BOCA RATON, Fla., Nov. 17 /PRNewswire/ -- Rexall Sundown, Inc.
(Nasdaq: RXSD) announced today that four class action complaints alleging
violations of the federal securities laws have been filed against it and
certain officers and directors of the Company. These suits purport to be on
behalf of all persons who purchased Rexall Sundown common stock between March
19, 1998 and November 5, 1998.
Following initial review of the complaints, Rexall Sundown believes that
the allegations are completely without merit, the lawsuits are groundless, and
the Company will vigorously defend against them.
Rexall Sundown Inc. develops, manufactures and distributes vitamins,
nutritional supplements and other consumer health products in the United
States and internationally. Visit the Company's websites at
http://www.rexallsundown.com or http://www.rexallshowcase.com.
This press release may contain "forward-looking statements" as such term
is defined in the Private Securities Litigation Reform Act of 1995 or by the
Securities and Exchange Commission in its rules, regulations and releases,
which represents the Company's interpretation or beliefs. These forward-
looking statements, by their nature, involve substantial risks and
uncertainties, certain of which may be beyond the Company's control and actual
results may differ materially depending on a variety of important factors
including uncertainties related to acquisitions, government regulation,
managing and maintaining growth, litigation, the effect of adverse publicity,
reliance on independent distributors of Rexall Showcase International,
competition and other factors described in the Company's filings with the
Securities and Exchange Commission.
SOURCE Rexall Sundown, Inc.
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Related links:
http://www.rexallsundown.com
CONTACT:
Geary Cotton, Chief Financial Officer of
Rexall Sundown, Inc., 561-241-9400; or General Information,
Karen Griffiths, or Analyst Information, Lynn Sawyer-Landau, both
of The Financial Relations Board, 212-661-8030
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