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Hagens Berman Sobol Shapiro: Lawsuit Filed Against CellCyte Genetics Corporation
Date:1/18/2008

es published an article about the company's skyrocketing stock value. According to The Seattle Times, "a wave of glossy brochures and spam faxes, touting CellCyte with lofty claims, has helped propel the company's total market value to more than $440 million."

The complaint claims soon after Reys' credibility came into question, CellCyte took some of his biography information off its Web site. Within days of the removal, company stock fell 55 percent to $2.20 a share. CellCyte traded at a high of $7.02 per share just days before.

The Complaint alleges that the Defendants violated Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated there under against all defendants and that Defendants Gary A. Reys, Ronald W. Berninger, Robert H. Harris, G. Brent Pierce and James L. Rapholz violated Section 20(a) of the Exchange Act.

If you invested in CellCyte during the outlined class period you may be eligible to join this suit and move to be a lead plaintiff. The deadline for moving is March 14, 2008. You can contact plaintiff's counsel, Reed Kathrein at 510-725-3000, or via e-mail at info@hbsslaw.com. More information on this lawsuit is available at http://www.hbsslaw.com/ccyg.htm.

About Hagens Berman Sobol Shapiro

Hagens Berman Sobol Shapiro is based in Seattle with offices in Chicago, Cambridge, Los Angeles, Phoenix and San Francisco. Since 1993, it has developed a nationally recognized practice in class-action and complex litigation. Among recent successes, HBSS has negotiated a $300 million settlement in the DRAM memory antitrust litigation, one of the largest anti-trust settlements in history; a $340 million recovery on behalf of Enron employees; a $150 million settlement involving charges of illegally inflated charges for the drug Lupron, and served as co-counsel on the Visa/Mastercard litigati
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SOURCE Hagens Berman Sobol Shapiro
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