NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Acelyrin, Inc. (NASDAQ:SLRN), Illumina, Inc. (NASDAQ:ILMN), and Roblox Corporation (NYSE:RBLX). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Acelyrin, Inc. (NASDAQ:SLRN)
Class Period: May 4, 2023 - September 11, 2023
Lead Plaintiff Deadline: January 16, 2024
According to the filed complaint, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) izokibep was less effective in treating HS than Defendants had led investors to believe; (ii) accordingly, Acelyrin overstated izokibep's clinical and/or commercial prospects; (iii) as a result, Acelyrin also overstated the Company's business prospects post-IPO; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
For more information on the Acelyrin class action go to: https://bespc.com/cases/SLRN
Illumina, Inc. (NASDAQ:ILMN)
Class Period: September 21, 2020 - November 9, 2023
Lead Plaintiff Deadline: January 9, 2024
On August 10, 2023, after the market closed, Illumina revealed that the SEC was investigating the Company's statements regarding its recent acquisition of GRAIL, Inc. ("GRAIL"), including "conduct and compensation of certain members of Illumina and GRAIL management."
On this news, the Company's stock price fell $4.64, or 2.5%, to close at $180.48 per share on August 11, 2023.
Then, on October 17, 2023, Carl Icahn ("Icahn") filed a complaint against current and former ...