|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
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Oct. 26, 2016 05:30 PM EDT Reads: 1,503
Oct. 26, 2016 05:15 PM EDT Reads: 1,259
Oct. 26, 2016 05:00 PM EDT Reads: 4,202
Oct. 26, 2016 05:00 PM EDT Reads: 9,050
Oct. 26, 2016 04:30 PM EDT Reads: 1,668
Oct. 26, 2016 04:15 PM EDT Reads: 345
Oct. 26, 2016 04:00 PM EDT Reads: 2,116
Oct. 26, 2016 04:00 PM EDT Reads: 3,824
Oct. 26, 2016 03:45 PM EDT Reads: 1,510
Oct. 26, 2016 03:30 PM EDT Reads: 1,080
Oct. 26, 2016 02:45 PM EDT Reads: 353
Oct. 26, 2016 02:15 PM EDT Reads: 1,291
Oct. 26, 2016 02:00 PM EDT Reads: 1,003
Oct. 26, 2016 01:30 PM EDT Reads: 1,109
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Oct. 26, 2016 01:15 PM EDT Reads: 1,414