An investigation for investors in NYSE:ALR shares over potential securities laws violations by Alere and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Alere Inc (NYSE:ALR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Alere 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 disclosed receipt of a grand jury subpoena from the U.S. Department of Justice, relating to the U.S. Foreign Corrupt Practices Act (“FCPA”), seeking documents relating to the Company’s sales practices in Africa, Asia and Latin America. Alere Inc also said it would be unable to timely file its annual report for 2015.
Alere Inc reported that its annual Total Revenue declined from over $2.61 billion in 2013 to over $2.58 billion in 2014 and that its Net Loss declined from $72.71 million in 2013 to $37.74 million in 2014.
Shares of Alere Inc (NYSE:ALR) closed on March 29, 2016, at $50.39 per share.
Those who purchased NYSE:ALR shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com