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Recent Cases

Perkin Elmer, Inc.

A class action lawsuit was commenced on behalf of all persons and entities who purchased or otherwise acquired Perkin Elmer, Inc. ("Perkin Elmer") securities between July 15, 2001 and April 11, 2002, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). The complaint names Perkin Elmer, Gregory L. Summe and Robert F. Friel as Defendants. The complaint alleges that Defendants issued numerous statements and filed quarterly and annual reports with the SEC which described the Company's earnings and financial performance. The complaint specifically alleges that these statements were materially false and misleading because they failed to disclose and/or misrepresented the following adverse facts, among others: (i) that the Company's Optoelectronics sector was undergoing a serious decrease in its business, hindering it from creating revenues aligned with defendants' expectations; (ii) that PerkinElmer had not written down tens of millions of dollars of inventory possessed by that division, in effect, misrepresenting and overstating the operating results of the Company; and (iii) that as a result, the value of the Company's financial results were materially overstated at all relevant times.

Click here to view the complaint.

Click here to view the press release.

Click here to join this class action.

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To find out more about this case, please contact us at shareholderrelations@spornlaw.com or 212-964-0046.

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