Company: Illumina, Inc.
Kaskela Law LLC is investigating Illumina, Inc. (“Illumina” or the “Company”) (Nasdaq: ILMN) on behalf of the Company’s stockholders.
In 2017, an amended shareholder class action complaint was filed against the Company in federal court on behalf of certain purchasers of Illumina’s common stock. Among other things, the shareholder complaint alleges that Illumina concealed material information from investors, including demand for the Company’s products, and made misstatements to investors concerning Illumina’s financial performance and revenue forecasts.
The investigation seeks to determine whether Illumina’s executive officers and/or directors breached their fiduciary duties to the Company and its stockholders in connection with the above alleged misconduct.
Illumina stockholders who purchased shares of the Company’s stock prior to July 25, 2016 are encouraged to contact the firm to discuss their legal rights and potential recovery options.