SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Edge Therapeutics, Inc. ...
June 06 2018 - 12:47PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Edge
Therapeutics, Inc. (“Edge” or ''the Company'') (NASDAQ: EDGE) for
violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities
and Exchange Commission.
Investors who purchased the Company's shares between December
29, 2017 and March 27, 2018, inclusive (the ''Class Period''), are
encouraged to contact the firm before June 22, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, Edge Therapeutics made materially
false and misleading statements during the class period. Edge
failed to disclose that the company’s leading new product
candidate, known as EG-1962, was likely to fail a futility test
related to the NEWTON 2 study. As a result of the failure to
disclose this information, Edge Therapeutics’ financial statements,
claims about the company’s business operations, and financial
prospects were materially false and misleading throughout the class
period. According to the lawsuit, when accurate information about
Edge Therapeutics became apparent in the market, investors suffered
damages.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180606006088/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,www.schallfirm.com310-301-3335info@schallfirm.com
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