Accelerate Diagnostics Inc

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Accelerate Diagnostics Inc
Stock Symbol : (NASDAQ: AXDX)
Class Period Start: 03/07/2014
Class Period End: 02/17/2015
Lead Plaintiff motion: 05/18/2015
Date Filed: 03/19/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Arizona
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the May 18, 2015 lead plaintiff deadline in a class action lawsuit filed against Accelerate Diagnostics Inc (NASDAQ: AXDX) (“Accelerate Diagnostics” or “the Company”). The suit is pending in the U.S. District Court for the District of Arizona and investors, who purchased Accelerate Diagnostics securities between March 7, 2014 and February 17, 2015, have until May 18, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.


If you purchased Accelerate Diagnostics securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com. No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.


The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Accelerate Diagnostics’s main product, the ID/AST system—formerly known as the BACcel system—requires a positive blood culture to diagnose pathogens in a blood sample.


On February 18, 2015, Seeking Alpha published an article asserting that though Accelerate Diagnostics had claimed it had developed a technique for diagnosing pathogens in a blood sample without the need of a blood culture, this test did in fact require a blood culture, significantly reducing its value. Upon this news shares of Accelerate Diagnostics fell more than 18% on February 20, 2015.


If you were negatively impacted by your investment in Accelerate Diagnostics securities between March 7, 2014 and February 17, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.


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Please find below an excerpt of the complaint filed

Accelerate Diagnostics Inc Complaint 2015

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