Case Page

 

Case Status:    DISMISSED    
On or around 01/28/2016 (Court's order of dismissal)

Filing Date: March 19, 2015

According to the law firm press release, the lawsuit alleges Defendants misrepresented and/or failed to disclose to investors that Accelerate Diagnostics’ main product the ID/AST system, formally known as the BACcel system, requires a positive blood culture to diagnose pathogens in a blood sample. When the truth was revealed to investors, the price of Accelerate Diagnostics securities fell, damaging investors.

On January 28, 2016, the Court issued an Order granting Defendants' Motion to Dismiss and dismissing this action with prejudice.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AXDX
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Arizona
DOCKET #: 15-CV-00504
JUDGE: Hon. Steven P Logan
DATE FILED: 03/19/2015
CLASS PERIOD START: 03/07/2014
CLASS PERIOD END: 02/17/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
  2. Tiffany & Bosco, P.A.
    Third Floor Camelback; Esplanade II; 2525 East Camelback Road, Tiffany & Bosco, P.A., AR 85016-4237
    602.255.6000 602.255.6000 · general@tblaw.com
No Document Title Filing Date
COURT: D. Arizona
DOCKET #: 15-CV-00504
JUDGE: Hon. Steven P Logan
DATE FILED: 06/23/2015
CLASS PERIOD START: 03/07/2014
CLASS PERIOD END: 02/17/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
  2. Tiffany & Bosco, P.A.
    Third Floor Camelback; Esplanade II; 2525 East Camelback Road, Tiffany & Bosco, P.A., AR 85016-4237
    602.255.6000 602.255.6000 · general@tblaw.com
No Document Title Filing Date