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SHAWN KOEHN v PERKINELMER INC Click to find out why . . .



Keywords & Phrases
CaseNo: SKVPI148114, CourtName: MISC 3, Plaintiff: SHAWN KOEHN, State: MA Massachusetts, UniqueCaseRef: LCD>SKVPI148114, Perkinelmer, Securities, Reports, Exchange Act, Earnings, Discovery, Defendant Summe, Individual Defendants, Common Stock, Acquisition, Life Sciences, Packard Bioscience, Analysts, Artificially Inflated Prices, Optoelectronics, Misleading, Analytical Instruments, Materially False, Purchasers, Executive Officer, Relevant Times, Misrepresentations, Representatives, Defendant Friel Sold, Allegation, Material Adverse , ContentID: 120252969

Case Documents
1 2002-04-11 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 128769
31 pages
PDF
Total Documents: 1 document , 31 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
SECURITIES
PLAINTIFF
DEFENDANTS
REPORTS
EXCHANGE ACT
BUSINESS
EARNINGS
DISCOVERY
DEFENDANT SUMME
INDIVIDUAL DEFENDANTS
COMMON STOCK
ACQUISITION
LIFE SCIENCES
PACKARD BIOSCIENCE
COUNSEL
ANALYSTS
ARTIFICIALLY INFLATED PRICES
OPTOELECTRONICS
MISLEADING
ANALYTICAL INSTRUMENTS
MATERIALLY FALSE
PURCHASERS
EXECUTIVE OFFICER
RELEVANT TIMES
MISREPRESENTATIONS
REPRESENTATIVES
DEFENDANT FRIEL SOLD
ALLEGATION
MATERIAL ADVERSE
                                                                                                   
                                  UNITED  STATES  DISTRICT                    COURT
                               FOR  THE  DISTRICT         OF  MASSACHUSETTS


 SHAWN  KOEHN,  on  Behalf  of  Himself  and  all
 Others  Similarly  Situated,
                                                                  >
                                     Plaintiff,                   >
                                                                  )  CLASS  ACTION  CiZiiiJPLAjtiT 
                   vs.                                            )  FOR  VIOLATIONSh~             
                                                                  )  FEDERAL  SECURI&S-LA@*?       
 PERKINELMER,              INC.,  GREGORY  L.  SUMME              )                                
                                                                                                   
                                                                                                   
                                                                                                   
 and  ROBERT  F.  FRIEL,                                          >                                
                                                                                                   
                                                                  )  JURY      TRIAL     .,,,,;&   
                                    Defendants.                                                    
                                                                  >


         Plaintiff  has alleged  the  following  based  upon  the  investigation  of  plaintiffs 

which  included  a review  of  United  States Securities  and  Exchange  Commission  ("SEC") 

by PerkinElmer,  Inc.  ("PerkinElmer"  or  the  "Company"),  as well  as regulatory  filings  and 

securities  analysts  reports  and  advisories  about  the  Company,  press releases and  other 

statements  issued  by the  Company,  and  media  reports  about  the  Company,  and  plaintiff 

that  substantial  additional  evidentiary  support  will  exist  for  the  allegations  set forth 

reasonable  opportunity  for  discovery.

                                       NATURE  OF  THE  ACTION

         1.      This  is a federal  class action  on  behalf  of  purchasers  of  the securities 

PerkinElmer  between  July  15,200l  to  April  11,2002,  inclusive  (the  "Class  Period"), 

pursue  remedies  under  the  Securities  Exchange  Act  of  1934  (the  "Exchange  Act").


                                       JURISDICTION             AND  VENUE

          2.       The  claims  asserted  herein  arise  under  and  pursuant  to  Sections  1 O(b)
SNIPPETS:
  • Plaintiff has alleged the following based upon the investigation of plaintiffs counsel,
  • by PerkinElmer, Inc., as well as regulatory filings and reports,
  • securities analysts reports and advisories about the Company,
  • reasonable opportunity for discovery.
  • pursue remedies under the Securities Exchange Act of 1934.
  • Many of the acts charged herein, including the preparation and dissemination of materially
  • defendants maintain their chief executive offices and principal place of business
  • purchased the common stock of PerkinElmer during the Class
  • PerkinElmer is a diversified technology company, operating in three segments: Life Sciences,
  • The Individual Defendants also had access to material adverse non-public information
  • presentations to securities analysts and through them,
  • directors of the Company, at all relevant times, members of their immediate families and
  • Class and has retained counsel competent and experienced in class and securities litigation.
  • Life Sciences, Analytical Instruments and Optoelectronics.
  • their statements concerning the Company's prospects, earnings and value.
  • .the Company.could.use its common stock as currency for a major corporate acquisition.
  • strategic importance and benefits of the acquisition, defendant Summe stated that Packard's
  • PerkinElmer common stock for each share of Packard Bioscience common stock."
  • `Aggressive actions starting earlier in the year are allowing us to deliver our financial
  • representatives at the conference to the market.
  • following day, December 6, 2002, defendant Friel sold 150,000 common shares at $33.10 per
  • PerkinElmer common stock traded at artificially inflated prices during the
  • the material misrepresentations and omissions particularized
  • purchasers of PerkinElmer's securities during the Class Period suffered similar injury through
  • Plaintiff repeats and realleges each and every allegation contained above as if fully
  •    |