BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming April 4, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Insys Therapeutics, Inc. (“Insys” or the “Company”) (NASDAQ: INSY) securities between March 3, 2015 and January 25, 2016, inclusive (the “Class Period”). Investors who suffered losses on their investment in Insys securities are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights.
The complaint alleges that, throughout the Class Period, Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) Insys was engaged in the illegal and improper off-labeling marketing of Subsys; (2) certain Insys employees were complicit in an illegal kickback scheme operated for the purpose of increasing prescriptions of Subsys; and (3) as a result, Insys’ financial statements were materially false and misleading at all relevant times. Throughout the Class Period, various news sources reported that the Company and its executives were engaging in illegal and improper marketing of Subsys, on this news shares of Insys fell significantly, thereby injuring investors.
If you purchased Insys shares, you may move the Court no later than April 4, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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