TMCnet News
GPM Reminds Investors of the August 1 Deadline in the Class Action Lawsuit Against Eagle Pharmaceuticals Inc.Glancy Prongay & Murray LLP ("GPM") reminds investors of the August 1, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the "Class") of investors who purchased Eagle Pharmaceuticals Inc. ("Eagle" or the "Company") (NASDAQ: EGRX) securities between February 23, 2016 and March 18, 2016, inclusive (the "Class Period"). Eagle investors have until August 1, 2016 to file a lead plaintiff motion. The Complaint allege that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies, including misrepresentations about the FDA approval process for its new anticoagulant drug, KANGIO™. On February 25, 2016, responding to inquiries about the pending New Drug Application ("NDA") for the Company's anticoagulant drug KANGIO, Eagle's CEO stated "we have been interacting with FDA and we are preparing for launch, everything seems to be on track for a March 19 approval, and we anticipate shipping in late Q1 or early Q2." However, on March 18, 2016, Eagle disclosed that the FDA did not approve the NDA because it needed "additional information" regarding the substances used in KANGIO. On this news, Eagle stock fell nearly 19% to close at just $43.50 per share on March 18, 2016. If you purchased Eagle shares, you may move the Court no later than August 1, 2016 to request appointment as lead plaintiff. 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 GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160725006050/en/ |
