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ILMN Illumina Inc

118.28
-5.71 (-4.61%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Illumina Inc NASDAQ:ILMN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.71 -4.61% 118.28 118.10 119.95 127.745 117.67 127.08 2,987,106 00:58:03

Illumina (ILMN) Shareholder Alert: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Illumina, Inc...

20/04/2016 2:39pm

PR Newswire (US)


Illumina (NASDAQ:ILMN)
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SAN DIEGO, April 20, 2016 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Illumina, Inc. (NASDAQ: ILMN) and certain of its officers. Illumina provides sequencing and array-based solutions for genetic analysis.

Johnson & Weaver LLP (PRNewsFoto/Johnson & Weaver LLP)

Specifically, Johnson & Weaver's investigation seeks to determine whether certain statements regarding Illumina's business and prospects were false and misleading when made. On April 18, 2016, Illumina reported preliminary first-quarter revenue well below expectations. The firm said it expects revenues of $572 million, well below the $596 million originally forecast, citing weak device sales. Illumina also stated that it sees 2016 revenue growth of 12 percent; it's slowest in four years. On the news, Illumina shares plummeted more than 23% on April 19, 2016.

If you are an Illumina shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

Logo - http://photos.prnewswire.com/prnh/20160211/332409LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/illumina-ilmn-shareholder-alert-shareholder-rights-law-firm-johnson--weaver-llp-announces-investigation-of-illumina-inc-300254490.html

SOURCE Johnson & Weaver, LLP

Copyright 2016 PR Newswire

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