NEW YORK, March 15, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Alere Inc. ("Alere" or the "Company") (NYSE: ALR). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Alere and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 15, 2016, pre-market, Alere disclosed receipt of a grand jury subpoena from the U.S. Department of Justice, relating to the U.S. Foreign Corrupt Practices Act, seeking documents relating to the Company's sales practices in Africa, Asia and Latin America. The Company also said it would be unable to timely file its annual report for 2015.
On this news, Alere stock has fallen as much as $4.41, or 8.25%, to $49.05 during intraday trading on March 15, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Beverly Hills, and Florida, 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
SOURCE Pomerantz LLP