The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of Atossa Genetics, Inc. (Atossa) (NASDAQ: ATOS).
On October 4, 2013, Atossa announced a voluntary recall to remove its ForeCYTE Breast Health Test and the Mammary Aspiration Specimen Cytology Test (MASCT) device from the market. The recall was initiated to address concerns raised by the U.S. Food and Drug Administration (FDA) in a warning letter received by Atossa in February 2013 about (1) the current instructions for use (IFU); (2) certain promotional claims used to market these devices; and (3) the need for FDA clearance for certain changes made to the Nipple Aspirate Fluid (NAF) specimen collection process identified in the current IFU.
Upon the above news, ATOS shares have declined over 45% in trading on October 7, 2013.
Persons with relevant information, and ATOS shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245.Additional information is available on our website at: http://www.wohlfruchter.com/cases/atos. About Wohl & Fruchter Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners. This release may be deemed to constitute attorney advertising.