MONDAY DEADLINE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against PolarityTE, Inc. & Encourages Inv...
August 24 2018 - 12:16PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against
PolarityTE, Inc. (“PolarityTE” or ''the Company'') (NASDAQ: COOL)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder by the U.S.
Securities and Exchange Commission.
Investors who purchased the Company's shares between March 31,
2017 and June 22, 2018, inclusive (the ''Class Period''), are
encouraged to contact the firm before August 27, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and
misleading statements to the market throughout the class period.
PolarityTE failed to disclose the status of Patent #14/954,335 at
the time it was acquired by PolarityTE on April 7, 2017 and in the
following months. The Company didn’t disclose the updated status of
the patent after its final rejection by the U.S. Patent Trademark
Office on June 4, 2018. Based on these facts, the Company’s public
comments and financial statements were materially false and
misleading. When the market learned the truth about PolarityTE,
investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180824005315/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,310-301-3335www.schallfirm.cominfo@schallfirm.com
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