SBTX ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of January 4, 2022 in the Class Action Filed on Behalf of Silverback Therapeutics, Inc. Limited Shareholders - Yahoo Finance
New York, New York--(Newsfile Corp. - November 9, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Silverback Therapeutics, Inc. (NASDAQ: SBTX) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Silverback common stock pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company's initial public offering conducted on or about December 3, 2020 and/or (b) Silverback securities between December 3, 2020 and September 10, 2021, both dates inclusive.
Lead Plaintiff Deadline: January 4, 2022
No obligation or cost to you.
Learn more about your recoverable losses in SBTX:
https://www.kleinstocklaw.com/pslra-1/silverback-therapeutics-inc-loss-submission-form?id=20997&from=5
Silverback Therapeutics, Inc. NEWS - SBTX NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Silverback Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Silverback's lead product candidate SBT6050, which is in a Phase I/Ib clinical trial, a TLR8 agonist linker-payload conjugated to a HER2-directed monoclonal antibody that targets tumors, such as breast, gastric, and non-small cell lung cancers, was less effective than the Company had represented to investors; (ii) accordingly, the Company had overstated SBT6050's commercial and/or clinical prospects; and (iii) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Silverback Therapeutics you have until January 4, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
source: https://finance.yahoo.com/news/sbtx-alert-klein-law-firm-204400634.html
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