INVESTOR ALERT: Law Offices of Howard G. Smith Announces an Expanded Class Period in the Shareholder Lawsuit against Galena B...
April 22 2014 - 10:32AM
Business Wire
Law Offices of Howard G. Smith announces that the class action
lawsuit against Galena Biopharma, Inc. (“Galena” or the “Company”)
(NASDAQ:GALE) filed in the United States District Court for the
District of Oregon has been expanded to include all purchasers of
Galena common stock between May 9, 2013 and March 17, 2014,
inclusive (the “Class Period”).
Galena is a biopharmaceutical company commercializing and
developing innovative, targeted oncology treatments that address
major unmet medical needs to advance cancer care. The Complaint
alleges that throughout the Class Period defendants misrepresented
and/or failed to disclose that: (1) the Company hired a promoter –
The DreamTeam Group – to boost Galena’s share price; (2) the
promoter posted misleading articles on Galena’s behalf without
properly disclosing its paid marketing relationship; and (3) as a
result, the Company’s statements were materially false and
misleading at all relevant times.
If you purchased Galena shares during the Class Period, you may
move the Court no later than May 5, 2014, to serve as lead
plaintiff, if you meet certain legal requirements. To be a member
of the Class, you need not take any action at this time; you may
retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this
action, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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