NEW YORK, July 30, 2015 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Spectranetics Corp. ("Spectranetics" or the "Company") (NASDAQ: SPNC) for possible violations of federal securities laws. The investigation concerns whether Spectranetics and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On Thursday, July 23, 2015, after the market's close, Spectranetics reported its second quarter 2015 financial results. Among other things, the Company lowered its prior revenue guidance based on the impact of competitive drug-coated balloon launches and ongoing sales team optimization. On the announcement of this news, the share price of Spectranetics stock plunged more than $8, or approximately 34%, on July 24, 2015, from the prior day's closing price of $24.83. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
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CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
SOURCE Levi & Korsinsky, LLP