Bausch & Lomb Faces Class Action Suit

Law360, New York (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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.