NEW YORK, June 14, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Avinger, Inc. ("Avinger" or the "Company") (NASDAQ: AVGR). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Avinger and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On July 12, 2016, during a conference call discussing the Company's financial and operating results for the second quarter of 2016, Avinger's officers disclosed that the Company had experienced continued problems with the robustness and safety profile of its Pantheris device.
On this news, Avinger's share price fell $4.54, or 39.72%, to close at $6.89 on July 13, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP