EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Cellular Biomedicine Group...
April 22 2015 - 6:41PM
Business Wire
The Rosen Law Firm, a global investor rights firm, announces
that a class action lawsuit has been filed on behalf of purchasers
of Cellular Biomedicine Group Inc. (NASDAQ:CBMG) securities from
June 18, 2014 through April 7, 2015. The lawsuit seeks to recover
damages for Cellular Biomedicine investors under the federal
securities laws.
To join the Cellular Biomedicine class action, go to the firm’s
website at http://www.rosenlegal.com/cases-569.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that the Company made false and/or
misleading statements and/or failed to disclose that: (1) the
Company used paid stock promoter to achieve its unsustainable $500m
valuation, but failed to disclose such use in its regulatory
filings; (2) the Company’s “Car-T” technology experienced patient
deaths and lacked any meaningful market value; and (3) as a result
of the above, the Company’s financial 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 action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than June
22, 2015. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-569.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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