StockerYale Inc. NASD: STKR

A securities class action has been filed against StockerYale and certain of its officers and directors on behalf of purchasers of StockerYale Inc. (NASDAQ: STKR) publicly traded common stock during the period between April 19, 2004, and November 9, 2004, inclusive (the "Class Period").

The complaint charges that StockerYale and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities and Exchange Act by issuing false and misleading press releases on April 19 and April 21, 2004, in which the Company falsely announced that StockerYale had entered into a contract with BAE Systems to develop a laser for a missile countermeasure system to protect commercial planes. Additionally, the press releases misrepresented that StockerYale was supplying the lasers as part of a Department of Homeland Security project. In fact, StockerYale was not involved in any Department of Homeland Security project and was not developing a laser missile countermeasure system for commercial planes.

Within minutes of the publication of the first press release on April 19th, StockerYale's share price surged as a result of the positive announcements. StockerYale CEO Mark Blodgett sold 250,000 shares of stock for over $1.6 million the next day. Lawrence Blodgett, a director, sold 56,900 shares of stock for over $350,000.

On May 23, 2005, the SEC announced it had entered into a consent judgment settling charges against StockerYale and Mark Blodgett.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.