SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Spectrum Pharmaceuticals, Inc. of Pendency of Class Action L...
November 19 2015 - 05:18PM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of Spectrum
Pharmaceuticals, Inc. (“Spectrum Pharmaceuticals”)
(NASDAQ:SPPI) between May 7, 2015 and October 23,
2015.
You are hereby notified that a
securities class action lawsuit has been commenced in the United
States District Court for the District of Nevada. If you purchased
or otherwise acquired Spectrum Pharmaceuticals between May 7, 2015
and October 23, 2015, your rights may be affected by this action.
To get more information go to:
http://zlk.9nl.com/spectrump
or contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972. There is no cost or obligation to
you.
The complaint alleges that Spectrum
Pharmaceuticals violated federal securities laws by disseminating
materially false and misleading information and failing to disclose
material facts, causing the stock to trade at artificially inflated
prices.
On October 23, 2015, Spectrum announced that it
has received a Complete Response Letter from the U.S. Food and Drug
Administration (FDA) in response to its New Drug Application
seeking clearance for Evomela, indicating that the FDA cannot
approve the application in its present form. Upon this news, shares
of Spectrum Pharmaceuticals fell more than 20% on intraday
trading.
If you suffered a loss in
Spectrum Pharmaceuticals you have
until January 4, 2016 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.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, Connecticut and Washington D.C.
The firm’s 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 E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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