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06-14-2014 08:52 PM
A class action lawsuit for securities fraud was filed against PhotoMedex, the company that owns no!no! In short, his lawsuit is on behalf of investors in the company because they were mislead about the effectiveness of the no!no! I suppose another lawsuit on behalf of the consumers will eventually follow.
News article - www.reuters.com/finance/stocks/PHMD.O/key-developments/article/2883282
The lawsuit (49 page PDF document) - www.rosenlegal.com/media/casestudy/84_PMX-ComplaintWeb.pdf
06-14-2014 08:53 PM
Oh No!
06-14-2014 09:08 PM
On 6/14/2014 Happy Elizabeth said:Oh No!
Funny girl. You made me giggle.
06-14-2014 09:10 PM
No no was a no no!?
06-14-2014 09:11 PM
No no surprise to me.
06-14-2014 09:11 PM
On 6/14/2014 croemer said:No no was a no no!?
yes yes!
06-14-2014 09:19 PM
You ladies are too funny!
06-14-2014 09:23 PM
06-14-2014 09:25 PM
On 6/14/2014 croemer said:after I returned my no no I was complaining to a friend of mine about it and she said didn't you get the name? No no don't buy itNo no was a no no!?
06-14-2014 09:26 PM
On 6/14/2014 Andreatoo said: without reading the article I must say that those are two entirely different things. Securities fraud and a product that doesn't work. one is criminal and the other civil.
here's the pertinent information which may lead to a class action lawsuit.
Says Defendants made false and/or misleading statements and/or failed to disclose that: the effectiveness of the company's key product, the no!no! device, rested on flimsy, weak studies.
Says a more credible study raised serious doubts as to the effectiveness of the company's key product, and in fact showed that no!no! works no better than shaving.
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