Law Offices Of Charles J. Piven, P.A. Announce Class Action Lawsuit Against Lumenis, Ltd

Business Wire, March 22, 2002

Business Editors/Legal Writers

BALTIMORE--(BUSINESS WIRE)--March 22, 2002

Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced in the United States District Court for the Southern District of New York, on behalf of shareholders who acquired the common stock of Lumenis, Ltd. ("Lumenis") (Nasdaq:LUME) between January 7, 2002 and February 28, 2002, inclusive (the "Class Period") against Defendant Lumenis and certain of its officers.

The action alleges that Defendants violated federal securities laws by issuing false and misleading information regarding the status of an SEC investigation.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a member of the Class, you may move the court no later than May 10, 2002 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.

If you were a purchaser of shares in the Company listed above during the class period and want to discuss your legal rights, you may e-mail or call Law Offices Of Charles J. Piven, P.A. who will, without obligation or cost to you, attempt to answer your questions. Law Offices Of Charles J. Piven has been involved in securities litigation for over ten years. You may contact Law Offices Of Charles J. Piven, P.A. at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman@pivenlaw.com or by calling 410/986-0036.