NEW ORLEANS -- (Business Wire)
ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until March 11, 2019 to file lead plaintiff
applications in a securities class action lawsuit against AxoGen, Inc.
(NasdaqCM: AXGN), if they purchased the Company’s securities in
connection with its November 2017 or May 2018 secondary public offering
or between August 7, 2017 and December 18, 2018, inclusive (the “Class
Period”). This action is pending in the United States District Court for
the Middle District of Florida.
Get Help
AxoGen investors should visit us at https://www.claimsfiler.com/cases/view-axogen-inc-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are
available to discuss your legal options.
About the Lawsuit
AxoGen and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On December 18, 2018, Seligman Investments reported that former
AxoGen employees had made allegations that the Company had engaged in
channel stuffing and backdating of revenue as well as the use of
“misleading operating metrics…that the company’s definition of ‘active
accounts’ may overstate the actual number by a factor of ten.”
On this news, AxoGen’s stock plummeted nearly 22%.
The case is Einhorn v. AxoGen, Inc. et al, 19-cv-00069.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to
help retail investors recover their share of billions of dollars from
securities class action settlements. At ClaimsFiler.com, investors can:
(1) register for free to gain access to information and settlement
websites for various securities class action cases so they can timely
submit their own claims; (2) upload their portfolio transactional data
to be notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick & Foti,
LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190215005546/en/
Contacts:
ClaimsFiler
Lewis Kahn, 844-367-9658
https://www.claimsfiler.com
Source: ClaimsFiler
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