IMPORTANT SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP Announces That a Class Action Lawsuit Against Spectrum...
November 05 2015 - 6:00PM
Wolf Haldenstein Adler Freeman & Herz LLP announces that a
class action lawsuit has been filed in the United States District
Court for the District of Nevada on behalf of all persons or
entities that purchased the securities of Spectrum Pharmaceuticals,
Inc. (NASDAQ:SPPI) (“Spectrum” or the “Company”) during the period
between May 7, 2015 through October 23, 2015, inclusive (the “Class
Period”).
Shareholders of who incurred losses on
shares on purchased within the Class Period are urged to contact
the firm immediately at classmember@whafh.com or
(800) 575-0735 or (212) 545-4774.
If you purchased the shares of Spectrum
Pharmaceuticals, Inc. during the period May 7, 2015 through October
23, 2015, inclusive, you may, no later than January 4,
2016, request that the Court appoint you lead plaintiff of
the proposed class.
On October 23, 2015, the Company announced that
the FDA failed to approve the new drug application (“NDA”) for one
of the Company’s major potential revenue drivers, Evomela—a drug
directed at patients with multiple myeloma. The filed Complaint
asserts that during the Class Period, the Company made repeated
false and misleading statements concerning the ability of Evomela
to drive the Company’s revenues, and provided assuring statements
to the public that the FDA would approve its NDA, allowing the drug
to be marketed immediately. When the truth was disclosed on October
23, 2015, the Company lost closed a $5.33, down $1.31, a 20%
decline and has yet to recover.
Wolf Haldenstein has extensive experience in the
prosecution of securities class actions and derivative litigation
in state and federal trial and appellate courts across the
country. The firm has attorneys in various practice areas;
and offices in New York, Chicago and San Diego. The
reputation and expertise of this firm in shareholder and other
class litigation has been repeatedly recognized by the courts,
which have appointed it to major positions in complex securities
multi-district and consolidated litigation.
If you wish to discuss this action or have any
questions regarding your rights and interests in this case, please
immediately contact Wolf Haldenstein Adler Freeman & Herz LLP
by telephone at (800) 575-0735, via e-mail at
classmember@whafh.com, or visit our website at www.whafh.com.
All e-mail correspondence should make reference to the “Spectrum
Investigation.”
Attorney Advertising. Prior results do not guarantee or predict
a similar outcome.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
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