Affymax Inc, AFFY Securities Lawsuit

Company:	Affymax Inc,
Ticker Symbol:	AFFY
Class Period:	Dec-8-11 to Feb-22-13
Date Filed:	Feb-28-13
Lead Plaintiff Deadline:	Apr-29-13
Court:	Northern District of California
Allegations:

Atlanta, GA: A securities class action lawsuit has been filed on behalf of investors who purchased common stock of Affymax, Inc. ("Affymax" or the "Company") between December 8, 2011 and February 22, 2013 ("Class Period").

The lawsuit, which was filed in the United States District Court for the Northern District of California, alleges Affymax issued false and misleading statements to investors during the Class Period by failing to adequately disclose: (1) that the Company's FY 2012 financial guidance was materially overstated; (2) that reported sales of its primary drug product were not sustainable; and (3) that the defendants were materially overstating sales and understating the potential liabilities related to its primary drug product, including refunds and potential liability to injured patients.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Affymax Inc, AFFY Securities Fraud Legal Help

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