Shareholder Class Certified Against Matrixx Initiatives For Unreported Injuries

Shareholder Class Certified Against Matrixx Initiatives For Unreported Injuries

PHOENIX - An Arizona federal judge on July 31 certified a national class of people who bought stock in Matrixx Initiatives Inc. from Dec. 22, 2007, and June 15, 2009, and allegedly saw their stock price drop because the company failed to report 800 cases of customers who lost their sense of smell (anosmia) after using Matrixx's nonprescription cold remedy nasal products (David Shapiro, et al. v. Matrixx Initiatives, Inc, et al.,  No. 09-1479, D. Ariz.).

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