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Case Status:    ONGOING    
On or around 08/18/2020 (Date of last review)

Filing Date: August 17, 2020

According to the Complaint, Chembio Diagnostics, Inc. describes itself as a leading point-of-care diagnostics company focused on detecting and diagnosing infectious diseases.

Throughout the Section 10(b) Class Period, the Company represented that its DPP COVID-19 serological POC test for the detection of IgM and IgG antibodies aided in determining current or past exposure to the COVID-19 virus, that its test provides high sensitivity and specificity, and was 100% accurate. The Complaint alleges that those statements were false and misleading, and that Plaintiffs and other Class members have suffered significant losses and damages as a result of Defendants’ false and misleading statements of fact and omissions of material facts.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: CEMI
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: E.D. New York
DOCKET #: 20-CV-03753
JUDGE: Hon. Joan M. Azrack
DATE FILED: 08/17/2020
CLASS PERIOD START: 04/01/2020
CLASS PERIOD END: 06/16/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lowenstein Sandler PC
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available