SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

March 20, 2015 17:08 ET

ACCELERATE INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $50,000 Investing in Accelerate Diagnostics, Inc. (AXDX) to Contact the Firm

NEW YORK, NY--(Marketwired - March 20, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Accelerate Diagnostics, Inc. ("Accelerate" or the "Company") (NASDAQ: AXDX) of the May 21, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Accelerate and certain executives of the Company.

A complaint has been filed in the United States District Court for the District of Arizona on behalf of all persons who purchased Accelerate common stock during the period of March 7, 2014 to February 17, 2015 (the "Class Period").

The complaint alleges that the Company and certain executives violated the federal securities laws with respect to its statements concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period Accelerate issued statements falsely representing that its technology BACcel involves a technique for diagnosing pathogens in a blood sample without a need for using a blood culture.

On February 18, 2015, an article published on the website www.SeekingAlpha.com revealed that BACcel actually does require a blood culture which significantly reduces the value of the technology. 

Following this news, Accelerate stock declined by $4.04 per share, or more than 18%, closing on February 20, 2015 at $18.05 per share. 

Request more information now by clicking here: www.faruqilaw.com/AXDX. There is no cost or obligation to you.

Take Action

If you invested in Accelerate stock or options through February 18, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/AXDX. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Accelerate's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    Email contact
    Telephone: (877) 247-4292 or (212) 983-9330