Seattle Law Firm Files Class Action Against Sonus Pharmaceuticals

The Seattle law firm of Hagens Berman has filed a class action lawsuit against Sonus Pharmaceuticals, Inc. and certain of its officers and directors for alleged violations of federal securities laws. The lawsuit, filed in the United States District Court for the Western District of Washington, claims that Sonus and its executives participated in a fraudulent scheme to misrepresent the company's patents, product development, and competitive position. As a result, investors were allegedly misled into purchasing Sonus securities at an inflated price. The plaintiff, represented by Hagens Berman, seeks to recover damages on behalf of all purchasers of Sonus securities during the specified class period.

Key Takeaways:

• The class action lawsuit was filed against Sonus Pharmaceuticals, Inc. and certain of its officers and directors for alleged violations of federal securities laws.
• The lawsuit claims that Sonus and its executives participated in a fraudulent scheme to misrepresent the company's patents, product development, and competitive position.
• The plaintiff alleges that the misrepresentations caused Sonus shares to trade at an artificially inflated price during the class period.
• Hagens Berman, the law firm representing the plaintiff, has concentrated its practice in the field of class action and multi-plaintiff litigation, with experience in numerous securities and investment fraud actions.
• Hagens Berman has been appointed lead or co-lead counsel in numerous complex financial cases, resulting in recoveries totaling over $1 billion.

The law firm's experience in securities and investment fraud cases includes:

• Representing defrauded investors in complex financial cases
• Recovering billions of dollars for clients
• Concentrating practice in class action and multi-plaintiff litigation

Statistics:

• The class period spans from September 24, 1996 to June 8, 1998
• The lawsuit was filed in the United States District Court for the Western District of Washington
• The plaintiff seeks to recover damages on behalf of all purchasers of Sonus securities during the class period
• Hagens Berman has been responsible for recoveries totaling over $1 billion in complex financial cases

Sources:

• BUSINESS WIRE, Aug. 24, 1998
• Hagens Berman, P.S. website, www.hagens-berman.com
• The full complaint is available online at www.hagens-berman.com/html/sonuscontent.htm