KO&L LLP FILES CLASS ACTION LAWSUIT AGAINST WARNER CHILCOTT LIMITED
In December, 2006, KO&L LLP filed a class action complaint against Warner Chilcott Limited (“Warner Chilcott” or the “Company”) (Nasdaq: WCRX) in the U.S. District Court for the Southern District of New York on behalf of investors who purchased the publicly traded securities of Warner Chilcott during the period from September 20, 2006 through and including September 26, 2006 (the “Class Period”).
The Complaint alleges that defendants violated Sections 11, 12(a) and 15 of the Securities Act of 1933. The Company’s Registration Statement and Prospectus issued in connection with the IPO failed to disclose that shortly prior to the IPO, the Company had stopped shipping Ovcon 35, Warner Chilcott’s top selling birth control pill and a primary source of revenue for the Company.
