ATTENTION ROKA BIOSCIENCE SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Roka Bio...
December 19 2014 - 9:01PM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating potential violations of the federal securities laws
by Roka Bioscience, Inc. (NASDAQ: ROKA) and certain of its
officers. Roka Bioscience is a molecular diagnostics Company
focusing on the development and commercialization of molecular
assay technologies for the detection of foodborne pathogens.
Specifically, Johnson & Weaver’s investigation seeks to
determine whether certain statements regarding the Company’s
business and prospects were false and misleading when made.
On July 17, 2014 Roka Bioscience stock opened for trading at
$12.00 the day the Company sold 5.0 million shares of stock in its
initial public stock offering (the “IPO”), reaching a high of
$13.00 per share the following day. However, just several months
after its IPO, on November 6, 2014, the company announced that it
lost 64 cents a share in the third quarter. Additionally, the
Company reported that there were no new Atlas® instruments
placements made during the quarter. This news sent the
Company’s stock price plummeting, closing at $3.00 per share on
November 7, 2014, a decline of $5.34 per share or 64%.
If you have information that could assist in this
investigation, or if you are a Roka Bioscience shareholder and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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