NEW YORK, June 15, 2012 /PRNewswire/ -- Notice is hereby
given that Faruqi & Faruqi, LLP has filed a class action
lawsuit in the United States District Court for the Southern
District of New York, Case No.
12-Civ-4711, on behalf of all persons who purchased AEterna
Zentaris Inc. ("AEterna" or the "Company") (NASDAQ GM: AEZS)
securities between February 3, 2010
and April 1, 2012 inclusive (the
"Class Period").
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If you wish to obtain information concerning this action or
view a copy of the complaint, you can do so by clicking here:
http://faruqilaw.com/AEZS. There is no cost or obligation to
you.
AEterna, AEterna's Chief Executive Officer Juergen Engel and AEterna's Chief Financial
Officer Dennis Turpin are charged
with violations of Section 10(b) and/or 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
Specifically, the complaint alleges that defendants mislead
investors about the timing and success of AEterna's clinical trial
that tested whether the drug perifosine was effective in treating
late stage colorectal cancer.
On April 2, 2012, AEterna shocked
the market by disclosing that perifosine was ineffective in
treating colorectal cancer. This news caused AEterna stock to
drop approximately 66% by the close of the business day.
Plaintiff now seeks to recover damages on behalf of himself and
all other individual and institutional investors who bought AEterna
securities between February 3, 2010
and April 1, 2012, excluding
defendants and their affiliates. Plaintiff is represented by
Faruqi & Faruqi, LLP, a law firm with extensive experience in
prosecuting class actions and actions involving corporate
fraud.
If you purchased AEterna securities during the Class Period, you
may, not later than August 14, 2012,
move the court to serve as lead plaintiff of the class, if you so
choose. In order to discuss this action, or if you have any
questions concerning this notice or your rights or interests,
please contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
ATTN: Juan Monteverde, Esq,
Richard Gonnello, Esq. or
Francis P. McConville, Esq.
jmonteverde@faruqilaw.com, rgonnello@faruqilaw.com or
fmcconville@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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