Endologix Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Endologix Inc |
Stock Symbol : | NASDAQ: ELGX |
Class Period Start: | 08/02/2016 |
Class Period End: | 11/16/2016 |
Lead Plaintiff motion: | 03/06/2017 |
Date Filed: | 01/03/2017 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Central District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the March 6, 2017 lead plaintiff deadline in a class action lawsuit filed against Endologix Inc (NASDAQ: ELGX) (“Endologix” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Endologix Inc securities between August 2, 2016 and November 16, 2016, have until March 6, 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 Endologix Inc 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 Endologix did not have the requisite clinical data for FDA premarket approval of its Nellix® EndoVascular Aneurysm Sealing System; and as a result, the Company's public statements were materially false and misleading at all relevant times. On December 27, 2016, the Company revealed that it is halting shipments of its AFX Endovascular AAA System, while it investigates a manufacturing issue with some sizes of the device. Following this news, NASDAQ: ELGX dropped $1.69, or 23.5%, to $5.50 during intraday trading on December 27, 2016. If you were negatively impacted by your investment in Endologix Inc securities between August 2, 2016 and November 16, 2016 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |