Traders With Significant Losses Have Prospect to Guide the Ocugen, Inc. Class Motion Lawsuit

SAN DIEGO, July 14, 2021–(Organization WIRE)–Robbins Geller Rudman & Dowd LLP announces that purchasers of Ocugen, Inc. (NASDAQ: OCGN) securities amongst February 2, 2021 and June 10, 2021, inclusive (the “Class Interval”) have right up until August 17, 2021 to find appointment as guide plaintiff in the Ocugen class motion lawsuit. The Ocugen course action lawsuit (Nicanor v. Ocugen, Inc., No. 21-cv-02725) was commenced on July 17, 2021 in the Japanese District of Pennsylvania and fees Ocugen and sure of its best executives with violations of the Securities Trade Act of 1934.

If you experienced significant losses and desire to serve as guide plaintiff of the Ocugen course action lawsuit, you should give your facts by clicking in this article. You can also call legal professional J.C. Sanchez of Robbins Geller by calling 800/449-4900 or by means of e-mail at [email protected]. Guide plaintiff motions for the Ocugen class action lawsuit need to be filed with the court docket no afterwards than August 17, 2021.

Scenario ALLEGATIONS: The Ocugen course action lawsuit alleges that, in the course of the Course Interval, defendants created wrong and misleading statements and failed to disclose that: (i) the data that Ocugen submitted to the U.S. Food and Drug Administration (“Fda”) was inadequate to support an Emergency Use Authorization (“EUA”) (ii) Ocugen would not file an EUA with the Food and drug administration and (iii) as a end result, Ocugen’s economical statements, as nicely as defendants’ statements about Ocugen’s enterprise, operations, and potential customers had been phony and misleading and/or lacked a sensible foundation.

On June 10, 2021, Ocugen issued a press release saying that it would go after a biologics license application (“BLA”) with the Food and drug administration in its place of the formerly declared EUA. In performing so, Ocugen disclosed that “[t]he Food and drug administration delivered feed-back to Ocugen regarding the Master File the Business had earlier submitted and suggested that Ocugen pursue a BLA submission instead of an EUA application for its vaccine applicant and asked for added info and data. Ocugen is in conversations with the Food and drug administration to recognize the added facts expected to guidance a BLA submission. The Organization anticipates that info from an more scientific trial will be necessary to support the submission.” On this information, the selling price of Ocugen’s inventory fell much more than 28%, detrimental investors.

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THE Direct PLAINTIFF Procedure: The Non-public Securities Litigation Reform Act of 1995 permits any investor who ordered Ocugen securities in the course of the Course Period to find appointment as direct plaintiff in the Ocugen course action lawsuit. A lead plaintiff is commonly the movant with the finest monetary curiosity in the reduction sought by the putative class who is also common and ample of the putative course. A direct plaintiff acts on behalf of all other class users in directing the Ocugen class motion lawsuit. The guide plaintiff can pick out a legislation business of its option to litigate the Ocugen class action lawsuit. An investor’s means to share in any likely foreseeable future recovery of the Ocugen course action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 workplaces nationwide, Robbins Geller Rudman & Dowd LLP is the premier U.S. law business symbolizing traders in securities class steps. Robbins Geller attorneys have acquired lots of of the largest shareholder recoveries in record, including the major securities class action recovery at any time – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Motion Companies Top 50 Report ranked Robbins Geller very first for recovering $1.6 billion for investors past yr, extra than double the amount of money recovered by any other securities plaintiffs’ company. You should check out https://www.rgrdlaw.com/organization.html for a lot more facts.

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Contacts

Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
[email protected]