Stull, Stull & Brody Announces Class Action against Forest Laboratories, Inc

Business Wire, March 25, 2005

NEW YORK -- Notice is hereby given that a class action lawsuit was filed on March 24, 2005 in the United States District Court for the Southern District of New York, against Forest Laboratories, Inc. ("Forest Labs" or the "Company") (NYSE:FRX) on behalf of purchasers of Forest Labs securities between August 15, 2002 and September 1, 2004, inclusive (the "Class Period").

The complaint charges that Forest Labs violated federal securities laws by issuing false or misleading public statements. Specifically, the Complaint alleges that Forest Labs concealed deficiencies with its Celexa/Lexapro drugs in treating adolescent depression and when Forest Labs ultimately disclosed an agreement with the New York State Attorney General to make available summaries of previously undisclosed studies on the drugs, the price of Forest Labs stock dropped to as low as $36 per share.

If you purchased Forest Labs securities between August 15, 2002 and September 1, 2004, inclusive, you may, no later than May 10, 2005, request the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in both New York and Los Angeles.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by e-mail at SSBNY@aol.com, or by calling toll-free 1-800-337-4983, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.