NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
On March 30, 2017, United States District Court Judge M. James Lorenz in the Southern District of California appointed Levi & Korsinsky to represent Illumina, Inc. (NASDAQGS: ILMN) shareholders in the ongoing class action securities fraud lawsuit In re Illumina, Inc. Securities Litigation (3:16-CV-03044-L-MDD). On May 30, 2017, Levi & Korsinsky filed an amended complaint against Illumina and its senior officers.
The amended complaint seeks to hold Illumina and its officers liable for repeatedly providing investors with inaccurate revenue guidance information. As alleged, the defendants provided investors with revenue estimates even though the company was unequipped to provide such information. The defendants engaged in a reckless course of conduct that resulted in significant losses to investors when, on October 10, 2016, Illumina once again revealed that the company’s quarterly revenue was significantly less than previously anticipated. A copy of the amended complaint is available here.
To get more information go to: http://www.zlk.com/pslra/illumina-inc or contact Nicholas Porritt or Adam Apton either via email at email@example.com or firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.