NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Illumina, Inc. (NASDAQ:ILMN) on behalf of long-term stockholders following a class action complaint that was filed against Illumina on November 10, 2023 with a Class Period from September 21, 2020 to November 9, 2023. Our investigation concerns whether the board of directors of Illumina have breached their fiduciary duties to the company.
On August 10, 2023, after the market closed, Illumina revealed that the SEC was investigating the Company's statements regarding its recent acquisition of GRAIL, Inc. ("GRAIL"), including "conduct and compensation of certain members of Illumina and GRAIL management."
On this news, the Company's stock price fell $4.64, or 2.5%, to close at $180.48 per share on August 11, 2023.
Then, on October 17, 2023, Carl Icahn ("Icahn") filed a complaint ...