An investigation for investors in NYSE:ALR shares over potential securities laws violations by Alere Inc was announced and NYSE:ALR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/10/2016 -- An investigation on behalf of investors of Alere Inc (NYSE:ALR) shares over potential securities laws violations by Alere Inc and certain of its directors and officers 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 858-779-1554.
The investigation by a law firm focuses on 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 November 4, 2016, Alere Inc announced that the Centers for Medicare and Medicaid Services alleged that the Company's subsidiary, Arriva Medical, submitted claims for 211 deceased patients over a five-year period, and thus revoked Arriva's Medicare enrollment.
Shares of Alere Inc (NYSE:ALR) declined from as high as $45.25 per share in late October 2016 to as low as $34.88 per share on November 9, 2016.
Those who purchased shares of Alere Inc 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