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Celera Corporation (CRA) Says Shareholder Lawsuit without Merit



6/15/2010 7:50:43 AM

ALAMEDA, Calif., Jun 15, 2010 (BUSINESS WIRE) -- Celera Corporation today confirmed that a purported class action lawsuit was filed against the Company and certain of its officers and announced on June 14, 2010. The lawsuit alleges that during the period from April 24, 2008 through July 22, 2009, the Company issued false and misleading statements regarding the Company's business and financial results, and seeks unspecified damages on behalf of an alleged class of purchasers of the Company's stock during this period. Celera believes that the allegations are without merit and intends to vigorously defend the action.

About Celera

Celera is a healthcare business focusing on the integration of genetic testing into routine clinical care through a combination of products and services incorporating proprietary discoveries. Berkeley HeartLab, a subsidiary of Celera, offers services to predict cardiovascular disease risk and improve patient management. Celera also commercializes a wide range of molecular diagnostic products through Abbott and has licensed other relevant diagnostic technologies developed to provide personalized disease management in cancer. Information about Celera Corporation, including reports and other information filed by the company with the Securities and Exchange Commission, is available at http://www.celera.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believe," among others. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. In order to comply with the terms of the safe harbor, Celera notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These statements include those related to the merits of the lawsuit and defense to the allegations contained in the lawsuit. Actual events or results may differ from Celera's expectations. There can be no assurance that Celera will successfully defend any lawsuit. For additional information about the risks and uncertainties that Celera faces and a discussion of its financial statements and footnotes, see documents filed by Celera with the SEC, including its annual report on Form 10-K and all subsequent periodic reports. All information in this press release is as of the date of the release, and Celera does not undertake any duty to update this information, including any forward-looking statements, unless required by law.

Copyright(C) 2010. Celera Corporation. All Rights Reserved. Celera is a registered trademark of Celera Corporation or its subsidiaries in the U. S. and/or certain other countries.

SOURCE: Celera Corporation

Celera Corporation David Speechly, Ph.D., 510-749-1853 David.Speechly@celera.com

Copyright Business Wire 2010


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