ACCESS Newswire
20 Jan 2023, 03:01 GMT+10
LOS ANGELES, CA / ACCESSWIRE / January 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Y-mAbs Therapeutics, Inc. ('Y-mAbs' or 'the Company') (NASDAQ:YMAB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between October 6, 2020 and October 28, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before March 20, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Y-mAbs repeatedly misled investors about its meetings with the FDA, claiming that it was making progress in demonstrating the effectiveness and efficacy of its drug candidate, omburtamab. In fact, the FDA had advised the Company that it could not compare data from its studies with the Central German Childhood Cancer Registry (CGCCR) database due to a variety of factors including the absence of tumor response data. The Company failed to inform investors that it had decided to submit its BLA on March 31, 2022, before reaching an agreement with the FDA. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Y-mAbs, investors suffered damages.
Join the caseto recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationForget dtente, Moscow must fight to the end Many now speak of humanity's drift towards World War III, imagining events similar to...
New Delhi [India], July 15 (ANI): The Rouse Avenue court on Monday permitted Bharat Rashtra Samithi (BRS) MLC K Kavitha to travel to...
New Delhi [India], July 14 (ANI): India on Monday strongly condemned the disruption caused during the Rath Yatra procession in Toronto,...
BEIJING, July 14 (Xinhua) -- China is experiencing a surge in foreign tourist arrivals as the summer vacation season kicks off, with...
(Photo credit: REUTERS/Sarah Meyssonnier) Ireland's Ben Healy lost a chance at a Stage 10 victory Monday but gained something far...
Sefcovic noted that the 27-country bloc is preparing potential countermeasures worth 72 billion euros. BRUSSELS, July 14 (Xinhua)...
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...