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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

igation by Palomar, which if commenced would increase costs; (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 any reasonable basis when made.

On August 10, 2006, the Company announced that it had filed a claim against Palomar asserting that certain Palomar systems infringed on upon patents held by Candela. The Company stated that it would seek an injunction and monetary damages. Then, on August 21, 2006, the Company shocked investors when it reported that net income for the fourth quarter would be $0.10 per share, well below the $0.23 per share analysts had expected. The Company announced that it was not satisfied with these results, and that it would examine its position and the market and plan to introduce new products in the first half of 2007. Upon the release of this news, the Company's shares declined $4.16 per share, or 28.71 percent, to close on August 22, 2006 at $10.33 per share, on unusually heavy trading volume.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Barroway Topaz & Kessler which prosecutes class actions in both state and federal courts throughout the country. Schiffrin Barroway Topaz & Kessler is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.

For more information about Schiffrin Barroway Topaz & Kessler or to sign up to participate in this action online, please visit http://www.sbtklaw.com

If you are a member of the class described above, you may, not later than June 2, 2008, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on
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SOURCE Schiffrin Barroway Topaz & Kessler, LLP
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