#United States #New York #Quanterix Corporation #Rosen Law Firm #Securities Class Action

Rosen Law Firm Investigates Quanterix Corporation's Business Practices

The Rosen Law Firm, a renowned global law firm dedicated to protecting investor rights, has announced the commencement of a detailed investigation into Quanterix Corporation (NASDAQ: QTRX). This examination aims to address potential securities claims from shareholders who might have been adversely affected by the company's misleading public disclosures regarding its business operations.

What Led to the Investigation?

On November 12, 2024, Quanterix disclosed troubling news in a current report submitted to the U.S. Securities and Exchange Commission (SEC). The report outlined that the company’s Audit Committee, with input from its management and external accounting firm Ernst & Young LLP, determined that previous audited consolidated financial statements from 2023 and 2022, along with various unaudited financial statements from earlier periods, could no longer be relied upon.

This revelation was significant, leading to a dramatic decline in Quanterix's stock price. The shares plummeted by $2.77, or a staggering 18.3%, to close at $12.40 on November 13, 2024, following the announcement. This sharp decline raised concerns among shareholders regarding the integrity of Quanterix's financial reporting and overall business practices.

The Role of Rosen Law Firm

In light of these developments, the Rosen Law Firm encourages affected investors to consider participating in a class action lawsuit, which could allow them to seek compensation for their losses. Notably, investors who join this potential class action would incur no out-of-pocket fees, as the Rosen Law Firm plans to operate on a contingency fee basis. This financial model ensures that legal costs are only incurred if the firm is successful in obtaining compensation for clients.

Phillip Kim, a seasoned attorney at Rosen Law Firm, advises investors to reach out for further information on the class action and their rights as shareholders. Interested parties can visit the law firm’s website or contact them directly via email or phone to learn more about their eligibility to join the action.

A Legacy of Success

Rosen Law Firm's history of representing investors in securities class actions is impressive. The firm has a robust track record, having secured significant settlements in previous cases and has been recognized as a leader in this area of law. The firm's extensive research and successful litigation strategies have resulted in hundreds of millions of dollars being recovered for investors over the years.

Their record includes achieving the largest settlement at that time against a Chinese company, solidifying their reputation within the legal and investor communities. Furthermore, they have consistently been ranked among the top law firms by ISS Securities Class Action Services for their effectiveness in securing results for their clients.

In 2019 alone, Rosen Law Firm managed to recover over $438 million for investors, a testament to their successful approach to litigation. Lawrence Rosen, the founding partner, has been highlighted as a significant figure in the plaintiffs' bar, earning accolades for his contributions to investor rights and securities litigation.

Conclusion

As QTRX investors explore their options in the face of potential financial losses, the Rosen Law Firm stands ready to assist them. By investigating Quanterix's misleading disclosures and offering to legal representation, the firm is dedicated to recovering losses and restoring confidence in the investing process. To stay informed about this case and any updates, investors can follow the Rosen Law Firm on their social media platforms.

For more information, please visit Rosen Law Firm's website or reach out directly to the firm’s representatives. It’s crucial for investors to act promptly given the news surrounding Quanterix, as actions may need to be taken within specified timeframes to safeguard their rights and interests.