Biolase has filed a false advertising lawsuit against competitors Fotona and Technology4Medicine, claiming the companies made false and misleading statements regarding Biolase products, technology, and management.
The suit, filed February 20 in the U.S. District Court for the Central District of California, seeks both cash damages and injunctive relief. Fotona and Technology4Medicine also make dental lasers.
In August, a California law firm filed a class-action lawsuit against Biolase, accusing the company of violating the Securities Exchange Act by issuing false and misleading statements regarding its business and future prospects.
The suit was in the U.S. District Court for the Central District of California on behalf of individuals who bought Biolase stock between January 7 and August 12, 2013 (class period), according to a press release.
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