EBS INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class Action Involving Emergent Bi...
August 22 2016 - 10:20AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the District of Maryland
on behalf of investors who purchased Emergent Biosolutions Inc.
(NYSE:EBS) securities between January 11, 2016 and June 21,
2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/emergent-biosolutions-inc.
There is no cost or obligation to you.
According to the complaint, the defendants allegedly issued
materially false and misleading information regarding the Company’s
business and financial prospects, particularly in relation to
potential contract renewals and demand from the U.S. government for
its anthrax vaccine BioThrax. The complaint further alleges that
these positive statements caused the stock to trade at artificially
inflated prices, allowing insiders to sell their shares at these
inflated prices.
On June 22, 2016, Emergent Biosolutions announced that the U.S.
government had notified the Company it would only be purchasing
29.4 million doses of the vaccine over the following five years—an
amount approximately one third less than the original contract. In
addition, the Company disclosed that the government was seeking
other anthrax vaccines, and that it was putting its supply bid out
to other companies.
If you suffered a loss in Emergent Biosolutions you have until
September 19, 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/emergent-biosolutions-inc.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160822005602/en/
The Law Offices of Vincent WongVincent Wong, Esq.Tel.
212.425.1140Fax. 866.699.3880vw@wongesq.com
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