Celera Corporation Stock Purchasers File Securities Fraud Class Action Lawsuit Against Celera Corporation
A securities fraud class action lawsuit was filed against Celera Corporation on behalf of a class consisting of all those who purchased or otherwise acquired the common stock of Celera Corporation between April 24, 2008 and July 22, 2009, inclusive (the “Class”) in the United States District Court for the Northern District of California, alleging that Celera Corporation violated federal securities laws (Securities Exchange Act of 1934) by issuing false and misleading financial information to investors, according to class action lawsuit news reports.
The Celera Corporation securities class action complaint reportedly alleges that Celera Corporation repeatedly assured investors that Celera would be able to increase the amount of it Lab Services business that was under contract, making its ability to collect on receivables more predictable and less costly and time consuming, and that it was adequately reserving for bad debts.
For more information on the Celera Corporation securities fraud class action lawsuit, read the Celera Corporation securities class action complaint.
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