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IMPORTANT UNILIFE SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been commenced on behalf of shareholders of Unilife Corporation -- UNIS

Upcoming Lead Plaintiff Deadline is July 25, 2016

NEW YORK, June 01, 2016 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed against Unilife Corporation (“Unilife” or the “Company”) (Nasdaq:UNIS) in the United States District Court for the Southern District of New York on behalf of purchasers of Unilife common stock between February 3, 2014 and May 23, 2016, inclusive (the “Class Period”).

Shareholders who have purchased Unilife common stock within the class period and incurred losses, are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.

If you purchased shares of Unilife and suffered a loss, you may request that the Court appoint you lead plaintiff of the proposed class no later than July 25, 2016.

On May 8, 2016, the Company disclosed that it was postponing its earnings conference call, originally scheduled for May 9, 2016, due to the discovery of violations of Company policies and procedures and possible violations of laws and regulations by the Company’s “former Chief Executive Officer” and by the “former Chairman of the Company’s Board of Directors who resigned in 2015.” The Company also announced that it was investigating the issues’ potential impact on financial reporting and internal controls over financial reporting, related to the Company’s previously-issued financial statements, current interim financial information, and management’s certifications.  Finally, the Company disclosed that it expected to delay filing its quarterly Form 10-Q for the period ended March 31, 2016.

On this news, the Company’s stock price fell $1.50 per share, or more than 29%, to close at $3.60 per share on May 9, 2016, on unusually heavy trading volume.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. You may also follow the firm and learn about newly filed cases on Twitter and Facebook.  

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP 
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

/EIN News/ --

Distribution channels: Consumer Goods, Law


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