Investigation of GlobeImmune, Inc. Announced by Glancy Prongay & Murray LLP
2015年6月11日 - 2:09AM
ビジネスワイヤ(英語)
Glancy Prongay & Murray LLP announces that it is
investigating potential claims on behalf of investors of
GlobeImmune, Inc. (“GlobeImmune” or the “Company”) (NASDAQ:GBIM)
concerning the Company’s and its officers’ possible violations of
federal securities laws.
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
that the Company’s working capital would be insufficient to support
the Company’s continuing operations, in light of failures with the
Company’s FDA clinical trials for GlobeImmune’s therapeutic
products. As a result of the Company’s fraudulent conduct investors
have been severely damaged.
On May 27, 2015, the Company announced top line results from the
Phase 2 trial for its hepatitis B treatment. On news that the
Company’s hepatitis B treatment failed to meet the trial’s primary
endpoint, shares of GlobeImmune fell by $4.23 per share, or over
50%, to close on May 27, 2015 at $4.01 per share. Then, on June 10,
2015, GlobeImmune announced that, “it is evaluating strategic
options for the company. In conjunction with this process, the
Board has authorized eliminating the majority of positions in its
workforce. . . Following our recent data announcement in our
hepatitis B program, this workforce reduction is a necessary action
to conserve working capital and provide maximum flexibility in
determining the future direction of GlobeImmune.” On this news,
shares of GlobeImmune fell $1.00 per share, during intraday trading
on June 10, 2015, or more than 26%.
If you purchased shares of GlobeImmune prior to June 10, 2015,
have information or would like to learn more about these claims, or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Lesley
Portnoy, of Glancy Prongay & Murray LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150610006115/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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