The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Alere Inc. Investors & Enco...
November 28 2016 - 3:28PM
Business Wire
Law Offices of Howard G. Smith announces that a class
action lawsuit has been filed on behalf of investors who purchased
Alere Inc. (“Boeing” or the “Company”) (NYSE: ALR) securities
between February 29, 2012 and November 4, 2016, inclusive
(the “Class Period”). Alere investors have until January
13, 2017 to file a lead plaintiff motion.
Investors suffering losses on their Alere investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email
to howardsmith@howardsmithlaw.com.
According to the complaint filed in this lawsuit, throughout the
Class Period Defendants made false and/or misleading statements
and/or failed to disclose that: (1) Alere’s wholly-owned
subsidiary, Arriva Medical, LLC (“Arriva”), was submitting claims
to Medicare for deceased patients; (2) the foregoing conduct
subjected Arriva to revocation of its Medicare enrollment; and (3)
as a result, defendants’ statements about Alere’s business,
operations, and prospects, were false and misleading and/or lacked
a reasonable basis.
On November 4, 2016, Alere disclosed that Arriva’s Medicare
enrollment will be revoked for allegedly submitting claims for 211
deceased patients over a five year period. On this news, shares of
Alere over 14% to close at just $36.10 per share on November 4,
2016.
If you purchased shares of Alere during the Class Period you may
move the Court no later than January 13, 2017 to
ask the Court to appoint you as lead plaintiff if you meet certain
legal requirements. To be a member of the Class you need not take
any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you
wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161128006009/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
Alere Inc. (delisted) (NYSE:ALR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alere Inc. (delisted) (NYSE:ALR)
Historical Stock Chart
From Apr 2023 to Apr 2024