LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Illumina, Inc. (“Illumina” or the “Company”) (Nasdaq: ILMN). Investors who purchased or otherwise acquired Illumina shares between July 26, 2016 and October 10, 2016 inclusive (the “Class Period”), are encouraged to contact the firm within 60 days of this notice, in advance of the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, during the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. In particular, Defendants made false and/or misleading statements and failed to disclose: that Illumina was experiencing a significant decline in sequencing instrument sales; that the decrease had a significant on the Company’s revenue; that the Company did not have visibility into trends that could have a consequence on the Company’s financial outcomes; that, as such, the Company’s revenue guidance was unreliable and exaggerated; and that, as a result of the above, Defendants’ positive statements about Illumina’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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