Cryolife, Inc.: Class Action Lawsuit Brought Against Cryolife - 09/04/2002

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_______________
Copyright © 2001
Stanford Law School


2002 News and Press Releases

News News 2002


HEADLINE ARCHIVED:

Cryolife, Inc.: Class Action Lawsuit Brought Against Cryolife
By: Unknown


Biotech Week. Wednesday, September 4, 2002

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EXCERPT: The Law Firm of Cauley Geller Bowman & Coates, LLP announced that a class action lawsuit has been filed in the United States District Court for the Northern District of Georgia, Atlanta Division on behalf of purchasers of CryoLife, Inc., (CRY) publicly traded securities during the period between August 11, 2000, and June 26, 2002, inclusive (the "Class Period"). The complaint charges that the company, although purporting to be a "leader in the development and commercialization of implantable human tissue" and that "patient safety is of paramount concern to us" was, in reality not in compliance with U.S. Food and Drug Administration guidelines. Inherent in those representations is that the company abides by and follows all FDA rules, regulations, and guidelines.

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