SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of the Board of Directors of Sientra, Inc. – SIEN
BALA CYNWYD, Pa., March 24, 2017 /Access Wire/ Law Office of Brodsky & Smith, LLC announces an investigation of the Board of Directors of Sientra, Inc. (“Sientra” or the “Company”) (Nasdaq -SIEN- News) for potential violations of securities laws and breaches of the Sientra Board’s fiduciary duties.
The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Central District of California. The complaint alleges that the Defendants made false and misleading statements including (1) failing to disclose that Sientra’s exclusive reliance on Silimed’s Brazilian manufacturing facilities carried significant quality control risks; (2) the manufacturing processes at the Silimed Rio de Janeiro manufacturing plant were contaminated; (3) the Company’s statements regarding quality control and other financial statements were materially false and misleading at all relevant times; and (4) as a result, on September 24, 2015 shares of Sientra stock fell 52.9%.
If you own shares of Sientra common stock, and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.
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