|By Marketwired .||
|August 23, 2014 09:15 AM EDT||
NEW YORK, NY--(Marketwired - August 23, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in InVivo Therapeutics Holdings Corp. ("InVivo" or the "Company") (OTCQB: NVIV) of the October 6, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against InVivo and certain executives.
A complaint has been filed in the United States District Court of Massachusetts on behalf of all persons who purchased or acquired InVivo securities between April 5, 2013 through August 26, 2013, inclusive (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company failed to disclose the timeframe within which its first-in-man clinical study for its biopolymer scaffolding product would be complete and data submitted to the United States Food and Drug Administration ("FDA").
On August 27, 2013, the Company announced that it would need at least 24 months from the date of the first enrolled patient to complete clinical trials for its biopolymer scaffold product.
Following this news, the price of InVivo stock declined by $1.37, or roughly 40%, to close at $2.07 on August 27, 2014.
Request more information now by clicking here: www.faruqilaw.com/NVIV. There is no cost or obligation to you.
If you invested in InVivo stock or options between April 5, 2013 through August 26, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/NVIV. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding InVivo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
Sep. 26, 2016 09:45 AM EDT Reads: 2,778
Sep. 26, 2016 09:15 AM EDT Reads: 2,700
Sep. 26, 2016 09:00 AM EDT Reads: 1,059
Sep. 26, 2016 09:00 AM EDT Reads: 1,521
Sep. 26, 2016 08:30 AM EDT Reads: 2,543
Sep. 26, 2016 08:30 AM EDT Reads: 2,459
Sep. 26, 2016 08:15 AM EDT Reads: 2,433
Sep. 26, 2016 08:15 AM EDT Reads: 2,541
Sep. 26, 2016 08:15 AM EDT Reads: 1,541
Sep. 26, 2016 07:15 AM EDT Reads: 1,891
Sep. 26, 2016 07:15 AM EDT Reads: 1,601
Sep. 26, 2016 07:00 AM EDT Reads: 2,665
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 26, 2016 06:45 AM EDT Reads: 1,079
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 26, 2016 06:45 AM EDT Reads: 1,992
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Sep. 26, 2016 06:30 AM EDT Reads: 2,444