NEW YORK, July 16, 2005 (PRIMEZONE) -- The Rosen Law Firm http://rosenlegal.com reminds investors that they have until July 24, 2005 to seek appointment by the Court as Lead Plaintiff in the class action lawsuit filed by the Rosen Law Firm on behalf of purchasers of StockerYale (the "Company") (Nasdaq:STKR), securities during the period from April 19, 2004 through November 9, 2004.
To join the StockerYale class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com for information on the class action.
The complaint charges that StockerYale and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities and Exchange Act by issuing false and misleading press releases on April 19 and April 21, 2004 in which the Company falsely announced that StockerYale had entered into a contract with BAE Systems to develop a laser for a missile countermeasure system to protect commercial planes. Additionally, the press releases misrepresented that StockerYale was supplying the lasers as part of a Department of Homeland Security project. In fact, StockerYale was not involved in any Department of Homeland Security project and was not developing a laser missile countermeasure system for commercial planes.
A class action lawsuit has already been filed on behalf of StockerYale shareholders. If you wish to serve as lead plaintiff, you must move the Court no July 24, 2005. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com You can also join this class action online at http://www.rosenlegal.com
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca