Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Upcoming November 21st Deadline in the Class Action L...
November 17 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming November 21, 2016 deadline to file a lead
plaintiff motion in the class action lawsuit filed on behalf of
investors who purchased or otherwise acquired Spectrum
Pharmaceuticals, Inc. (“Spectrum” or the “Company”) (NASDAQ: SPPI)
securities between February 28, 2013 and September 16, 2016,
inclusive (the “Class Period”). Spectrum investors have
until November 21, 2016 to file a lead plaintiff
motion.
The class action complaint filed on behalf of shareholders
alleges that throughout the Class Period defendants made false
and/or misleading statements and/or failed to disclose that: (1)
the FDA previously questioned whether the data from the 611 and 612
Studies were clinically meaningful; (2) the FDA advised defendants
in December 2012 not to submit the New Drug Application based on
data from the 611 and 612 Studies; and (3) as a result, defendants'
public statements about Spectrum's business, operations and
prospects were materially false and misleading at all relevant
times. When the true details entered the market, the lawsuit claims
that investors suffered damages.
If you purchased Spectrum shares, you may move the Court no
later than November 21, 2016 to request
appointment as lead plaintiff. To be a member of the class you need
not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class.
If you wish to learn more about this action, or if you
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161117005445/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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