Navigation Links
Lumenis(R) Seeks Shareholder Approval of Proposed Class Action Settlement
Date:2/11/2008

YOKNEAM, Israel, Feb. 11 /PRNewswire/ -- Lumenis(R) Ltd. announced today that it has scheduled a special general meeting of shareholders to seek approval and authorization, in accordance with the Israeli Companies Law, of a proposed settlement of the securities class action litigation that has been pending against the Company in the federal court in New York since 2002. Under the terms of the proposed settlement, which has been agreed to in principle by Lumenis and the lead plaintiffs on behalf of the class, a total of $20.1 million would be contributed to a settlement fund for the benefit of the class. While Lumenis itself would contribute a portion of this fund, the major portion would be paid on behalf of the defendants by the Company's insurers.

Assuming shareholder approval is forthcoming, the settlement will still be subject to a number of conditions, including the execution and preliminary court approval of a definitive stipulation of settlement, and final court approval after there has been notice to the members of the class and a hearing as to the fairness of the proposed settlement. If the settlement is finally approved by the court, the class action litigation will be dismissed with prejudice against Lumenis and the former Lumenis officers and directors who have been named as defendants.

About Lumenis Ltd.

Lumenis is Israel's largest medical device company with more than 1,000 employees worldwide. The Company invests heavily in R&D and holds a leading position in the markets in which it serves. Lumenis has over 250 patents worldwide, over 75 FDA clearances, worldwide presence in over 100 countries, and an installed base of over 70,000 systems. In December 2006, a group led by a private equity consortium LM Partners LP and Ofer Hi-Tech Group invested approximately $150 million in the Company.

Contact:

Michelle Maydan

Director of Corporate Communications

1-866-569-0597

+972-4-959-9004

e
'/>"/>

SOURCE Lumenis Ltd.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Lumenis(R) Introduces the Newest Innovations in Fractional CO2 Laser Skin Therapy
2. Mayo Clinic Seeks Mitigation for Rochester as Condition of Canadian Pacific - DM&E Railroad Merger
3. URAC Seeks Public Comment on Standards for New Pharmacy Accreditation Programs
4. NIH panel seeks to dispel stigma associated with fecal and urinary incontinence
5. Group Seeks Refinement of Knee Arthritis Treatment Guidelines
6. The Hanover Seeks to Cut Auto Rates by Up to 30 Percent or More; Shave Three Years Off States Existing Six-Year Surcharge Period
7. Leading neuroscientist seeks beauty, love and happiness
8. American Cancer Society Seeks Volunteers to Help Decide Who Gets Research Grants
9. FDA Seeks Food Recall Authority
10. Mass Financial Corp. Launches Lawsuit Against Elekta AB, Seeks Substantial Damages
11. New Legislation Seeks to Improve Access to Community Mental Healthcare
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/3/2015)... 03, 2015 Veatch Consulting Services is ... they first opened for business in April 2006, they ... needs of their clients. Each and every year they ... Consulting is proud to say that they are off ... new feature recently added this year is the Customer ...
(Date:6/2/2015)... 2015 Allred Dental, a dental office based ... months June-September, 2015 along with a $100 off with free ... only. , “Sometimes wisdom teeth can be impacted, meaning that ... can also only partially break through the gum, causing pain ... easier in young people, as they do not have fully ...
(Date:6/2/2015)... June 02, 2015 Food Lion will ... sixth annual “Thriller on the Griller” events, starting June ... South Carolina locations. Each event will raise funds for ... restoring a sense of self, restoring the family unit, ... military families. , Through these events, Food Lion ...
(Date:6/2/2015)... Angeles, CA (PRWEB) June 02, 2015 Highly ... have unveiled a plan to drive prolific change in the ... the TDC Team Dental Clinic offers a full ... an expert management structure for dental tourism. , Partnered with ... care team is committed to advancing dentistry and has earned ...
(Date:6/2/2015)... The term “Augmented Reality” was coined in ... the real world. Since then many promising technologies have ... map of the vasculature on the surface of the ... AccuVein, the leader in vein visualization, exemplifies this growth ... such widespread adoption of its AccuVein AV400 devices that ...
Breaking Medicine News(10 mins):Health News:Veatch Consulting Services Is Breaking New Ground in Customer Satisfaction 2Health News:Veatch Consulting Services Is Breaking New Ground in Customer Satisfaction 3Health News:$100 Off Coupon for Wisdom Teeth Extractions Offered at Allred Dental 2Health News:Food Lion to Launch “Thriller on the Griller” Events to Benefit Military Families through Hope For The Warriors® 2Health News:Food Lion to Launch “Thriller on the Griller” Events to Benefit Military Families through Hope For The Warriors® 3Health News:Team Dental Clinic Unveils Plan to Drive Change in the Dental Tourism Industry 2Health News:Team Dental Clinic Unveils Plan to Drive Change in the Dental Tourism Industry 3Health News:Vein Visualization Emerges as Premier Augmented Reality Application 2
... Fla., Sept. 3 Statistics show that 90% of us,will ... doesn,t sit,well with the people of Central Florida -- they,re ... was joined by dozens of,community and business leaders to announce ... for Central Floridians and issue a,challenge for at least 1 ...
... cells in the brain are lost through disease or injury, ... few areas in the brain are able to produce new ... that reside in an area of the brain called the ... newborn cells in these areas have not been well described ...
... 3 The CtW Investment Group sent the,following letter ... chairperson Dr. Mary S. Metz in response to the ... (CVS) not to reveal the value of its real ... September 2, 2008, Dr. Mary S. Metz, ...
... of the Red Cross Annual Disaster Giving Program ... - Hurricane Gustav,created a critical need for overnight ... following Gustav,s landfall along the Gulf,Coast, the American ... near Texas, Louisiana, Mississippi and Alabama for hurricane,season ...
... stress affects the human body, researchers at the Yerkes ... and Behavioral Sciences, Emory University, have created an animal ... and reproduction. , Developing the animal model better positions ... stress and the body reaction in order to develop ...
... 2008 The U.S. Pharmacopeial (USP) Convention,s 2008 ... Kansas City, Mo., September 24 to 26. The ... USP experts responsible for establishing internationally recognized standards ... dietary supplements. The focus will be on Quality ...
Cached Medicine News:Health News:Mayor Issues Million Resident Challenge To Educate Central Florida About Blood Pressure 2Health News:Mayor Issues Million Resident Challenge To Educate Central Florida About Blood Pressure 3Health News:Mayor Issues Million Resident Challenge To Educate Central Florida About Blood Pressure 4Health News:Mayor Issues Million Resident Challenge To Educate Central Florida About Blood Pressure 5Health News:Mayor Issues Million Resident Challenge To Educate Central Florida About Blood Pressure 6Health News:New methods identify and manipulate 'newborn' cells in animal model of Parkinson's disease 2Health News:CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure 2Health News:CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure 3Health News:CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure 4Health News:CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure 5Health News:CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure 6Health News:CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure 7Health News:American Red Cross Responds to Hurricane Gustav 2Health News:American Red Cross Responds to Hurricane Gustav 3Health News:Yerkes researchers create animal model of chronic stress 2Health News:USP's 2008 Annual Scientific Meeting to convene scientific experts from around the world 2
(Date:6/2/2015)... -- Research and Markets ( http://www.researchandmarkets.com/research/g5r2nj/surgical_incision ) has announced the ... Business Report" report to their offering. The ... Canada , Japan , ... Latin America , and Rest of World. ... in US$ Million by the following Product Segments: Stapler Products ...
(Date:6/2/2015)... -- BioDelivery Sciences International, Inc. (NASDAQ: BDSI ) announced ... Mark A. Sirgo , President and Chief Executive Officer of ... Jefferies 2015 Global Healthcare Conference Tuesday, June 2 2:30 ... City , NY The presentation will be ... For those who are not available to listen to the ...
(Date:6/2/2015)... , June 2, 2015 Intarcia Therapeutics, ... $75 million from its recently announced synthetic royalty / ... $300 million. Investors have purchased Convertible Limited Recourse Notes ... equal to 2.0% of any future global net sales ... fully paid. Investors also have the option, commencing upon ...
Breaking Medicine Technology:Surgical Incision Closures - Global Strategic Business Report 2015 2BioDelivery Sciences to Present at the Jefferies 2015 Healthcare Conference - Schedule Change 2BioDelivery Sciences to Present at the Jefferies 2015 Healthcare Conference - Schedule Change 3Intarcia Exercises Re-Opener For Its Recently Closed Royalty / Equity Convert Financing - Raising Total To $300 Million 2Intarcia Exercises Re-Opener For Its Recently Closed Royalty / Equity Convert Financing - Raising Total To $300 Million 3
... Neb., May 15 Creighton Medical Laboratories, based at ... announced today that it has become the first clinical ... testing method for cancer. The method, called SNP array ... to study cancer for several years. However, Creighton Medical ...
... Case Demonstrating RenalGuard To Be PresentedFRANKLIN, Mass., May ... PLCSF), a company focused on innovative cardiac and ... will demonstrate its RenalGuard System(TM) at EuroPCR, the ... Cardiovascular Interventions (EAPCI), May 19-22, 2009, in Barcelona, ...
Cached Medicine Technology:Creighton Medical Laboratories First to Offer New Cancer Test 2Creighton Medical Laboratories First to Offer New Cancer Test 3PLC Medical Systems to Demonstrate RenalGuard(R) at EuroPCR 2009 2PLC Medical Systems to Demonstrate RenalGuard(R) at EuroPCR 2009 3PLC Medical Systems to Demonstrate RenalGuard(R) at EuroPCR 2009 4
The Dolphin Voyager is a pulse oximetry engine designed in the standard Compact Flash format. This card slides into any Compact Flash socket and, with the accompanying Dolphin ONE software, provides ...
Weighing just two ounces, this durable, self-contained unit delivers an accurate pulse rate and bloodoximetry in just seconds....
All-in-One Fingertip Oximeter...
Ergonomically designed, the Invacare Printing Pulse Oximeter provides fast, reliable spot-check information and documentation of SpO2 and pulse rate. It is ideal for all patients from neonate to adul...
Medicine Products: