Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Pomerantz Law Firm Investigates Claims On Behalf of Investors of AxoGen, Inc. - AXGN

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 08:06pm EST

NEW YORK, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  AxoGen, Inc. (“AxoGen or the “Company”) (NASDAQ:  AXGN).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether AxoGen and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here to join a class action]

On December 18, 2018, Seligman Investments reported that “[a] number of former [AxoGen] employees allege channel stuffing [at AxoGen], given that the company’s consignment model creates potential for abuse, as well as alleging questionable revenue recognition practices.” The article continued to state that “allegations additionally include misleading operating metrics, with one former rep implying that the company’s definition of ‘active accounts’ may overstate the actual number by a factor of ten.”

Following this news, AxoGen stock dropped $6.17 per share, or roughly 22%, to close at $21.36 on December 18, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, 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.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980


© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
07:22pOSIRIS THERAPEUTICS : Hagens Berman Notifies Osiris Therapeutics, Inc. Investors of Class Action Settlement and January 30, 2019 Claims Deadline
BU
07:22pLILEE SYSTEMS : Presents Major Advances in Autonomous Rapid Transit (ART) at Silicon Valley's Innovation Without Borders Event
BU
07:21pMCDONALD : loses 'Big Mac' trademark case to Irish chain Supermac's
RE
07:19pWPP : Marketing spending growth hits wall at UK companies on Brexit fears - survey
RE
07:16pBOSTON PROPERTIES : Announces 2018 Tax Treatment of Its Distributions
BU
07:14pNASB FINANCIAL : January 15, 2019 NASB Financial Inc. Announces the Appointment of Chief Information Officer
PU
07:13pPound steadies after May's Brexit deal voted down
RE
07:12pCORRECT : Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Bloomberg
DJ
07:10pNordstrom's full-price comparable sales for holiday season disappoints
RE
07:09pACCESS BANK : CBN, SEC Grant Approval in Principle to Access, Diamond banks' Merger
AQ
Latest news "Companies"
Advertisement