Lawsuit for Investors in Alere Inc (NYSE:ALR) Shares Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / November 30, 2016 / The Shareholders Foundation, Inc. announces that a lawsuit was filed in the U.S. District Court for the Southern District of Florida on behalf of certain purchasers of shares of Alere Inc (NYSE: ALR) over alleged Violations of Securities Laws by Alere.

Investors who purchased shares of Alere Inc (NYSE: ALR) have certain options and for certain investors there are short and strict deadlines running. Deadline: January 13, 2017. NYSE: ALR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Alere’s wholly-owned subsidiary, Arriva Medical, LLC (“Arriva”), was submitting claims to Medicare for deceased patients, that the foregoing conduct subjected Arriva to revocation of its Medicare enrollment, and that as a result, defendants’ statements about Alere’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On November 4, 2016, Alere Inc announced that the Centers for Medicare and Medicaid Services alleged that the Company’s subsidiary, Arriva Medical, submitted claims for 211 deceased patients over a five-year period, and thus revoked Arriva’s Medicare enrollment.

Those who purchased Alere Inc (NYSE: ALR) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.

Michael Daniels

+1 (858) 779-1554

mail@shareholdersfoundation.com

3111 Camino Del Rio North

Suite 423

San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 450008