NEW YORK, Sept. 15, 2009 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that a lawsuit has been commenced in the United States District Court for the Northern District of Georgia on behalf of purchasers of Immucor, Inc. ("Immucor" or the "Company") (Nasdaq:BLUD) stock during the period between October 19, 2005, through April 23, 2009 (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 Immucor common stock during the Class Period, and wish to move the court for appointment of lead plaintiff, you must do so by October 26, 2009. 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 Sue Lee 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 slee@brualdilawfirm.com or visit our website at www.brualdilawfirm.com.
The Complaint alleges that, throughout the Class Period, defendants materially misrepresented Immucor's business operations by failing to disclose that Immucor was operating in violation of the U.S. antitrust laws. On April 24, 2009, Immucor issued a press release announcing, in part, that it had "received a subpoena from the United States Department of Justice, Antitrust Division... pertaining to an investigation of possible violations of the federal criminal antitrust laws in the blood reagents industry." On this news, Immucor's closing stock price fell from $20.98 on April 23, 2009 to $15.35 on the next trading day.
The Brualdi Law Firm, P.C. is 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.
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