Meridian Bioscience, Inc. (VIVO) Loss Submission Form
Levi & Korsinky, LLP announces it filed a complaint on behalf of shareholders of Meridian Bioscience, Inc. (NASDAQ: VIVO) who purchased shares between March 25, 2016 and July 13, 2017. The class action entitled Forman v. Meridian Bioscience, et al. (Case No. 1:17-cv-00774-SJD) was filed in the USDC for the Southern District of Ohio. The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that its subsidiary, Magellan Diagnostics, Inc. manufactured lead testing systems that provide inaccurate results.
On March 24, 2016, Meridian completed its acquisition of Magellan Biosciences, Inc. and its subsidiary Magellan Diagnostics, Inc. On May 17, 2017, the U.S. Food and Drug Administration and Centers for Disease Control and Prevention issued a press release “warning Americans that certain lead tests manufactured by Magellan Diagnostics may provide inaccurate results…” Then on July 13, 2017, the FDA issued a statement that as part of an “aggressive investigation” the FDA had inspected Magellan Diagnostics’ facility and issued a report including “several inspectional observations that may be violations of federal law.”
If you suffered a loss in Meridian Bioscience you have until January 16, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.To receive more information, please fill out the form.