The Brualdi Law Firm, P.C. Announces Class Action Lawsuit Against NBTY, Inc.
15 Maggio 2010 - 12:00AM
The Brualdi Law Firm, P.C. announces that a lawsuit has been
commenced in the United States District Court for the Eastern
District of New York on behalf of purchasers of NBTY, Inc. ("NBTY"
or the "Company") (NYSE:NTY) stock during the period between
November 9, 2009 and April 26, 2010, inclusive (the "Class Period")
for violations of the federal securities laws.
No class has yet been certified in the above action. Until a
class is certified, you are not represented by counsel unless you
retain one. If you purchased NBTY common stock during the
Class Period and wish to move the court for appointment of lead
plaintiff, you must do so by July 12, 2010. A lead plaintiff
is a representative party acting on behalf of other class members
in directing the litigation. The lead plaintiff will be selected
from among applicants claiming the largest loss from investment in
the Company during the Class Period. You do not need to seek
appointment as a lead plaintiff in order to share in any
recovery.
To be a member of the class you need not take any action at this
time, and you may retain counsel of your choice. 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 David Titus at The Brualdi Law Firm, P.C. 29 Broadway,
Suite 2400, New York, New York 10006, by telephone toll free at
(877) 495-1187 or (212) 952-0602, by email to
dtitus@brualdilawfirm.com or visit our website at
http://www.brualdilawfirm.com.
The Complaint charges that NBTY and certain of its officers and
executives violated federal securities laws. Specifically, it is
alleged that defendants failed to disclose the following material
adverse facts about the Company: (i) that NBTY was experiencing a
significant disruption in its private label business and a related
decrease in demand for its private label products; (ii) that the
Company's advertising costs were escalating far in excess of the
internal forecasts; and (iii) as a result, defendants lacked a
reasonable basis for their positive statements about NBTY.
The Brualdi Law Firm, P.C. is a New York, New York-based law
firm that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, with a
particular emphasis on sophisticated class action litigation in the
securities and antitrust areas, as well as corporate derivative
suits. More information about the firm is available through its
website, www.brualdilawfirm.com, and upon request from the
firm.
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
CONTACT: The Brualdi Law Firm, P.C.
David Titus, Esq.
(212)-952-0602
(877)-495-1187
dtitus@brualdilawfirm.com
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