Lawsuit Filed on Behalf of Investors

Apr 13, 2001, 01:00 ET from Schoengold & Sporn, P.C.,

    NEW YORK, April 13 /PRNewswire/ -- The following is being issued today by
 Schoengold & Sporn, P.C.:
 
     A lawsuit has been filed on behalf of all persons and entities that
 purchased the publicly traded securities of Bausch & Lomb (NYSE:   BOL) during
 the period April 13, 2000 through August 24, 2000 (the "Time Period").  If you
 purchased the publicly traded securities of Bausch & Lomb during the Time
 Period and wish to participate in the litigation or obtain more information,
 you may contact the lawyers handling the case by calling toll free (866) 348-
 7700 or by e-mailing our Shareholder Relations Manager Ashley Kim at
 shareholderrelations@spornlaw.com.  Any e-mail should include your name,
 address, phone number and the number of shares you purchased within the Time
 Period.
     The complaint alleges that during the Time Period, Bausch & Lomb was
 suffering the effects of several critical, long-term problems associated with
 its vision care and pharmaceutical segments, including a lack of growth in new
 business and pricing pressures from competition.  However, instead of
 disclosing the true nature and extent of these problems, Bausch & Lomb
 misrepresented that it was addressing certain short term issues that were in
 the process of being fixed.  When the true nature and extent of the problems
 began to be disclosed, Bausch & Lomb's stock price declined precipitously.
 The claims asserted arise under Sections 10 and 20 of the 1934 Act.  Named as
 defendants in the suit are Bausch & Lomb and William Carpenter, Bausch &
 Lomb's then Chairman and CEO.  The case is pending in the United States
 District Court for the Western District of New York.  Any subsequently filed
 cases seeking similar relief and relating to the same facts as alleged herein
 are expected to be consolidated into this case.
     Under recent amendments to the securities laws, if you are a shareholder
 of Bausch & Lomb and purchased your stock during the Time Period, you may seek
 to be appointed as the person or group of persons which litigates the case on
 behalf of the other similarly situated shareholders.  The deadline to seek
 such status expires June 12, 2001.
     The Sporn firm was established in 1962 and has specialized in this type of
 litigation for over 35 years.  The firm was credited by the Wall Street
 Journal for its work in the Wedtech Securities case, which was settled for
 $77.5 million, as follows:
 
           "$77.5 million settlement ... reached in a securities fraud case
           stemming from the Wedtech scandal ... The settlement with 29
           defendants ... is believed to be one of the largest ever in a civil
           ... case ... 'This is a global settlement,' said Samuel Sporn, a
           plaintiffs' attorney ... Mr. Sporn said the settlement represents
           almost half of the more than $160 million in stocks and bonds that
           Wedtech sold to the public between 1983 and 1986."
 
 
     CONTACT:  Ashley Kim, Esq.
               19 Fulton Street, Suite 406
               New York, New York 10038
               Tel: (212)964-0046
               Toll Free: (866)348-7700
               Fax: (212)267-8137
               E-Mail: shareholderrelations@spornlaw.com
 
 

SOURCE Schoengold & Sporn, P.C.,
    NEW YORK, April 13 /PRNewswire/ -- The following is being issued today by
 Schoengold & Sporn, P.C.:
 
     A lawsuit has been filed on behalf of all persons and entities that
 purchased the publicly traded securities of Bausch & Lomb (NYSE:   BOL) during
 the period April 13, 2000 through August 24, 2000 (the "Time Period").  If you
 purchased the publicly traded securities of Bausch & Lomb during the Time
 Period and wish to participate in the litigation or obtain more information,
 you may contact the lawyers handling the case by calling toll free (866) 348-
 7700 or by e-mailing our Shareholder Relations Manager Ashley Kim at
 shareholderrelations@spornlaw.com.  Any e-mail should include your name,
 address, phone number and the number of shares you purchased within the Time
 Period.
     The complaint alleges that during the Time Period, Bausch & Lomb was
 suffering the effects of several critical, long-term problems associated with
 its vision care and pharmaceutical segments, including a lack of growth in new
 business and pricing pressures from competition.  However, instead of
 disclosing the true nature and extent of these problems, Bausch & Lomb
 misrepresented that it was addressing certain short term issues that were in
 the process of being fixed.  When the true nature and extent of the problems
 began to be disclosed, Bausch & Lomb's stock price declined precipitously.
 The claims asserted arise under Sections 10 and 20 of the 1934 Act.  Named as
 defendants in the suit are Bausch & Lomb and William Carpenter, Bausch &
 Lomb's then Chairman and CEO.  The case is pending in the United States
 District Court for the Western District of New York.  Any subsequently filed
 cases seeking similar relief and relating to the same facts as alleged herein
 are expected to be consolidated into this case.
     Under recent amendments to the securities laws, if you are a shareholder
 of Bausch & Lomb and purchased your stock during the Time Period, you may seek
 to be appointed as the person or group of persons which litigates the case on
 behalf of the other similarly situated shareholders.  The deadline to seek
 such status expires June 12, 2001.
     The Sporn firm was established in 1962 and has specialized in this type of
 litigation for over 35 years.  The firm was credited by the Wall Street
 Journal for its work in the Wedtech Securities case, which was settled for
 $77.5 million, as follows:
 
           "$77.5 million settlement ... reached in a securities fraud case
           stemming from the Wedtech scandal ... The settlement with 29
           defendants ... is believed to be one of the largest ever in a civil
           ... case ... 'This is a global settlement,' said Samuel Sporn, a
           plaintiffs' attorney ... Mr. Sporn said the settlement represents
           almost half of the more than $160 million in stocks and bonds that
           Wedtech sold to the public between 1983 and 1986."
 
 
     CONTACT:  Ashley Kim, Esq.
               19 Fulton Street, Suite 406
               New York, New York 10038
               Tel: (212)964-0046
               Toll Free: (866)348-7700
               Fax: (212)267-8137
               E-Mail: shareholderrelations@spornlaw.com
 
 SOURCE  Schoengold & Sporn, P.C.,

RELATED LINKS

http://www.bausch.com