SMART MONEY: SEC Opens Formal Investigation of Inamed

[Guest guest]

Note from Ilena: A few years ago, there were other SEC

Investigations of Inamed ... here are the Rulings.

http://www.sec.gov/litigation/litreleases/lr16466.htm

SEC Files Settled Financial Fraud Case Against Inamed Corporation's

Former CEO McGhan

http://www.sec.gov/litigation/admin/34-41751.htm

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http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20050316-000623-

0728

WASHINGTON (Dow )--Inamed Corp. (IMDC) said Wednesday that the

Securities and Exchange Commission notified the company Feb. 24 that

it has initiated a formal private investigation to determine whether

the company violated federal securities laws.

According to Inamed's annual report filed with the SEC, the

commission asked the company to produce documents in connection with

the investigation.

The Santa Barbara, Calif.-based surgical and medical device company

said that based on subsequent communications with the SEC, it

believes the investigation relates to assessing the adequacy of its

disclosures regarding one style of its silicone gel-filled breast

implant products known as Style 153.

According to the filing, Style 153 accounted for about $3.4 million,

or less than 1%, of its total revenues in 2004.

Inamed intends to fully cooperate in the investigation, the filing

said.

-By Marc A. Wojno; Dow Newswires; 202-862-1343

(END) Dow Newswires

03-16-05 0728ET