SOURCE: Brower Piven, A Professional Corporation

May 12, 2008 17:35 ET

Brower Piven Informs Investors That They Have Only Until May 16, 2008 to Move for Appointment as Lead Plaintiff in NeuroMetrix, Inc. Class Action Lawsuit

BALTIMORE, MD--(Marketwire - May 12, 2008) - Brower Piven, A Professional Corporation announces that shareholders of NeuroMetrix, Inc. (NASDAQ: NURO) ("NeuroMetrix" or the "Company") who purchased shares of NeuroMetrix between October 27, 2005 and March 6, 2007, inclusive (the "Class Period") have only until May 16, 2008 to move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the District of Massachusetts. No class has yet been certified in the above action. To serve as a lead plaintiff, you must satisfy certain legal requirements. In making your decision, you should take into account that those with large financial losses resulting from the alleged federal securities law violations are given preference in being appointed lead plaintiff.

The complaint alleges that during the Class Period the Company, and certain of its officers and directors violated federal securities laws by issuing various materially false and misleading statements that had the effect of artificially inflating the market price of the Company's securities and causing Class members to overpay for the securities. NeuroMetrix designs, develops and markets medical device products that aid physicians in the diagnosis and treatment of diseases of the nervous system and neurovascular disorders, as well as provide regional anesthesia and pain control.

If you have suffered a net loss for all transactions in NeuroMetrix securities during the Class Period (including shares or calls purchased during, but retained after, the Class Period or put options sold but not covered until after the Class Period), you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven (without obligation or cost to you) at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience in securities and class action litigation of over 40 years. If you choose to retain counsel, you may retain Brower Piven, or you may retain other counsel of your choice.

Contact Information

  • CONTACT:
    Brower Piven, A Professional Corporation
    Baltimore, Maryland
    Charles J. Piven
    410/986-0036
    Email Contact