BIIB - BIIB Deadline Alert: Kessler Topaz Meltzer & Check LLP Reminds Biogen Inc. (BIIB) Investors of July 22 2024 Deadline in Securities Fraud Class Action Lawsuit | Benzinga
RADNOR, Pa., July 14, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of Colorado against Biogen Inc. ("Biogen") (NASDAQ:BIIB). The action charges Biogen with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Biogen's materially misleading statements and omissions to the public, Biogen's investors have suffered significant losses.
If you suffered Biogen losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/biogen-inc-1?utm_source=PR&utm_medium=link&utm_campaign=biib&mktm=r
You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at info@ktmc.com. The lead plaintiff deadline is July 22, 2024.
DEFENDANTS' ALLEGED MISCONDUCT
The Class Period begins on February 3, 2022, when Biogen issued a press release announcing the company's Q4 and FY 2021 results. In its release, the company stated that it "continued to execute well in [Q4] despite the challenges we have faced," and that "[w]e have introduced the first FDA approved treatment for [Alzheimer's disease] in nearly 20 years, and we are engaging with the Centers for Medicare and Medicaid Services with the hope of finding a path for immediate patient access."
Throughout the Class Period, Defendants made materially false and misleading statements regarding the company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Biogen had overstated its efforts to enhance its transparency, corporate governance, and compliance controls and procedures, as well as the efficacy of those controls and procedures; (2) accordingly, Biogen maintained ...
BIIB) Investors of July 22, 2024 Deadline in Securities Fraud Class Action Lawsuit>Full story available on Benzinga.com