SAN DIEGO, April 20, 2016 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson & Weaver, LLP is investigating
potential violations of the federal securities laws by Illumina,
Inc. (NASDAQ: ILMN) and certain of its officers. Illumina provides
sequencing and array-based solutions for genetic analysis.
Specifically, Johnson & Weaver's investigation seeks to
determine whether certain statements regarding Illumina's business
and prospects were false and misleading when made. On April 18, 2016, Illumina reported preliminary
first-quarter revenue well below expectations. The firm said it
expects revenues of $572 million,
well below the $596 million
originally forecast, citing weak device sales. Illumina also stated
that it sees 2016 revenue growth of 12 percent; it's slowest in
four years. On the news, Illumina shares plummeted more than 23% on
April 19, 2016.
If you are an Illumina shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If you email, please
include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP