NEW YORK, June 27, 2018 /PRNewswire/ -- Bernstein
Liebhard LLP announces that a securities class action lawsuit has
been filed on behalf of those who purchased or acquired the
securities of PolarityTE, Inc. ("PolarityTE" or the "Company")
(NASDAQ: COOL) between March 31, 2017
and June 25, 2018, both dates
inclusive (the "Class Period"). The lawsuit seeks to recover
PolarityTE shareholders' investment losses.
To join the PolarityTE class action, and/or to discuss your
legal rights and options, please visit our POLARITYTE SHAREHOLDER
PAGE or contact Daniel Sadeh toll
free at (877) 779-1414 or dsadeh@bernlieb.com.
According to the lawsuit, throughout the Class Period Defendants
made false and/or misleading statements and/or failed to disclose:
(1) the status of Patent #14/954,335 at the time it was acquired by
PolarityTE on April 7, 2017 and the
months following; (2) the updated status of Patent #14/954,335
after its June 4, 2018 final
rejection by the United States Patent and Trademark Office
("USPTO"); and (3) that as a result of the foregoing, PolarityTE's
publicly disseminated financial statements were materially false
and misleading.
On June 25, 2018, Citron
Research published a report calling PolarityTE a "fraud,"
accusing it of failing to disclose that its key technology has been
rejected patent status by the USPTO.
On this news, PolarityTE's stock fell $12.32 per share, or over 31%, over two
consecutive trading days to close at $26.41 per share on June
26, 2018, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than August 27, 2018. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. Your ability to share in any
recovery doesn't require that you serve as lead plaintiff. If you
choose to take no action, you may remain an absent class
member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
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ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP