Published:
Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Waters Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the January 12, 2009 Lead Plaintiff Deadline
Brower Piven, A Professional Corporation
announces that a class action lawsuit has been commenced in the United
States District Court for the District of Massachusetts on behalf of
purchasers of the common stock of Waters Corporation ("Waters" or the
"Company") (NYSE: WAT) during the period between January 24, 2007 and
January 22, 2008, inclusive (the "Class Period").
The Complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose during
the Class Period that the Company was experiencing a slowdown in sales in
the Japanese market as a result of decreased government regulation, that
the Company's earnings were being materially impacted by an increased tax
rate; and that as a result, the Company had no reasonable basis for its
2007 earnings guidance. The complaint alleges that after the Company
announced its financial results for the fourth quarter and year-end 2007 on
January 22, 2008, and after the Company disclosed "an unexpected increase
in [its] annual tax rate, among other factors, adversely affected [its]
bottom-line performance" and other news, the value of Waters' stock
declined significantly.
No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than January 12,
2009 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You may contact Brower Piven (through hoffman@browerpiven.com or
410/986-0036) to answer any questions you may have in that regard.
If you have suffered a net loss for all transactions in Waters Corporation
common stock during the Class Period, you may obtain additional information
about this lawsuit and your ability to become a lead plaintiff by
contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A
Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven
have combined experience litigating securities and class action cases of
over 40 years. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be a
member of the class.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily News
Tags: ,ProfessionalServices:Legal, ,NYSE0001,NYSE0001,MD,BALTIMORE, MD