Pittsburgh Law Office of Alfred G. Yates Jr., P.C. Files Class
Action Lawsuit On Behalf of Shareholders of Questcor
Pharmaceuticals (QCOR) and Announces Investigations of Assisted
Living Concepts (ALC), Blyth (BTH), Cymer (CYMI), Feihe
International (NYSE: ADY), OCZ Technology Group (OCZ), Peregrine
Pharmaceuticals (PPHM) and Union Drilling (UDRL)
PITTSBURGH, Oct. 22, 2012 /PRNewswire/ -- Notice is
hereby given by the Law Office of Alfred G.
Yates Jr., P.C. that it has filed a class action in the
United States District Court for the Central District of
California on behalf of purchasers
of Questcor Pharmaceuticals, Inc. ("Questcor") (Nasdaq: QCOR)
securities during the period between April
4, 2011 and September 21, 2012
(the "Class Period").
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact
plaintiff's counsel, Alfred G. Yates Jr.,
Esquire at 1-800-391-5164, toll free, or at yateslaw@aol.com
by e-mail. Please visit http://yatesclassactionlaw.com for more
information. Any member of the putative class may move the Court to
serve as lead plaintiff through counsel of their choice, or may
choose to do nothing and remain an absent class member. If you wish
to serve as lead plaintiff, you must move the Court no later than
November 26, 2012.
The complaint charges Questcor and certain of its officers and
directors with violations of the Securities Exchange Act of
1934. The complaint alleges that throughout the Class Period,
defendants violated the federal securities laws by disseminating
false and misleading statements to the investing public about the
effectiveness of Acthar as a treatment for MS and nephrotic
syndrome, making it impossible for shareholders to gain a
meaningful or realistic understanding of the drug's prospects and
market success. As a result of defendants' false statements,
Questcor's stock traded at artificially inflated prices during the
Class Period, reaching a high of $57.64 per share on July
9, 2012.
Plaintiff seeks to recover damages on behalf of all purchasers
of Questcor securities during the Class Period (the "Class").
The firm is also investigating actions on behalf of shareholders
for the following companies: Assisted Living Concepts, Inc. (NYSE:
ALC), Blyth, Inc. (NYSE: BTH), Cymer, Inc. (Nasdaq: CYMI), Feihe
International, Inc. (NYSE: ADY), OCZ Technology Group, Inc.
(Nasdaq: OCZ), Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM) and
Union Drilling, Inc. (Nasdaq: UDRL).
If you are a shareholder of any of the above companies and wish
learn more about any of the investigations or have any questions,
please contact Alfred G. Yates Jr.,
Esquire at 1-800-391-5164, toll free, or at yateslaw@aol.com
by e-mail.
Contact:
Alfred G. Yates, Jr.
(412) 391-5164 or Toll Free:
1(800) 391-5164, fax (412) 471-1033
website: http://yatesclassactionlaw.com
email: yateslaw@aol.com
SOURCE Law Office of Alfred G. Yates
Jr., P.C.
