A lawsuit was filed on behalf of investors in Sientra Inc (NASDAQ:SIEN) shares over alleged securities laws violations and NASDAQ:SIEN investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/13/2015 -- A shareholder in NASDAQ:SIEN shares filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Securities Laws by Sientra Inc.
Investors who purchased shares of Sientra Inc (NASDAQ:SIEN) have certain options and for certain investors are short and strict deadlines running. Deadline: November 24, 2015. NASDAQ:SIEN investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of Sientra Inc (NASDAQ:SIEN) common shares between March 18, 2015 and September 24, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 18, 2015 and September 24, 2015 Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Sientra Inc's exclusive reliance on Silimed's Brazilian manufacturing facilities carried significant quality control risks, that the manufacturing processes at the Silimed Rio de Janeiro manufacturing plant were contaminated, and that as a result of the above, Sientra Inc's statements regarding quality control and other financial statements were materially false and misleading at all relevant times.
On September 24, 2015, it was announced that the United Kingdom's Medicines and Healthcare Products Regulatory Agency (MHRA) had suspended sales of Sientra's Silimed-brand silicone breast implants following the discovery of contamination in the company's Rio De Janeiro manufacturing plant.
Shares of Sientra Inc (NASDAQ:SIEN) declined from $24.44 per share on September 16, 2015 to as low as $9.60 per share on September 24, 2015.
On October 12, 2015, NASDAQ:SIEN shares closed at $6.13 per share.
Those who purchased NASDAQ:SIEN shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego