Accelerate diagnostics, inc. shareholder alert: former sec attorney willie briscoe and powers taylor investigate possible breaches of fiduciary duty by officers and directors

Dallas--(business wire)--former united states securities and exchange commission attorney willie briscoe, founder of the briscoe law firm, pllc, and the securities litigation firm of powers taylor llp announce that a federal class action lawsuit has been filed in the united states district court for the district of arizona against accelerate diagnostics, inc. (“accelerate”) (nasdaq: axdx) and several officers and directors for acts taken during the period of march 7, 2014 to february 17, 2015 (the “class period”). based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and board of directors of accelerate. if you are an affected accelerate shareholder and want to learn more about the lawsuit or join the action, contact willie briscoe at the briscoe law firm, pllc, via email at wbriscoe@thebriscoelawfirm.com, or patrick powers at powers taylor llp, via e-mail at shareholder@powerstaylor.com, or by calling toll free at (877) 728-9607. there is no cost or fee to you. according to the complaint, the defendants are alleged to have violated certain provisions of the securities exchange act of 1934. specifically, the complaint alleges, among other things, that defendants failed to disclose that its main product, the id/ast system (formally known as the baccel system) requires a positive blood culture to diagnose pathogens in a blood sample. the complaint alleges that a seeking alpha.com article published on february 18, 2015 revealed that, contrary to accelerate’s statements that the instrument utilizes a proprietary culture-free process, the most likely use of the system requires a positive blood culture. accelerate stock dropped significantly immediately following this announcement. the briscoe law firm, pllc is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters. powers taylor llp is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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