Case Page

 

Case Status:    DISMISSED    
On or around 07/21/2017 (Other)

Filing Date: June 12, 2017

According to the Complaint, it is alleged the IPO Registration Statement was materially false and misleading and/or omitted to state: (1) that the Company’s Pantheris product and its other Lumivascular products had substantial reliability issues; (2) that the reliability issues would negatively impact sales of the Company’s products; (3) that the Company’ 3 products were not commercially viable; and (4) that, as a result of the foregoing, Defendants’ statements in the IPO Registration Statement regarding Avinger’s business, operations, and prospects, were materially false and/or misleading, and/or lacked a reasonable basis.

On July 21, 2017, the Court issued an Order remanding this action to the San Mateo County Superior Court.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AVGR
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: N.D. California
DOCKET #: 17-CV-03401
JUDGE: Hon. James Donato
DATE FILED: 06/12/2017
CLASS PERIOD START: 01/30/2015
CLASS PERIOD END: 06/12/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
No Document Title Filing Date