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Class action looms before Synovis

This article was originally published in Clinica

Executive Summary

Synovis Life Technologies is facing a barrage of class action charges, claiming the company had issued false and misleading financial statements between October 16 2003 and May 18 2004 in order to inflate its share price. The lawsuits - filed by several US law firms including Anatoly Weiser and Charles J. Piven - seek to represent investors who had purchased, converted, exchanged and acquired common stock in the St Paul, Minnesota company during that period.

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