CooperVision Hit With Investor Suit Over Lens Recall

Law360, New York (January 10, 2012, 7:36 PM EST) -- A shareholder derivative suit launched Monday against the board of CooperVision Inc.'s parent company claims the multinational contact lens manufacturer lied to investors about its quality control standards in the months leading up to a massive lens recall that torpedoed the company's stock.

The complaint, filed in California federal court by shareholder Joseph Operman, accuses parent company Cooper Companies Inc., President and CEO Robert S. Weiss, and seven other Cooper board members of inflating the company's stock prices with positive earnings outlooks beginning in the first...
To view the full article, register now.




Case Information

Case Title

Operman v. Weiss et al

Case Number



California Northern

Nature of Suit

Stockholders Suits


Yvonne Gonzalez Rogers

Date Filed

January 8, 2012

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.