EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against AxoGen, Inc. – AXGN
NEW YORK--(BUSINESS WIRE)--Dec 24, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of AxoGen, Inc. (NASDAQ: AXGN) resulting from allegations that AxoGen may have issued materially misleading business information to the investing public.
On December 18, 2018, Seligman Investments issued a report stating 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 report further stated 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.” On this news, AxoGen’s stock fell $6.17 per share or approximately 22% to close at $21.36 per share on December 18, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by AxoGen, investors. If you purchased shares of AxoGen, please visit the firm’s website at https://www.rosenlegal.com/cases-1478.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181224005115/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2018.
PUB: 12/24/2018 11:03 AM/DISC: 12/24/2018 11:03 AM