Traders With Sizeable Losses Have Option to Direct the Frequency Therapeutics, Inc. Course Motion Lawsuit
San Diego, California–(Newsfile Corp. – July 22, 2021) – The Frequency Therapeutics, Inc. class action lawsuit rates Frequency Therapeutics (NASDAQ: FREQ) and its CEO with violations of the Securities Exchange Act of 1934 and seeks to characterize purchasers of Frequency Therapeutics popular inventory in between November 16, 2020 and March 22, 2021, inclusive (the “Class Interval”). The Frequency Therapeutics class 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 Choose William G. Youthful. A related lawsuit, captioned Hingston v. Frequency Therapeutics, Inc., No. 21-cv-11040, is also pending in the District of Massachusetts.
If you suffered significant losses and want to serve as lead plaintiff of the Frequency Therapeutics class motion lawsuit, be sure to supply your information and facts by clicking in this article. You can also get in touch with attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or by using e-mail at [email protected]. Guide plaintiff motions for the Frequency Therapeutics class action lawsuit have to be submitted with the court docket no later on than August 2, 2021.
Situation ALLEGATIONS: The Frequency Therapeutics class motion lawsuit alleges that, shortly immediately after launching the Period Fx-322 2a demo, Frequency Therapeutics and its Main Government Officer, defendant David L. Lucchino, discovered that the Phase 2a demo success unveiled no discernable difference among Fx-322 and the placebo. The Frequency Therapeutics course action lawsuit additional alleges that, whilst Frequency Therapeutics’ stock price remained artificially inflated, defendant Lucchino bought around 350,000 Frequency Therapeutics shares, pocketing more than $10.5 million.
On March 23, 2021, Frequency Therapeutics disclosed deeply disappointing interim Stage 2a effects, revealing that subjects with mild to average critical sensorineural hearing decline did not demonstrate improvements in listening to measures vs . placebo. On this information, Frequency Therapeutics’ stock price fell by virtually 78%, damaging buyers.
THE Direct PLAINTIFF Process: The Personal Securities Litigation Reform Act of 1995 permits any trader who bought Frequency Therapeutics popular inventory for the duration of the Course Interval to request appointment as guide plaintiff in the Frequency Therapeutics class action lawsuit. A lead plaintiff is normally the movant with the best economical curiosity in the reduction sought by the putative class who is also typical and suitable of the putative course. A direct plaintiff acts on behalf of all other class users in directing the Frequency Therapeutics class action lawsuit. The guide plaintiff can choose a law business of its alternative to litigate the Frequency Therapeutics class action lawsuit. An investor’s capability to share in any opportunity long run restoration of the Frequency Therapeutics class action lawsuit is not dependent upon serving as lead plaintiff.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 workplaces nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law organization representing traders in securities course actions. Robbins Geller lawyers have attained numerous of the most significant shareholder recoveries in historical past, together with the most significant securities course action restoration at any time – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Course Motion Companies Best 50 Report rated Robbins Geller very first for recovering $1.6 billion for traders very last year, additional than double the volume recovered by any other securities plaintiffs’ firm. You should go to https://www.rgrdlaw.com/company.html for a lot more facts.
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Call:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
[email protected]
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