The Klein Law Firm Notifies Investors of Commencement of a Securities Action Filed on Behalf of Avinger, Inc. Shareholders
June 06 2017 - 12:33PM
Business Wire
The Klein Law Firm announces that securities complaint has been
filed on behalf of shareholders of Avinger, Inc. (NASDAQ:
AVGR) who purchased shares pursuant and/or traceable to the
Company’s Stock Offering on or about January 30, 2015.
The complaint alleges that the Registration Statement and
Prospectus filed for the Company’s Initial Public Offering
contained materially false and misleading statements and/or failed
to disclose that: (1) Avinger did not have adequate sales and
marketing personnel to increase sales of its lumivascular platform
products and to commercialize Pantheris; (2) the Company already
experienced problems with the robustness of its lumivascular
platform devices, including Pantheris; (3) physicians and hospitals
were requiring more extensive and comprehensive training and
education on the benefits of Avinger’s products to convince them to
adopt and implement its lumivascular platform products compared to
competing products and procedures available in the market; (4)
Avinger would not be able to achieve a rapid ramp rate for
increased sales of its lumivascular platform; and (5) as a result,
the Company was experiencing lower sales and revenues.
If you suffered a loss in Avinger and wish to obtain additional
information, please contact Joseph Klein, Esq. by telephone at
212-616-4899 or visit
http://www.kleinstocklaw.com/pslra-sa/avinger-inc?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170606006352/en/
The Klein Law FirmJoseph Klein, Esq., 212-616-4899Fax:
347-558-9665www.kleinstocklaw.com
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