Zhang Investor Law Reminds Investors of Sept. 24 Deadline in Securities Class Action Lawsuit Against Mallinckrodt plc - MNK
NEW YORK, NY / ACCESSWIRE / September 13, 2019 / Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Mallinckrodt plc (NYSE:MNK) from February 28, 2018 through July 16, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Mallinckrodt investors under the federal securities laws.
If you wish to serve as lead plaintiff, you must move the Court no later than September 24, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to obtain a recovery is not dependent upon being a lead plaintiff. If you wish to join the http://zhanginvestorlaw.com/join-action-form/?slug=mallinckrodt-plc&id=1959 or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. or Spencer Lee toll-free at 800-991-3756 or email [email protected], [email protected] for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) H.P. Acthar Gel (“Acthar”) posed significant safety concerns that rendered it a non-viable treatment for ALS; (2) accordingly, Mallinckrodt overstated the viability of Acthar as an ALS treatment; and (3) as a result, Mallinckrodt’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
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SOURCE: Zhang Investor Law PC
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