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On December 27, 2016, Endologix announced that it is halting shipments of its AFX Endovascular AAA System, the Company's top-selling product, while it probes a manufacturing issue with some sizes of the device.
On this news, Endologix stock has fallen as much as $1.69, or 23.5%, to $5.50 during intraday trading on December 27, 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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-endologix-inc---elgx-300383699.html
SOURCE Pomerantz LLP