Law360, New York (November 29, 2011, 12:00 AM ET) -- A shareholder in the parent company of CooperVision Inc. launched a class action Tuesday in California federal court accusing the company of playing up the quality of its products when it was about to initiate a massive contact lens recall.
The Cooper Cos. Inc. and several executives violated federal securities laws by misleading the company's shareholders about its quality control, according to a complaint filed in federal court by plaintiff Harold Greenberg.
The company began moving its contact lens manufacturing facilities from Norfolk, Va., to Puerto...
Lens Maker Sued Over Hazy Quality Control Standards
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