Illumina Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Illumina Inc |
Stock Symbol : | NASDAQ: ILMN |
Class Period Start: | 07/26/2016 |
Class Period End: | 10/10/2016 |
Lead Plaintiff motion: | 02/14/2017 |
Date Filed: | 12/16/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the February 14, 2017 lead plaintiff deadline in a class action lawsuit filed against Illumina Inc (NASDAQ: ILMN) (“Illumina” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of California and investors, who purchased Illumina Inc securities between July 26, 2016 and October 10, 2016, have until February 14, 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 Illumina 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 Illumina was experiencing a significant decline in high throughput sequencing instrument sales; that the aforementioned decline was impacting the Company’s revenue; that Illumina lacked visibility into trends that could have a significant impact on its financial results; that, as such, the Company’s revenue guidance was unreliable and overstated; and that, as a result, Illumina’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. On October 10, 2016, Illumina revealed that the Company had disappointing financial results for the third quarter of fiscal year 2016. Following this news, shares of Illumina were down as much as 25% during intraday trading on October 11, 2016. If you were negatively impacted by your investment in Illumina Inc securities between July 26, 2016 and October 10, 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 |