|[March 12, 2014]
GERON INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Geron Corporation Following FDA Clinical Hold of Blood Medicine and Analyst Downgrade
NEW ORLEANS --(Business Wire)--
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into Geron Corporation (Nasdaq:
On March 12, 2014, Geron announced that the Company has received verbal
notice from the U.S. Food and Drug Administration ("FDA") that its
investigational new drug application for its only experimental drug,
imetelstat for blood disorders, has been placed on full clinical hold,
affecting its mid-stage trials of imetelstat because of low-grade liver
function test abnormalities. The FDA expressed concern about whether
these LFT abnormalities are reversible.
On this news, Geron was downgraded by MLV & Co, and the price o its
shares plummeted by over 61%.
KSF's investigation is focusing on whether Geron and/or its officers and
directors violated state or federal securities laws.
If you have information that would assist KSF in its investigation, or
would like to discuss your legal rights, you may, without obligation or
cost to you, e-mail or call KSF Managing Partner Lewis Kahn (email@example.com)
or KSF Partner Melinda Nicholson (firstname.lastname@example.org)
toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities class action
and shareholder derivative litigation with offices in New York and
Louisiana. KSF's lawyers have significant experience litigating complex
securities class actions nationwide on behalf of both institutional and
To learn more about KSF, you may visit www.ksfcounsel.com.
[ Back To TMCnet.com's Homepage ]