DENVER, April 11, 2008 (PRIME NEWSWIRE) -- 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.