Lawfuel – Dyer & Berens LLP(www.berenslaw.com) announced today that a proposed class-action lawsuit on behalf of investors who purchased NeuroMetrix, Inc. (“NeuroMetrix” or the “Company”) (Nasdaq:NURO) common stock between October 27, 2005 and March 6, 2007 (the “Class Period”) was filed in the United States District Court for the District of Massachusetts.
If you purchased NeuroMetrix common stock during the Class Period, you
may, no later than Friday, May 16, 2008, request that the Court appoint
you as a lead plaintiff for the Class. A lead plaintiff is a class
member that acts on behalf of other investors in directing the
litigation. Although your ability to share in any recovery is not
affected by the decision whether or not to seek appointment as a lead
plaintiff, lead plaintiffs make important decisions which could affect
the overall recovery for class members.
For a free consultation regarding your rights and interests with
respect to the pending lawsuit, you may contact Jeffrey A. Berens of
Dyer & Berens LLP at (888) 300-3362 or (303) 861-1764, or via email at
jeff@dyerberens.com.
In the Complaint, the plaintiff alleges that NeuroMetrix and certain of
its officers and directors issued materially false, misleading, and/or
incomplete statements concerning the Company’s NC-stat System. The
NC-stat System is a strap-on or hand-held device comprised of
disposable single-use biosensors which are placed on a patient’s skin
to perform nerve conduction studies. It is a diagnostic device
typically used by general practitioner physicians to test patients for
problems such as carpal tunnel syndrome and back pain without the need
for an exam from a specialty doctor, like a neurologist. As a
consequence of the non-disclosures and materially false and misleading
statements, the plaintiff alleges that investors in NeuroMetrix’s
common stock have sustained substantial losses.
Dyer & Berens LLP specializes in complex class action litigation on
behalf of injured investors throughout the nation. The firm’s extensive
experience in securities litigation, particularly in cases brought
under the Private Securities Litigation Reform Act, has contributed to
the recovery of hundreds of millions of dollars for aggrieved
investors. Its attorneys have served as lead or liaison counsel in many
securities fraud class actions, including: In re Qwest Comm’ns Int’l
Sec. Litig.; Croker v. Carrier Access Corp.; UFCW Local 880-Retail
Employers Joint Pension Fund v. Newmont Mining Corp.; Rasner v.
FirstWorld Comm’ns, Inc.; In re ICG Comm’ns Sec. Litig.; Angres v.
Smallworldwide, PLC; In re Ultimate Electronics, Inc. Sec. Litig.;
Kerns v. SpectraLink Corp.; Queen Uno Ltd. v. Coeur d’Alene Mines
Corp.; Toothman v. One-Stop Wireless of America; Gregg v. Sport-Haley,
Inc.; and In re Tele-Communications, Inc. Sec. Litig.
CONTACT: Dyer & Berens LLP
Jeffrey A. Berens, Esq.
(888) 300-3362
(303) 861-1764
Fax: (303) 395-0393
jeff@dyerberens.com
