NEW YORK, April 22, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Alere Inc. ("Alete" or the "Company") (NYSE: ALR) concerning whether the board has breached its fiduciary duties to shareholders.
On March 15, 2016, the Company, which recently agreed to be acquired by Abbott Laboratories ("Abbott Labs"), disclosed that it had received a grand jury subpoena from the Department of Justice regarding its sales practices in Africa, Asia, and Latin America. The Company is also responding to a subpoena relating to potential violations of the Foreign Corrupt Practices Act. The merger with Abbott Labs is now in doubt.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Alere shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: [email protected] Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.