Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Avinger, Inc. (“Avinger” or the “Company”) (Nasdaq: AVGR) concerning possible violations of federal securities laws.
If you purchased shares of Avinger and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
On January 30, 2015, Avinger had its Initial Public Offering (“IPO”) at $13 per share. On July 12, 2016, the Company announced second quarter revenue and lowered its sales guidance for 2016 from $25-30 million to $19-23 million, due in part to lower than anticipated sales of its Pantheris device. When this information was announced, Avinger’s stock price plunged nearly 40%, from $11.43 per share to $6.89 per share. Avinger stock has continued to decline. On May 3, 2017, the stock closed at $0.57 per share, a decline of over 95% from the IPO price.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170508006266/en/
Contacts:
Joon M. Khang, Esq.
Telephone:
949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
