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Glancy Prongay & Murray LLP Files Securities Class Action Lawsuit Against Rockwell Medical, Inc.
[May 03, 2016]

Glancy Prongay & Murray LLP Files Securities Class Action Lawsuit Against Rockwell Medical, Inc.


Glancy Prongay & Murray LLP ("GPM") announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the "Class") of purchasers of Rockwell Medical, Inc. ("Rockwell" or the "Company") (NASDAQ: RMTI) securities between November 19, 2014 and February 29, 2016, inclusive (the "Class Period").

If you are a member of the Class described above, you may move the Court no later than May 3, 2016 to serve as lead plaintiff. Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at [email protected] to discuss this matter.

On January 26, 2015, the Company issued a press release announcing that "the U.S. Food & Drug Administration (FDA) has approved its drug Triferic for commercial sale as an iron replacement prouct to maintain hemoglobin in adult patients with hemodialysis dependent chronic kidney disease." And, throughout 2015, analysts viewed the launch of Triferic as a boon to the Company, and a catalyst for earnings appreciation.



The complaint charges Rockwell and certain of its officers with violations of the federal securities laws for failing to disclose to investors the alleged failure of Triferic to significantly contribute to Rockwell's revenues. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose: (1) that Triferic was unlikely to produce material sales in fiscal year 2015; (2) that sales of Triferic were immaterial in fiscal year 2015; and, (3) that, as a result of the foregoing, Defendants' statements about Rockwell's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to [email protected], or visit our website at http://www.glancylaw.com.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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