Rosen Law Firm Investigates Quanterix Corporation
The Rosen Law Firm, a renowned global entity specializing in investor rights, has initiated an investigation concerning possible securities claims involving Quanterix Corporation. This move comes after serious allegations arose suggesting that Quanterix may have misled the investing populace with materially inaccurate business information.
Summary of the Situation
On November 12, 2024, Quanterix submitted a report to the SEC, alarming shareholders and investors alike. The report revealed that the company's Audit Committee, upon recommendations from its management and discussions with Ernst & Young LLP (EY), determined that several previously released audited consolidated financial statements dating back to December 31, 2023, were no longer valid. The periods affected included not just the fiscal year-end figures, but also interim financial disclosures for a series of quarterly results from March 31, 2022, to June 30, 2024.
This news had an immediate and profound impact on Quanterix's stock, which plummeted by a shocking 18.3% the following day, on November 13, 2024.
What This Means for Shareholders
For those who have purchased securities from Quanterix in the past, this situation could translate to significant financial losses. The Rosen Law Firm has announced that it is prepared to file a class action lawsuit aimed at recovering these losses. Notably, investors can participate in this initiative without incurring any upfront legal costs, as the firm operates on a contingency fee basis.
Why Choose Rosen Law Firm?
In the landscape of securities class action litigation, selecting the right legal counsel is paramount. Rosen Law Firm comes highly recommended due to its proven track record and specialization in securities class actions and shareholder litigation. The firm has garnered recognition not just for the number of settlements achieved, but also for the substantial amounts recovered for investors. In 2017, it was recognized as the number one firm by ISS Securities Class Action Services for settlements, and it has consistently ranked among the top firms since 2013.
The firm's accomplishments include securing over $438 million for investors in 2019 alone. Furthermore, Laurence Rosen, the founding partner, has been distinguished as a leader in the field by a reputable legal publication, Law360.
Get Involved
Investors who believe they may be entitled to compensation or who seek further information regarding joining this class action should act promptly. Interested individuals can visit the following link for details:
Join the Class Action. For telephone inquiries, Phillip Kim, Esq. can be reached toll-free at 866-767-3653, or investors can direct their questions to [email protected].
Follow Rosen Law Firm
Stay updated with any developments regarding this investigation by following Rosen Law Firm on various social media channels:
Conclusion
The allegations surrounding Quanterix Corporation signify critical times for its investors. With the backing of a skilled law firm like Rosen Law, affected shareholders have a path towards potentially recuperating their losses. As the class action develops, it remains crucial that shareholders remain informed about the proceedings and their rights under the current circumstances.