- Do you, or did you, own shares of Atossa Genetics, Inc. (NASDAQ CM: ATOS )?
- Did you purchase your shares before November 8, 2012, or between November 8, 2012 and October 4, 2013, inclusive?
- Did you lose money in your investment in Atossa Genetics, Inc.?
- Do you want to discuss your rights?
According to the Complaint, on February 25, 2013, the Company disclosed that it had received a warning letter from the FDA regarding its MASCT System and MASCT System Collection Test (together, the “System”). Specifically, in the warning letter, the FDA alleged that “the Company changed the System in a manner that requires submission of an additional 501(k) notification to the FDA” and the letter also raised “certain issues with respect to the Company’s marketing of the System and the Company’s compliance with FDA Good Manufacturing Practices (cGMP) regulations, among other matters.” Then, on October 4, 2013, after the market closed, the Company announced “a voluntary recall to remove the ForeCYTE Breast Health Test and the MASCT device from the market” after receiving a warning letter from the FDA.On this news, shares in Atossa dropped more than 46%, closing at $2.85 per share on October 7, 2013, on unusually heavy trading volume. If you wish to serve as lead plaintiff, you must move the Court no later than December 9, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.