NEW YORK, Oct. 22, 2015 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces that a class action lawsuit has been filed on behalf of purchasers of Spectranetics Corporation (NASDAQ:SPNC) securities from February 19, 2015 through July 23, 2015, all dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Spectranetics investors under the federal securities laws.
To join the Spectranetics class action, go to the firm’s website at http://www.rosenlegal.com/cases-708.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Spectranetics made false and/or misleading statements and/or failed to disclose to investors that: (1) Spectranetics was being adversely affected by heightening competition; (2) Spectranetics’ sales force optimization efforts were inadequate; (3) therefore, Spectranetics was failing to meet expectations; (4) Spectranetics lacked sufficient internal controls; and (5) consequently, Defendants’ statements about Spectranetics’ business, operations and prospects were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 26, 2015. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-708.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.