KALOBIOS PHARMACEUTICALS, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor Investigate Possible Bre...
2016年1月7日 - 2:38AM
ビジネスワイヤ(英語)
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor LLP announce that a
federal class action lawsuit has been filed in the United States
District Court, Northern District of California against KaloBios
Pharmaceuticals, Inc. (“KaloBios”) (NASDAQ: KBIO) and several
officers and directors for acts taken during the period of November
19, 2015 and December 17, 2015 (the “Class Period”).
Shareholders who suffered a loss during the class period have
until February 16, 2016 to seek appointment as lead plaintiff. If
you lost more than $100,000 from shares purchased during the class
period and wish to take a more proactive role in the litigation,
you are urged to contact Willie Briscoe at The Briscoe Law Firm,
PLLC via email at shareholders@thebriscoelawfirm.com, Patrick
Powers at Powers Taylor LLP via email at
shareholder@powerstaylor.com, or call toll free at (877) 728-9607.
There is no cost or fee to you.
According to the complaint, the defendants are alleged to have
violated certain provisions of the Securities Exchange Act of 1934.
Specifically, the complaint alleges, among other things, that
KaloBios issued false and misleading statements and/or failed to
disclose that: (1) Martin Shkreli, CEO of KaloBios, was engaged in
a scheme involving the illegal use of stock from Retrophin, Inc. to
pay off debts associated with other unrelated business ventures;
and (2) the discovery and revelation of that scheme would likely
undermine KaloBios’ operations and prospects. Following news
reports on December 17, 2015 that Shkreli was arrested on fraud
charges relating to his illegal use of stock from Retrophin, Inc.
to pay off debts associated with other unrelated business ventures,
KaloBios stock dropped significantly.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160106006373/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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