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Case Status:    SETTLED
On or around 10/24/2018 (Date of order of final judgment)

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. A related action continues under Docket 17-CV-03400.

On October 11, 2017, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on November 21. On March 19, 2018, Lead Plaintiffs filed an amended consolidated Complaint. On May 9, the parties entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on June 13. On October 24, the Court granted final approval of the Settlement and entered Final Judgment.

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-03398
JUDGE: Hon. Claudia Wilken
DATE FILED: 06/12/2017
CLASS PERIOD START: 01/30/2015
CLASS PERIOD END: 06/12/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Scott & Scott LLP (San Diego)
    600 B Street, Suite 1500, Scott & Scott LLP (San Diego), CA 92101
    619.233.4565 619.233.4565 · scottlaw@scott-scott.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 17-CV-03400
JUDGE: Hon. Claudia Wilken
DATE FILED: 03/19/2018
CLASS PERIOD START: 01/30/2015
CLASS PERIOD END: 04/10/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bottini & Bottini, Inc.
    7817 Ivanhoe Avenue, Suite 102, Bottini & Bottini, Inc., CA 92037
    858.914.2001 858.914.2002 ·
  2. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  3. Scott & Scott LLP (San Diego)
    600 B Street, Suite 1500, Scott & Scott LLP (San Diego), CA 92101
    619.233.4565 619.233.4565 · scottlaw@scott-scott.com
No Document Title Filing Date
No Document Title Filing Date