NEW ORLEANS, Aug. 25, 2017 /PRNewswire/ -- ClaimsFiler, a FREE
shareholder information service, reminds investors that they have
until September 26, 2017 to
file lead plaintiff applications in a securities class action
lawsuit against Foundation Medicine, Inc. (NasdaqGS: FMI), if they
purchased the Company's shares between February 26, 2014 and November 3, 2015, inclusive (the "Class Period").
This action is pending in the United States District Court
for the District of Massachusetts.
Get Help
Foundation Medicine, Inc. investors should visit us for more
information about their rights at
https://www.claimsfiler.com/cases/view-foundation-medicine-inc-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Foundation Medicine and certain of its executives are charged
with failing to disclose material information during the Class
Period, violating federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) the likelihood that the
Company would be approved for reimbursement of its tumor tests by
Medicare; (ii) the Company's progress in doing so; (iii) the
Company's robust 2015 financial guidance; (iv) the assumption of
Medicare approval on which its 2015 guidance was based; and (iv) as
a result of the foregoing, Foundation's financial statements were
materially false and misleading at all relevant times.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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