Investor in the Cooper Companies, Inc. files Lawsuit against Directors

- Shareholders Foundation

01/24/2011 - The Shareholders Foundation announces that an investor NYSE COO stocks filed a lawsuit against certain directors at the Cooper Companies, Inc. over alleged breaches of fiduciary duties in connection with the recall of Avaira Toric and Avaira Sphere contact lenses.
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Those who are current long term investors in the Cooper Companies, Inc. (NYSE:COO) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

In August 2011, the Cooper Companies, Inc. announced that its subsidiary CooperVision has initiated a recall on limited lots of Avaira® Toric contact lenses.

The plaintiff alleges that defendants intentionally downplayed the breadth and impact of its quality control problems.

But then on October 11, 2011, so the lawsuit, the U.S. Food and Drug Administration (“FDA”) would step in and issue a Class I warning and begin pressuring the Cooper Companies, Inc to provide clear notice to the public of the reasons for the recall of nearly 780,00 of its Avaira Toric lenses and the seriousness of the potential injuries.

Then on November 15, 2011, the Cooper Companies, Inc. (COO) announced that its subsidiary CooperVision has expanded its recall on limited lots of Avaira Toric contact lenses to include limited lots of Avaira Sphere contact lenses. Cooper Companies said CooperVision is expanding the recall because it identified certain lots of Avaira Sphere lenses that did not meet its updated quality requirements due to the level of a silicone oil residue.

Shares of the Cooper Companies (NYSE COO) fell from $83 per share in September 2011 to as low as $52.97 per share on November 15, 2011.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail(at)shareholdersfoundation.com

Defective Contact Lens Lawsuit Information:

If you or a loved one have suffered or been injured by defective CooperVision Avaira Toric or Sphere Contact Lenses you may be entitled to compensation. Contact the Avaira contact lens recall attorneys of Ennis & Ennis today for a free confidential case evaluation. Our on staff nurse and lawyers are standing by to answer any questions you may have regarding the CooperVision Avaira recall, a possible Avaira contacts class action lawsuit, or any other type of contact lens litigation.