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ADAC Labs

This article was originally published in The Gray Sheet

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Executive Summary

Law firm of Barrack, Rodos & Bacine adds to a growing list of class action suits maintaining that the company's officers issued "false and misleading" financial results from Jan. 1996 through Dec. 1998. The suit, filed in San Francisco federal court, was sparked by ADAC's Dec. 29 announcement that financial results for 1996-98 would be restated and that the adjustments would "have a material adverse impact" on fiscal 1996 and 1997 results

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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