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Bausch & Lomb Faces Class Action Suit

Law360 (March 14, 2006, 12:00 AM EST) -- A pension fund filed a class action suit against Bausch & Lomb, Inc. on Monday, claiming that the eye health company and its top executives created a misleading “façade of success” and that directors illegally reaped more than $29 million in insider trading profits.

The suit, made on behalf of the Laborers Local 100 and 397 Pension Fund that purchased Bausch & Lomb securities during the class period between Jan. 27, 2005 and Dec. 22, 2005, accused the company and some of its executives of violating...
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