The law offices of howard g. smith announces the filing of a
securities class action on behalf of alere inc. investors and encourages
investors to contact the firm
Bensalem, pa.--(business wire)--law offices of howard g. smith announces that a class action lawsuit has been filed on behalf of investors who purchased alere inc. (“alere” or the “company”) (nyse: alr) securities between may 9, 2013 and april 20, 2016, inclusive (the “class period”). alere investors have until june 20, 2016 to file a lead plaintiff motion. investors who suffered losses on their alere investments are encouraged to contact the law offices of howard g. smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. according to the lawsuit, throughout the class period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. specifically, defendants made false and/or misleading statements and/or failed to disclose: (1) that the company improperly recognized and reported revenue in violation of generally accepted accounting principles (“gaap”); (2) that, as a result, the company’s quarterly and annual sec filings would be delayed; (3) that, as a result of the foregoing, the company’s planned merger with abbott laboratories would be thrown into doubt; (4) that the company lacked adequate internal controls over accounting and financial reporting; and (5) that, as a result of the foregoing, the company’s financial statements, as well as defendants’ statements about alere’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. if you purchased shares of alere during the class period you may move the court no later than june 20, 2016 to ask the court to appoint you as lead plaintiff if you meet certain legal requirements. to be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class. if you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact howard g. smith, esquire, of law offices of howard g. smith, 3070 bristol pike, suite 112, bensalem, pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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