Monday, May 29, 2017
 
 
Company News: Page (1) of 1 - 05/19/17 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
SHAREHOLDER ALERT:  Pomerantz Law Firm Announces the Filing of a Class Action against Akari Therapeutics plc and Certain Officers AKTX

(May 19, 2017)


NEW YORK, May 19, 2017 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Akari Therapeutics plc. (?Akari or the ?Company) (NASDAQ:AKTX) and certain of its officers.   The class action, filed in United States District Court, Southern District of New York, and docketed under 17-cv-03783, is on behalf of a class consisting of investors who purchased or otherwise acquired Akari American Depository Receipts (?ADR or ?share) securities, seeking to recover compensable damages caused by defendants violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased shares between March 30, 2017 and May 11, 2017, both dates inclusive, you have until July 11, 2017 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

Click here to join this class action

Akari Therapeutics, plc is a clinical-stage biopharmaceutical company focused on developing inhibitors of acute and chronic inflammation, specifically the complement system, the eicosanoid system, and the bioamine system for the treatment of rare and orphan diseases.

On April 26, 2017, Edison Investment Research Ltd. (?Edison) issued a report titled ?Akaris Coversin matches Soliris in Phase II (the ?Edison Report).

On April 27, 2017, the Company disclosed that Edison had withdrawn its report because it contained material inaccuracies related to Akaris interim analysis of its Phase 2 PNH trial of Coversin. The Company further stated that investors should not rely upon any information contained in the Edison Report.

Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Companys business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:  (i) officers of the Company, including Akaris Chief Executive Officer (?CEO), were involved in publishing false information about the Company, including false information about the Phase 2 PNH trial of the Companys Coversin product; (ii) the Company lacked adequate checks and protections to prevent such behavior; and (iii) as a result of the foregoing, Akaris public statements were materially false and misleading at all relevant times.   

On May 11, 2017, Akari filed a Form 6-K with the Securities and Exchange Commission announcing that Akari had established an ad hoc special committee to review the involvement of Company personnel in preparing the inaccurate Edison Report. Furthermore, the Form 6-K disclosed that Dr. Gur Roshwalb, the CEO, has been placed on administrative leave while the review is pending.

On this news, the Companys shares price fell $2.46, or 21.41%, to close at $9.03 on May 12, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT: CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com

Page: 1


Related Keywords:
Related Sites: HTN - Health Technology Net
Related Newsletter: Tutorial Finder ,   Review Seeker ,   DMN Newswire Newsletter
 
 
 
 
 
Seniors

Drugs
  • Silver Birch of Hammond Affordable Assisted Lifestyle Community Opens Doors
  • Male Infertility Market Size Worth $4.7 Billion by 2025 | CAGR: 4.6%: Grand View Research, Inc.
  • Dental Radiology and Dental Imaging Devices market is expected to grow with CAGR of approximately 10%
  • NetDirector Enables Next-Generation Integration in Radiology with American Health Imaging
  • APR Applied Pharma Research at the 9th ChinaBio® Partnering Forum: Bringing Swiss Made Innovations and Science Driven Technologies to Strengthen Its Presence in the Chinese Market

    Cancer
  • Cone beam computed tomography (CBCT) Systems Market Expected to Reach $1,041 Million, Globally, by 2023 - Allied Market Research
  • Mesothelioma Compensation Center Now Urges the Family of a Person Who Recently Died From Mesothelioma Before They Could Hire a Lawyer to File a Claim to Call for Instant Help
  • Mapi Research Trust Unveils New Clinical Outcome Assessments (COA) Website for the Zarit Burden Interview (ZBI) Questionnaire
  • Global Cancer Monoclonal Antibody Partnering Terms and Agreements 2010 - 2017: Deal trends, players, financials and forecasts
  • Artificial Intelligence Firm Set to Revolutionize Healthcare
  •  
     
     
     
     
     





    Our Privacy Policy --- About The Health Technology - Contact Us - Advertise With Us - Privacy Guidelines