IMPORTANT SHAREHOLDER DEADLINE: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit Against The Spect...
August 28 2015 - 8:56PM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit has been filed in the United States District Court for the
District of Colorado against The Spectranetics Corporation
(“Spectranetics” or the “Company”) (NASDAQ: SPNC). Investors who
purchased or otherwise acquired shares between February 19, 2015,
and July 23, 2015, inclusive (the “Class Period”) are encouraged to
contact the Firm immediately to discuss their legal options.
If you purchased shares of Spectranetics during the class
period, please contact Joon M. Khang, Esquire, of Khang &
Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by
telephone: (949) 419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
Spectranetics manufactures and sells medical devices used in
cardiovascular surgery. The complaint against Spectranetics alleges
that: (1) increasing competition had adversely affected the
Company; (2) that Spectranetics' sales force optimization efforts
were not adequate and caused the Company to perform below
expectations; and (3) that the Company lacked adequate internal
controls. On July 23, 2015, Spectranetics reported results that
fell below Wall Street’s expectations. The Company attributed the
lowering of its guidance to competitive drug-coated balloon
launches and ongoing sales team optimization. When this news was
revealed to investors, shares fell by approximately 34%, to close
at $24.83 per share.
If you purchased shares of Spectranetics during the Class Period
you have until October 26, 2015 to ask the Court to appoint you as
lead plaintiff. If you wish to learn more about this
lawsuit, or if you have any questions concerning this notice or
your rights, please contact Joon M. Khang, a prominent litigator
for almost two decades, by telephone: (949) 419-3834, or by email
at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20150828005759/en/
KHANG & KHANG LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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