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Shareholder Class Action Filed Against Candela Corporation by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
Date:4/22/2008

RADNOR, Pa., April 22 /PRNewswire/ -- 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 District of Massachusetts on behalf of all purchasers of securities of Candela Corporation (Nasdaq: CLZR) ("Candela" or the "Company") from February 1, 2006 through August 21, 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 info@sbtklaw.com.

The Complaint charges Candela and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Candela manufactures and distributes clinical solutions that enable physicians, surgeons, and personal care practitioners to treat selected cosmetic and medical conditions using lasers, aesthetic laser systems, and other advanced technologies. 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 the Company was not able to remain competitive in the field; (2) specifically, the Company was not offering a competitive multi-configuration/multi-application device and was losing market share; (3) that the Company and Palomar Medical Technologies, Inc. ("Palomar") had exchanged various communications concerning the prospect of patent lit
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SOURCE Schiffrin Barroway Topaz & Kessler, LLP
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