Securities Class Action Lawsuit Filed Against Synovis Life Technologies, Inc.

A securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Synovis Life Technologies, Inc. ("Synovis" or the "Company") between October 16, 2003, and May 18, 2004. The lawsuit alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period, thereby artificially inflating the price of the stock.

Key Takeaways:

• The class action lawsuit was filed in the United States District Court for the District of Minnesota.
• The lawsuit alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period from October 16, 2003, to May 18, 2004.
• No class has yet been certified in the above action.
• Until a class is certified, shareholders are not represented by counsel unless they retain one.
• Shareholders who purchased this stock between October 16, 2003, and May 18, 2004, have certain rights.
• Shareholders need not take any action at this time and may retain counsel of their choice.
• The contact information for Brodsky & Smith, LLC, the law office representing the shareholders, is as follows: Marc L. Ackerman, Esquire or Evan J. Smith, Esquire, at Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, via email at clients@brodsky-smith.com, or by calling toll-free 877-LEGAL-90.
• The class action lawsuit is being handled by the law office of Brodsky & Smith, LLC.

Statistics:

• The Class Period for the lawsuit is from October 16, 2003, to May 18, 2004.
• The lawsuit alleges that defendants artificially inflated the price of the stock during the Class Period.
• The lawsuit has not yet been certified, and no settlement amount has been mentioned.

Sources:

• Brodsky & Smith, LLC
• Class Action Newsline at www.primezone.com/ca By Staff News Provided by COMTEX (http://www.comtexnews.com)