SAN DIEGO, Aug. 5, 2016 /PRNewswire/ -- Johnson & Weaver, LLP, based in San Diego California with offices in New York, New York and Marietta, Georgia, is investigating potential violations of the federal securities laws by EndoChoice Holdings, Inc. (NYSE: GI) and certain of its officers and directors. EndoChoice is a medical device company based in Alpharetta, Georgia.
Specifically, Johnson & Weaver's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with EndoChoice 's June 5, 2015 initial public offering ("IPO") contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business and financial prospects.
On or about June 5, 2015, EndoChoice issued over 6.35 million shares of common stock at $15 per share, raising more than $95 million in gross proceeds. Then, on November 5, 2015, EndoChoice reported that its Fuse placements declined. Additionally, EndoChoice announced that it had entered into a strategic partnership with De Lage Landen Financial Services, Inc. of Wayne, PA to provide a new financing program for EndoChoice customers in the United States. On this news, EndoChoice stock dropped over 22%. Since its IPO just over a year ago, that stock has dropped more than $10.00 from its offering price, closing at just $4.13 per share on August 4, 2016.
If you are an, EndoChoice shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP