedly Issuing Materially Inaccurate Financial Statements +++ Go To -> www.ShareholdersFoundation & Never Miss A Deadline +++
A deadline is coming up in the shareholder lawsuit against Medicis Pharmaceutical Corp. (NYSE: MRX) for allegedly issuing materially inaccurate financial statements. The deadline will expire on December 2, 2008.
If you were or are currently an investor in Medicis Pharmaceutical Corp. (NYSE: MRX) stock between October 30, 2003 through September 24, 2008, you have certain rights and there are strict deadlines running (December 2, 2008). You should immediately contact the Shareholders Foundation, Inc.
On Friday, October 3, 2008, an shareholder has filed a proposed class action lawsuit in the United States District Court for the District of Arizona on behalf of all purchasers of Medicis Pharmaceutical Corp. (NYSE: MRX) stock during the period from October 30, 2003 through September 24, 2008 for allegedly violating federal securities laws by issuing materially inaccurate financial statements to the investing public. The complaint accuses Medicis Pharmaceutical Corp. and certain of its officers for violation of Sections 10(b) and 20(a) of the Exchange Act. Specifically the plaintiff alleges Medicis Pharmaceutical Corp. issued a series of materially false and misleading press releases and filed corresponding forms with the SEC within the class period. Then on September 24, 2008 the truth began to emerge and Medicis Pharmaceutical Corp. announced that it intends to restate its financial statements for each of the accounting periods beginning July 1, 2003 and ending June 30, 2008, and that investors can no longer rely on these financial statements. According to the complaint the restatement was necessary because Medicis Pharmaceutical Corp. applied an improper accounting method in determining reserves for sales returns between October 30, 2003 and September 24, 2008. As a result of this news stock price of Medicis Pharmaceutical Corp. was caused to fall significantly, damaging investors, so the lawsuit.
If you were or are currently an investor in Medicis Pharmaceutical Corp. (NYSE: MRX) stock between October 30, 2003 through September 24, 2008, you have certain rights and there are strict deadlines running (December 2, 2008). You should immediately contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
Allen Trevor
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739 Mail@ShareholdersFoundation.com www.ShareholdersFoundation.com
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