Future DEADLINE: Investors With Substantial Losses Have Possibility to Direct the Frequency Therapeutics, Inc. Course Motion Lawsuit
San Diego, California–(Newsfile Corp. – July 26, 2021) – The Frequency Therapeutics, Inc. (NASDAQ: FREQ) class motion lawsuit costs Frequency Therapeutics and its CEO with violations of the Securities Exchange Act of 1934 and seeks to symbolize purchasers of Frequency Therapeutics widespread stock in between November 16, 2020 and March 22, 2021, inclusive (the “Class Time period”). The Frequency Therapeutics course motion lawsuit (Evans v. Frequency Therapeutics, Inc., No. 21-cv-10933) was commenced on June 3, 2021 in the District of Massachusetts and is assigned to Judge William G. Youthful. A related lawsuit (Hingston v. Frequency Therapeutics, Inc., No. 21-cv-11040) is also pending in the District of Massachusetts.
If you suffered considerable losses and wish to provide as guide plaintiff of the Frequency Therapeutics course action lawsuit, please provide your information by clicking in this article. You can also contact lawyer J.C. Sanchez of Robbins Geller by contacting 800/449-4900 or by way of e-mail at [email protected]. Direct plaintiff motions for the Frequency Therapeutics course motion lawsuit should be submitted with the courtroom no afterwards than August 2, 2021.
Circumstance ALLEGATIONS: The Frequency Therapeutics course action lawsuit alleges that, soon right after launching the Period Fx-322 2a trial, Frequency Therapeutics and its Main Govt Officer, defendant David L. Lucchino, figured out that the Period 2a trial success disclosed no discernable change between Fx-322 and the placebo. The Frequency Therapeutics class motion lawsuit further more alleges that, though Frequency Therapeutics’ stock cost remained artificially inflated, defendant Lucchino bought in excess of 350,000 Frequency Therapeutics shares, pocketing over $10.5 million.
On March 23, 2021, Frequency Therapeutics disclosed deeply disappointing interim Period 2a effects, revealing that subjects with delicate to reasonable serious sensorineural listening to decline did not display advancements in listening to steps as opposed to placebo. On this information, Frequency Therapeutics’ inventory value fell by approximately 78%, harmful traders.
THE Guide PLAINTIFF Process: The Non-public Securities Litigation Reform Act of 1995 permits any trader who obtained Frequency Therapeutics typical inventory all through the Class Interval to seek appointment as lead plaintiff in the Frequency Therapeutics class action lawsuit. A guide plaintiff is frequently the movant with the best economic curiosity in the relief sought by the putative course who is also usual and satisfactory of the putative class. A direct plaintiff acts on behalf of all other course members in directing the Frequency Therapeutics class motion lawsuit. The guide plaintiff can select a legislation agency of its alternative to litigate the Frequency Therapeutics class action lawsuit. An investor’s skill to share in any probable foreseeable future restoration of the Frequency Therapeutics course motion lawsuit is not dependent upon serving as guide plaintiff.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 legal professionals in 9 places of work nationwide, Robbins Geller Rudman & Dowd LLP is the biggest U.S. regulation organization representing buyers in securities course actions. Robbins Geller attorneys have obtained quite a few of the greatest shareholder recoveries in history, like the premier securities class motion recovery at any time – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Motion Solutions Prime 50 Report ranked Robbins Geller initial for recovering $1.6 billion for investors last calendar year, more than double the sum recovered by any other securities plaintiffs’ organization. Be sure to check out https://www.rgrdlaw.com/business.html for more data.
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Speak to:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
[email protected]
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