The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of ImmunoCellular Therapeutics, Ltd. Shareholders & a ...
June 06 2017 - 11:35AM
Business Wire
The Klein Law Firm announces that a class action complaint has
been filed on behalf of shareholders of ImmunoCellular
Therapeutics, Ltd. (NYSEMKT: IMUC) who purchased shares between
May 1, 2012 and December 11, 2013. The action, which was filed in
the United States District Court for the Central District of
California, alleges that the Company violated federal securities
laws.
In particular, the complaint alleges that throughout the Class
Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (1) ImmunoCellular
retained Lidingo Holdings, LLC to publish promotional articles
designed to unlawfully promote the Company; (2) as a result of this
scheme, the market was led to believe that ImmunoCellular's
clinical studies for its product candidate ICT-107 was going well
and the Company's share price was artificially inflated.
On April 10, 2017, the Securities and Exchange Commission
announced enforcement actions against numerous individuals and
entities, including ImmunoCellular, that had engaged in stock
promotion schemes.
Shareholders have until June 30, 2017 to petition the
court for lead plaintiff status. Your ability to share in any
recovery does not require that you serve as lead plaintiff. You may
choose to be an absent class member.
If you suffered a loss during the class period and wish to
obtain additional information, please contact Joseph Klein, Esq. by
telephone at 212-616-4899 or visit
http://www.kleinstocklaw.com/pslra-sa/immunocellular-therapeutics-ltd?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170606006252/en/
The Klein Law FirmJoseph Klein, Esq., 212-616-4899Fax:
347-558-9665www.kleinstocklaw.com
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