BENSALEM, Pa., April 28, 2006 (PRIMEZONE) -- Smith & Smith LLP announces a May 19, 2006, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of shareholders who purchased securities of Northfield Laboratories, Inc. ("Northfield Labs" or the "Company")(Nasdaq:NFLD) between February 20, 2004 and February 21, 2006, inclusive (the "Class Period"). The shareholder lawsuit is pending in the United States District Court for the Northern District of Illinois.
The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period concerning the Company's business and prospects, thereby artificially inflating the price of Northfield Labs securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Northfield Labs securities between February 20, 2004 and February 21, 2006, you have certain rights, and have until May 19, 2006, in which to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. 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 Howard Smith, Esquire, of Smith & Smith LLP, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone, Toll-Free at (866)759-2275, or by email to howardsmithlaw@hotmail.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.