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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Alere Inc (NYSE: ALR) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Alere Inc (NYSE: ALR) concerning whether a series of statements by Alere Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 15, 2016, Alere Inc revealed receipt of a grand jury subpoena from the U.S. Department of Justice, relating to the U.S. Foreign Corrupt Practices Act, requesting documents relating to its sales practices in Africa, Asia and Latin America. Alere Inc also stated that it would not be able to file its annual report for 2015 on time.
Following this news, NYSE: ALR shares declined as much as 8.25% during intraday trading on March 15, 2016.
Based in Waltham, Massachusetts, and founded in 1981 Alere Inc provides point-of-care diagnostics and services for infectious disease, cardiometabolic disease, and toxicology.
If you purchased shares of Alere Inc (NYSE: ALR) on or before March 15, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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