MRO Magazine

SIENTRA SHAREHOLDER ALERT: Johnson & Weaver, LLP Announces Filing of Class Action Complaint Against Certain Officers and Directors of Sientra, Inc.; Encourages Investors to Contact the Firm for Information


October 29, 2015
By Business Wire News

SAN DIEGO

Shareholder rights law firm Johnson & Weaver, LLP reminds investors that they have until November 24, 2015 to file a motion seeking to be appointed lead plaintiff against Sientra, Inc. (NASDAQ: SIEN).

If you are a Sientra shareholder and fit in one of the following categories, we encourage you to contact Johnson & Weaver:

1)  Shareholders buying Sientra securities between March 18, 2015 and September 24, 2015 inclusive (the “Class Period”).
2)  Shareholders who specifically purchased Sientra common stock pursuant to the secondary offering in September 2015.

Additional Information about the Lawsuit:

Sientra is a medical aesthetics company that develops and sells medical aesthetics products to plastic surgeons in the United States.

The Complaint alleges that during the Class Period, Sientra made false and misleading statements and failed to disclose significant information to shareholders. Specifically, the Company’s sole source, third-party manufacturer Silimed (with its manufacturing plant in Brazil), carried significant quality control risks. In addition, the manufacturing processes at the Silimed manufacturing plant were contaminated. As a result, United Kingdom’s Medicines and Healthcare Products Regulatory Agency suspended the CE certificate for all medical devices made by Silimed. When the facts were made known, investors suffered.

Plaintiff seeks to recover damages on behalf of all purchasers of Sientra securities during the Class Period. If you wish to serve as a lead plaintiff, you must move the Court no later than November 24, 2015. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com