RADNOR, Pa., Oct. 1 /PRNewswire-FirstCall/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of Ohio on behalf of all purchasers of securities of LCA-Vision, Inc. (Nasdaq: LCAV) ("LCA" or the "Company") from February 12, 2007 through July 30, 2007, inclusive (the "Class Period").
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at email@example.com.
The Complaint charges LCA and certain of its officers and directors
with violations of the Securities Exchange Act of 1934. LCA is engaged in
the provision of fixed-site laser vision correction services at its
LasikPlus vision centers. More specifically, the Complaint alleges that the
Company failed to disclose and misrepresented the following material
adverse facts which were known to defendants or recklessly disregarded by
them: (1) that procedure volume at existing stores had significantly
declined; (2) that overall growth was solely coming from new store
openings; (3) that the Company was operating under defective assumptions
about its marketing budget and deferred revenue; (4) that the Company
lacked adequate internal and financial controls; and (5) that, as a result
of the foregoing, the Company's statements about its financial well-being
and future business prospects were lacking in a
|SOURCE Schiffrin Barroway Topaz & Kessler, LLP|
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