ALERE NOTICE: Rosen Law Firm Reminds Alere Inc. Investors of Important Deadline in Class Action Filed by Firm - ALR
December 08 2016 - 7:06PM
Business Wire
Rosen Law Firm, a global investor rights law firm, reminds
purchasers Alere Inc. securities (NYSE:ALR) from February 29, 2012
through November 4, 2016, both dates inclusive (the “Class Period”)
of the important January 13, 2017 lead plaintiff deadline in the
class action filed by the firm. The lawsuit seeks to recover
damages for Alere investors under the federal securities laws.
To join the Alere class action, go to
http://www.rosenlegal.com/cases-982.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, 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 revealed that Arriva’s Medicare enrollment will be
revoked by Centers for Medicare & Medicaid Services (“CMS”)
based on CMS’ assertion that Arriva had allegedly submitted claims
for 211 deceased patients over a five year period. On this news,
shares of Alere fell $6.13 per share or over 14.5% from its
previous closing price to close at $36.10 per share on November 4,
2016.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
January 13, 2017. If you wish to join the litigation, go to
http://www.rosenlegal.com/cases-982.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or
via email at pkim@rosenlegal.com or kchan@rosenlegal.com. Attorney
Advertising. Prior results do not guarantee a similar outcome.
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Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161208006350/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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