|By PR Newswire||
|August 1, 2014 06:58 PM EDT||
SAN DIEGO and NORCROSS, Ga., Aug. 1, 2014 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP announces that an investor of Galectin Therapeutics Inc. (NASDAQ: GALT) has filed a federal securities fraud class action complaint in the U.S. District Court for the District of Nevada. The complaint alleges that the company and certain of its officers and directors violated the Securities Exchange Act of 1934 between January 6, 2014 and July 28, 2014 (the "Class Period"). Galectin is a development stage company that researches and develops therapies for fibrotic disease and cancer.
Galectin Is Accused of Engaging in a Misleading Promotional Campaign
According to the complaint, on July 28, 2014, Bleecker Street Research published an article on SeekinAlpha.com claiming Galectin had "strong ties to stock promoters" and was engaging in a misleading brand awareness campaign. On the same day, Adam Feuerstein published an article on TheStreet.com detailing Galectin's alleged association with penny-stock promotions firm Emerging Growth Corp., through its parent company TDM Financial. Through this relationship, Galectin engaged in a misleading promotional campaign to encourage investors to purchase stock of Galectin. On this news, Galectin's stock dropped nearly 61% to close at $5.70, trading at unusually high volumes.
Galectin Investors Are Encouraged to Contact Shareholder Rights Law Firm Robbins Arroyo LLP
If you invested in Galectin and would like to discuss your shareholder rights, please contact attorney Darnell R. Donahue at (800) 350-6003, [email protected], or via the information form on the firm's shareholder rights blog: www.robbinsarroyo.com/shareholders-rights-blog/galectin-therapeutics-inc.
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
SOURCE Robbins Arroyo LLP
Sep. 25, 2016 05:00 PM EDT Reads: 1,719
Sep. 25, 2016 04:15 PM EDT Reads: 2,529
Sep. 25, 2016 03:45 PM EDT Reads: 2,345
Sep. 25, 2016 03:15 PM EDT Reads: 4,380
Sep. 25, 2016 03:00 PM EDT Reads: 1,566
Sep. 25, 2016 02:30 PM EDT Reads: 1,508
Sep. 25, 2016 02:15 PM EDT Reads: 1,795
Sep. 25, 2016 02:00 PM EDT Reads: 1,513
Sep. 25, 2016 02:00 PM EDT Reads: 2,598
Sep. 25, 2016 01:00 PM EDT Reads: 825
Sep. 25, 2016 12:45 PM EDT Reads: 2,441
Sep. 25, 2016 12:15 PM EDT Reads: 3,377
Sep. 25, 2016 12:15 PM EDT Reads: 1,100
Sep. 25, 2016 11:45 AM EDT Reads: 1,645
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 25, 2016 11:30 AM EDT Reads: 1,511