SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation of Spectranetics Corp. & Its Board of Directors in Connec...
July 24 2015 - 3:56PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150724005802/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.30 Broad Street -
24th FloorNew York, NY 10004Tel: 212-363-7500Toll Free:
877-363-5972Fax: 212-363-7171www.zlk.com
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