NEW YORK, Aug. 27, 2014 /PRNewswire/ -- Levi &
Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the District of
Nevada on behalf of investors who
purchased Galectin Therapeutics Inc. ("Galectin" or the "Company")
(NasdaqCM: GALT) securities between January
6, 2014 and July 28, 2014.
For more information, click here:
http://zlk.9nl.com/galectin-therapeutics-galt.
The complaint alleges that during the Class Period the Company
violated federal securities laws by issuing false and misleading
statements regarding its business and prospect. As a result of
these statements, Galectin stock traded at artificially inflated
prices.
On July 28, 2014, an article
featured on TheStreet.com noted that Galectin hired a stock
promotions firm known as Emerging Growth Corp. to tout its stock.
The article further notes that Emerging Growth "describes itself as
an investor relations and marketing company, but that it's just a
shiny façade on what is really an ugly penny-stock promotions
scheme." The following day Galectin reported disappointing results
regarding its phase 1 experimental drug trial for GR-MD-02.
If you suffered a loss in Galectin you have until September 29, 2014 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/galectin-therapeutics-galt.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut, and Washington D.C. The
firm's 26 attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP