The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Alexion Technologies
Corporation Investors and Encourages Investors to Contact the Firm
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors
who purchased Alexion Pharmaceuticals, Inc. (“Alexion” or the “Company”) (NASDAQ: ALXN) securities between February 10, 2014 and November 9, 2016, inclusive (the “Class Period”). Alexion
investors have until January 17, 2017 to file a lead plaintiff motion.
Investors suffering losses on their Alexion investments are encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
According to the Complaint filed in this lawsuit, Alexion made false and/or misleading statements and/or failed to disclose: (1)
that Alexion employed improper sales practices with respect to its product Soliris; (2) that the Company’s revenues from Soliris
sales were unlikely to be sustainable; and (3) that, as a result of the above, Alexion’s public statements were materially false
and misleading at all relevant times.
On December 12, 2016, the Company announced that Alexion CEO David Hallal and CFO Vikas Sinha have both resigned effective
immediately; these resignations come amid allegations that the Company engaged in improper sales practice on its top producing drug
Soliris. On this news Alexion shares fell over $20 per share or 15% during intraday trading on December 12, 2016.
If you purchased shares of Alexion during the Class Period you may move the Court no later than January 17,
2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of
the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161213005935/en/