Albany Molecular Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor Investigate Possible Breaches of Fiduc...
November 14 2014 - 11:08AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor LLP announce that a
federal class action lawsuit has been filed against Albany
Molecular Research, Inc. (“Albany Molecular” or “Company”)
(NasdaqGS: AMRI) and several officers and directors for acts taken
during the period of August 5, 2014 to November 5, 2014 (the “Class
Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and
Board of Directors of Albany Molecular. If you are an affected
Albany Molecular shareholder and want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor
LLP, toll free (877) 728-9607, or via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated
certain provisions of the Securities Exchange Act of 1934.
Specifically, the complaint alleges that defendants’ misrepresented
and/or failed to disclose that its OsoBio facility experienced a
power interruption in July, 2014, which lead to the loss of
finished product and required remediation of one of its suites. As
a result, Albany Molecular’s financial guidance was materially
false and misleading at all relevant times. According to the
complaint, when the truth was revealed to the market, the Albany
Molecular stock plummeted over 35%.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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