NEW YORK (GenomeWeb) – Accelerate Diagnostics faces a class action lawsuit from shareholders alleging that the firm intentionally misled investors about the capabilities of its rapid diagnostic platform.

The class action suit was filed in the US District Court for the District of Arizona by plaintiff Brian Rapp on behalf of all persons or entities that purchased Accelerate Diagnostics securities between March 7, 2014 and Feb. 17, 2015. The suit names the firm, President and CEO Lawrence Mehren, and CFO Steve Reichling as defendants.

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