Press release
Lawsuit filed for Investors in shares of Fluidigm Corporation (NASDAQ: FLDM)
A lawsuit was filed on behalf of investors in Fluidigm Corporation (NASDAQ: FLDM) shares over alleged securities laws violations.
Investors who purchased shares of Fluidigm Corporation (NASDAQ: FLDM) have certain options and for certain investors are short and strict deadlines running. Deadline: November 20, 2020. NASDAQ: FLDM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On August 1, 2019, Fluidigm Corporation reported second quarter 2019 revenue of $28.2 million, well below analysts’ expectations of $32 million, citing weakness in its microfluidics segment.
Then, on November 5, 2019, after the market closed, Fluidigm Corporation reported that third quarter 2019 revenue declined 8.5% year-over-year primarily due to mass cytometry instrument sales.
Shares of Fluidigm Corporation (NASDAQ: FLDM) declined from $14.50 per share in March 2019 to as low as $2.31 per share on November 8, 2019.
The plaintiff claims that between February 7, 2019 and November 5, 2019, the Defendants failed to disclose to investors that Fluidigm was experiencing longer sales cycles that, as a result, Fluidigm’s revenue was reasonably likely to decline, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Fluidigm Corporation (NASDAQ: FLDM) have certain options and should contact the Shareholders Foundation.
About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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