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Follow on Google News | Caraco Pharmaceutical Laboratories Ltd. long term shareholder investigationInvestigation over shareholder claims on behalf of current long term investors in Caraco Pharmaceutical Laboratories Ltd. (Public, AMEX-CPD) continues - Contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com
By: Shareholders Foundation, Inc. Those who are long term investors in Caraco Pharmaceutical Laboratories Ltd. and/or purchased Caraco Pharmaceutical Laboratories Ltd. shares between May 29, 2008 and June 25, 2009, have certain options and should contact the Shareholders Foundation, Inc at: Email: mail@shareholdersfoundation.com Or call us at: +1 (858) 779 - 1554 An investor in Caraco Pharmaceutical Laboratories has filed a proposed securities class action lawsuit in the United States District Court for the Eastern District of Michigan behalf of certain investors of Caraco Pharmaceutical Laboratories Ltd. (Public, AMEX-CPD) over potential claims against Caraco Pharmaceutical Laboratories, Ltd. for allegedly violating Federal Securities Laws related to public statements made by the Company between May 29, 2008 and June 25, 2009. According to the complaint the plaintiff alleges that Caraco Pharmaceutical Laboratories and certain of the its executive officers violated federal securities laws by knowing or recklessly disregarding May 29, 2008 and June 25, 2009 that their public statements concerning Caraco Pharmaceutical Laboratories’ On June 26, 2009 Caraco Pharmaceutical Laboratories announced that the products in its inventory related to the FDA action are currently being identified and the early estimated value of this inventory is in the range of $15 to $20 million. In addition Caraco announced that it expects that with a cash balance as of June 25, 2009 of approximately $64 million which includes a loan of $18 million Caraco’ Those who are long term investors in Caraco Pharmaceutical Laboratories Ltd. and/or purchased Caraco Pharmaceutical Laboratories Ltd. shares between May 29, 2008 and June 25, 2009, have certain options and should contact the Shareholders Foundation, Inc at: Email: mail@shareholdersfoundation.com Or call us at: +1 (858) 779 - 1554 Shareholders Foundation, Inc. Trevor Allen 3111 Camino Del Rio North - Suite 423 - 92108 San Diego Tel:+1-(858)- Fax:+1-(858)- mail@shareholdersfoundation.com www.ShareholdersFoundation.com ____________________________________________________________ # # # Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
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