VISX develops proprietary technologies and systems for laser vision correction. The defendants include VISX and certain of its officers. The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action arises from damages incurred by the Class as a result of a scheme and common course of conduct by defendants which operated as a fraud and deceit on the Class during the Class Period. Specifically, the complaint alleges that certain officers of VISX made false and misleading statements to the public about the Company's business prospects of its Excimer Laser Systems, which caused the the market price of VISX stock to trade at artificially high levels during the Class Period. Additionally, the complaint alleges that during the Class Period, insiders were able to sell more than $95 million of their personal holdings of VISX.
In addition, we are currently maintaining a database for those shareholders who have contacted us and we will be using this database to contact you when the entire class needs to be notified of the developments in the case. If you wish to provide us with your full name and mailing address, please fill out your information on the contact us page. Please ensure that you enter in the Ticker Symbol so we can add you to the correct database.