NEW ORLEANS--(BUSINESS WIRE)--
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until March 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against AxoGen, Inc. (AXGN). Investor losses must relate to purchases of the Company’s securities in connection with its November 2017 or May 2018 secondary public offering or between August 7, 2017 and December 18, 2018. This action is pending in the United States District Court for the Middle District of Florida.
What You May Do
If you purchased securities of AxoGen and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nasdaqcm-axgn to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by March 11, 2019.
About the Lawsuit
On December 18, 2018, Seligman Investments reported that former AxoGen employees had made allegations that the Company had engaged in channel stuffing and backdating of revenue as well as the use of “misleading operating metrics…that the company’s definition of ‘active accounts’ may overstate the actual number by a factor of ten.”
On this news, AxoGen’s stock plummeted nearly 22%.
The case is Einhorn v. AxoGen, Inc., 19-cv-00069.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.