IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Illumina, Inc. (“Illumina” or the “Company”) (Nasdaq: ILMN). Investors, who purchased or otherwise acquired shares between July 26, 2016 and October 10, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the February 15, 2017 lead plaintiff motion deadline.
If you purchased shares of Illumina during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, Illumina made materially false and misleading statements regarding the Company’s business, operations, and prospects. In particular, Illumina made false and/or misleading statements and failed to disclose: that the Company was experiencing a sharp decrease in sequencing instrument sales; that the decline had a significant impact on the Company’s revenue; that the Company did not have visibility into trends that could have an impact 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, Illumina’s statements about the Company’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you wish to learn more about this lawsuit at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at email@example.com.
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