NEW YORK, July 30, 2015 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Spectranetics
Corp. ("Spectranetics" or the "Company") (NASDAQ: SPNC) for
possible violations of federal securities laws. The investigation
concerns whether Spectranetics and certain of its officers and/or
directors have violated Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934. On Thursday, July
23, 2015, after the market's close, Spectranetics reported
its second quarter 2015 financial results. Among other things, the
Company lowered its prior revenue guidance based on the impact of
competitive drug-coated balloon launches and ongoing sales team
optimization. On the announcement of this news, the share price of
Spectranetics stock plunged more than $8, or approximately 34%, on July 24, 2015, from the prior day's closing price
of $24.83. To obtain additional
information, go to:
http://zlk.9nl.com/spectranetics-spnc
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP