METAIRIE, La., Aug. 22, 2007 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, L.L.C. ("O'Bell") announces that it has commenced an investigation into Physicians Formula Holdings Inc. ("Physicians Formula" or the "Company") (Nasdaq:FACE) to determine whether it has violated federal securities laws in connection with its November 2006 and April 2007 public stock offerings.
Physicians Formula stock has lost more than half its value since May 8th, when the Company said its second-quarter results would miss analyst estimates. The company cut its quarterly and full-year outlook in July, and lowered its 2007 forecast again on Tuesday. Physicians Formula began trading in November, and set a low of $8.26 per share on August 16, 2007.
If you are a Physicians Formula shareholder, and/or have information that would assist in this ongoing investigation, or have other questions, you may e-mail or call O'Bell, without obligation or cost to you. You may contact Eric J. O'Bell personally at 504-456-8677, or by email at ejo@obelllawfirm.com.