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During the Class Period, Par overstated the worth of its inventory by at least $15 million; and (iii) based on the foregoing, Par's Class Period financial statements were materially false and misleading and not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). This action will seek to recover damages on behalf of all purchasers of PainCare publicly traded securities during the Class Period due to the artificial inflation of, and subsequent decline in, PainCare's stock price which resulted from the Company's violations of the federal securities laws. As a result of the foregoing, at no time during the Class Period did defendants have a good faith basis to project earnings anywhere near $2. |
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