Thieler Law Corp advises investors with losses exceeding $100,000 of the April 3, 2017 lead plaintiff deadline in a class action lawsuit filed against Psychemedics Corporation (NASDAQ: PMD) (“Psychemedics” or “the Company”). The suit is pending in the U.S. District Court for the District of Massachusetts and investors, who purchased Psychemedics Corporation securities between February 28, 2014 and January 30, 2017, have until April 3, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Psychemedics Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 through its affiliate Psychemedics Brasil Exames Toxicológicos Ltda, Psychemedics engaged in anticompetitive conduct to maintain a monopoly over the Brazilian market in violation of the law; effectively, Psychemedics lacked effective internal controls over financial reporting; and consequently, Psychemedics’ public statements were materially false and misleading at all relevant times.

On January 31, 2017, it was publicized that Psychemedics Brasil Exames Toxicologicos Ltda., Psychemedics' Brazilian representative, will compensate Omega Laboratories, Inc USA for losses from anticompetitive practices that are used for "preventing other companies from accessing [the] market."

On this news, NASDAQ: PMD dropped during intra-day trading on January 31, 2017.

If you were negatively impacted by your investment in Psychemedics Corporation securities between February 28, 2014 and January 30, 2017 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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