SAN DIEGO, Oct. 7, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of BioScrip Inc (BIOS) common stock over alleged violations of Federal Securities Laws by BioScrip Inc in connection with certain allegedly false and misleading statements made between August 8, 2011 and September 20, 2013.
Investors who purchased shares of BioScrip Inc (BIOS) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that BioScrip Inc improperly distributed the product Exjade through its specialty pharmacy operations, that BioScrip Inc was in violation of certain federal and state laws and regulations, and that as a result of the foregoing BioScrip's statements were materially false and misleading at all relevant times.
On September 23, 2013, BioScrip Inc disclosed that it received a civil investigative demand issued by the United States Attorney's Office for the Southern District of New York and a subpoena from the New York State Attorney General's Medicaid Fraud Control Unit, regarding the distribution of the Novartis Pharmaceuticals Corporation product Exjade(R) by the Company's legacy specialty pharmacy division.
Shares of BioScrip Inc declined from $11.72 per share on Sept. 20, 2013, to $8.31 per share on Sept. 25 2013.
The plaintiff seeks to recover damages on behalf of all purchasers of BioScrip Inc common stock between August 8, 2011 and September 20, 2013.
Those who purchased shares of BioScrip Inc (BIOS) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.