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MONDAY WARNING PERIOD: Schall legislation agency has introduced that it has filed a category motion lawsuit towards Chembio Diagnostics, Inc. and encourages buyers with losses in extra of $ 100,000 to contact the agency – Yahoo Finance

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Los Angeles, California – (Newsfile Corp. – 16. August 2020) – The law firm Schall, a national shareholder law firm, has announced that it will be filing a class action lawsuit against Chembio Diagnostics, Inc. ("Chembio" or "the Company") (NASDAQ: CEMI) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 issued by the Securities and Exchange Commission. "data-reactid =" 19 "> Los Angeles, California – (Newsfile Corp. – Aug 16, 2020) – The Schall Law Firm, a national shareholder rights law firm, has announced it has filed a class action lawsuit against Chembio Diagnostics, Inc. (" Chembio "or" the Company ") (NASDAQ: CEMI) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission were.

Investors who purchased the Company's securities between April 1, 2020 and June 16, 2020 (including the “Class Period”) are advised to contact the Company before August 17, 2020.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you are a shareholder who has suffered a loss, Click here to participate. "data-reactid =" 21 "> If you are a shareholder who has suffered a loss, click here to participate.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "We also recommend Brian Schall from the Schall law firm, To discuss your rights at no charge, call 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, or contact us through the firm's website at www.schallfirm.comor by email to brian@schallfirm.com. "data-reactid =" 22 "> We also recommend that you contact Brian Schall from the law firm Schall, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335 in order to exercise your rights free of charge to discuss You can also contact us on the company's website at www.schallfirm.com or by email at brian@schallfirm.com.

In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don't take action, you can remain an absent class member.

According to the complaint, the company made false and misleading statements to the market. Chembio's COVID-19 antibody test was one of the first to be granted Emergency Use Authorization (EUA) by the FDA in April. The FDA revoked the company's EEA on June 17, 2020 due to concerns about test accuracy. According to the FDA, "the benefits no longer outweigh the risks" and "it is unreasonable to believe the test may be effective" because it "produces a higher than expected rate of false results and is higher than what is stated in the approval reflects labeling for the device. "As a result of these facts, the Company's public statements throughout the class were false and materially misleading. When the market learned the truth about Chembio, investors suffered damage.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Join the case to make up for your losses. "data-reactid =" 29 "> Join the case to make up for your losses.

Schall law firm represents investors around the world and specializes in class actions and shareholder disputes.

This press release may be viewed as a solicitation in some jurisdictions under applicable laws and ethical rules.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "CONTACT:"data-reactid =" 32 "> CONTACT:

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The law firm Schall
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com"data-reactid =" 33 "> The law firm Schall
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61882"data-reactid =" 41 "> You can find the source version of this press release at https://www.newsfilecorp.com/release/61882

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