ENGLEWOOD CLIFFS, N.J., March 27, 2006 (PRIMEZONE) -- Gardy & Notis, LLP has filed a securities fraud class action lawsuit in the United States District Court for the Middle District of Florida on behalf of all purchasers of PainCare Holdings, Inc. (AMEX:PRZ) stock during a class period of August 27, 2002 to March 15, 2006.
The complaint charges PainCare and its CEO and CFO with engaging in accounting fraud and violating the federal securities laws by fraudulently overstating and exaggerating PainCare's financial health. On March 15, 2006, the last day of the class period, PainCare admitted that it would have to restate its financial figures going back to its founding in 2000 in order to correct the false accounting.
If you purchased or otherwise acquired PainCare stock between August 27, 2002 and March 15, 2006, and have sustained damages, you may, no later than May 19, 2006, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation, and you must meet certain legal requirements to serve as a lead plaintiff.
For more information regarding the lawsuit or to obtain a copy of the complaint, please contact plaintiff's counsel, Mark C. Gardy at Gardy & Notis, LLP:
Gardy & Notis, LLP Mark C. Gardy 440 Sylvan Avenue Englewood Cliffs, New Jersey 07632 Telephone: 201-567-7377 Fax: 201-567-7337 E-mail: mgardy@gardylaw.com Website: www.gardylaw.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.