CYTR SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving CytRx Corp. & a Lead Pl...
August 22 2016 - 10:19AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Central District of
California on behalf of investors who purchased CytRx Corporation
(NASDAQ:CYTR) securities between November 18, 2014 and July 11,
2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/cytrx-corporation. There is no
cost or obligation to you.
According to the complaint, throughout the Class Period,
Defendants made materially false and/or misleading statements
and/or failed to disclose material adverse facts including: (1)
that the clinical hold placed on the Phase 3 trial of aldoxorubicin
for soft tissue sarcomas (“STSs”) would prevent sufficient
follow-up for patients involved in the study; (2) that, as a
result, nearly half of all patients would be excluded from the data
since the study was disturbed by a partial clinical hold; (3) that,
in response, CytRx would likely conduct a second analysis; (4)
that, as such, the results of the trial could be materially
affected and/or approval of aldoxorubicin for STS could be delayed;
and (5) that, as a result of the foregoing, Defendants’ statements
about CytRx’s business, operations, and prospects, were false and
misleading and/or lacked a reasonable basis.
If you suffered a loss in CytRx you have until September 23,
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. To obtain additional information, contact Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://www.wongesq.com/pslra/cytrx-corporation.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:Vincent Wong, Esq.39 East BroadwaySuite 304New York, NY
10002Tel. 212.425.1140Fax. 866.699.3880E-Mail: vw@wongesq.com
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version on businesswire.com: http://www.businesswire.com/news/home/20160822005600/en/
Law Offices of Vincent WongVincent Wong,
Esq.212.425.1140vw@wongesq.com
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