CORRECTING and REPLACING AMARIN CLASS ACTION NOTICE: The Schall Law Firm Files Securities Fraud Lawsuit Against Amarin Corporation, plc - Yahoo Finance
LOS ANGELES, October 25, 2021--(BUSINESS WIRE)--Second paragraph, first sentence of release dated Oct. 24, 2021, should read: you have until December 23, 2021 (instead of you have until December 21, 2021).
The updated release reads:
AMARIN CLASS ACTION NOTICE: THE SCHALL LAW FIRM FILES SECURITIES FRAUD LAWSUIT AGAINST AMARIN CORPORATION, PLC
The Schall Law Firm and Roche Freedman LLP announced today that they have filed a class action lawsuit in the United States District Court for the District of New Jersey, captioned Dang v. Amarin Corporation PLC, et. al., (Case No. 21-cv-19212), on behalf of plaintiff Vincent Dang and a class consisting of investors who purchased or otherwise acquired Amarin Corporation, plc ("Amarin" or "the Company") (NASDAQ: AMRN) securities between December 5, 2018, and June 21, 2021, inclusive (the ''Class Period''). Plaintiff seeks to recover compensable damages caused by Defendants' violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder.
If you are a shareholder who purchased Amarin securities during the Class Period, you have until December 23, 2021, to move the Court to serve as Lead Plaintiff. If you suffered a loss on your Amarin investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, click here to participate.
You can also contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, 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 [email protected].
Amarin is a biopharmaceutical company whose lead product since 2008 is Vascepa®, a prescription grade ultra-pure omega-3 fatty acid derived from fish oil. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose material adverse facts about Amarin’s business and patent portfolio. Specifically, Defendants made false and misleading statements and/or failed to disclose that: (i) there was an increasingly high risk that certain of Amarin’s patents would be invalidated; (ii) once certain of Amarin’s patents were invalidated by the United States District Court for the District of Nevada, there was little to no chance of reversing that ruling; (iii) the Company’s litigation was preventing it from effectuating a successful takeover; (iv) Defendants were downplaying the true threat the ongoing Abbreviated New Drug Application ("ANDA") litigation posed to the Company’s business and future prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
source: https://finance.yahoo.com/news/amarin-class-action-notice-schall-130000459.html
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