SAN DIEGO, Sept. 28, 2019 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential
claims on behalf of Obalon Therapeutics, Inc. (NASDAQ:
OBLN) ("Obalon" or the "Company") against certain of its
officers and directors.
Specifically, a class action lawsuit pending in the United States District Court for the
Southern District of California
against Obalon and certain of its officers and directors recently
survived, in part, Defendants' attempts to have the case
dismissed. The case arises from certain allegedly materially
false and misleading statements regarding the Company's financial
condition and adherence to Generally Accepted Accounting
Principles.
If you are a current, long-term shareholder of Obalon, you may
have standing to hold Obalon harmless from the alleged harm caused
by the officers and directors of the Company by making them
personally responsible. You may also be able to assist in reforming
the Company's corporate governance to prevent future
wrongdoing.
If you are interested in learning more about your legal rights
and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, if you are a current, long-term holder of Obalon
stock, you can [Click here to join this action]. There is no cost
or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
View original
content:http://www.prnewswire.com/news-releases/obalon-obln-alert-johnson-fistel-announces-shareholder-class-action-against-obalon-therapeutics-survives-motion-to-dismiss-should-management-be-held-accountable-for-investors-losses-300927281.html
SOURCE Johnson Fistel, LLP