NEW YORK, June 01, 2016 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed
against Unilife Corporation (“Unilife” or the “Company”) (Nasdaq:UNIS) in the United States District Court for the Southern
District of New York on behalf of purchasers of Unilife common stock between February 3, 2014 and May 23, 2016, inclusive (the
“Class Period”).
Shareholders who have purchased Unilife common stock within the class period and incurred losses, are urged
to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
If you purchased shares of Unilife and suffered a loss, you may request that the Court appoint you lead plaintiff
of the proposed class no later than July 25, 2016.
On May 8, 2016, the Company disclosed that it was postponing its earnings conference call, originally scheduled for
May 9, 2016, due to the discovery of violations of Company policies and procedures and possible violations of laws and regulations
by the Company’s “former Chief Executive Officer” and by the “former Chairman of the Company’s Board of Directors who resigned in
2015.” The Company also announced that it was investigating the issues’ potential impact on financial reporting and internal
controls over financial reporting, related to the Company’s previously-issued financial statements, current interim financial
information, and management’s certifications. Finally, the Company disclosed that it expected to delay filing its quarterly
Form 10-Q for the period ended March 31, 2016.
On this news, the Company’s stock price fell $1.50 per share, or more than 29%, to close at $3.60 per share on May
9, 2016, on unusually heavy trading volume.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and
derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various
practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and
other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex
securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please
immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. You may also follow the firm and learn about newly filed cases on Twitter and Facebook.
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.
Contact: Wolf Haldenstein Adler Freeman & Herz LLP Patrick Donovan, Esq. Gregory Stone, Director of Case and Financial Analysis Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774
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