November 18, 2002

Dr. Thomas Tooma Sues TLC

On October 21, 2002, the Company was served with a lawsuit filed by Thomas S. Tooma, M.D. and TST Acquisitions, LLC in the Superior Court of the State of California in Orange County, California. Dr. Tooma and certain entities controlled by him have been engaged in a joint business venture in the State of California since July 1999 with TLC Vision.  The lawsuit seeks damages and injunctive relief based on the Plaintiffs' allegation that the Company's merger with Laser Vision Centers, Inc. violated certain exclusivity provisions of its agreements with the Plaintiffs, thereby giving Plaintiffs the right to exercise a call option to purchase TLC Vision's interest in the joint venture.

Since the lawsuit has only recently been served, the Company is still evaluating its position. Posted by Admin at November 18, 2002 11:28 PM