New York, New York–(Newsfile Corp. – December 22, 2024)– Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Quantrix (NASDAQ:) Corporation (NASDAQ: QTRX) arising from allegations that Quanterix may have issued materially misleading trading information to the investing public.
so what: If you purchase Quanterix securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit seeking to recover investors' losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=31441 Contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action.
What is this about: On November 12, 2024, after market hours, Quanterix filed a Current Report on Form 8-K with the Securities and Exchange Commission. In this current report, Quantrix announced that on “November 11, 2024, the Audit Committee of the Company’s Board of Directors was established and, upon the recommendation of the Company’s management and after discussion with the Company’s independent registered public accounting firm, Ernst & Young LLP (“EY”), concluded that The Company's previously issued audited consolidated financial statements as of December 31, 2023 and 2022 and for each of the three years in the period ending December 31, 2023, and its unaudited consolidated financial statements For the quarterly and year-to-date periods (as applicable) ending March 31, 2022, June 30, 2022, September 30, 2022, March 31, 2023, June 30, 2023, September 30, 2023, March 31, 2024, and June 30, 2024 ( Collectively, “Non-Adoption Periods”). “It shouldn't be relied upon anymore.”
On this news, Quanterix's stock price fell $2.77 per share, or 18.3%, to close at $12.40 per share on November 13, 2024.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these companies do not actually file securities class actions. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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