SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 08, 2015 12:31 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of The Spectranetics Corporation of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of October 26, 2015 -- SPNC

NEW YORK, NY--(Marketwired - Sep 8, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of The Spectranetics Corporation ("Spectranetics") (NASDAQ: SPNC) between February 19, 2015 and July 23, 2015.

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of Colorado. If you purchased or otherwise acquired Spectranetics securities between February 19, 2015 and July 23, 2015, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/spectranetics-spnc

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that during the class period the Company failed to disclose that Spectranetics was being negatively impacted by increasing competition and its sales force optimization efforts were inadequate, such that the Company was performing below expectations.

On July 23, 2015, Spectranetics reported its financial results for the second quarter of 2015 and lowering its prior revenue guidance, citing increased competition from other drug-coated balloon products as the cause.

If you suffered a loss in Spectranetics you have until October 26, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com