Thieler Law Corp advises investors with losses exceeding $100,000 of the May 23, 2016 lead plaintiff deadline in a class action lawsuit filed against NantKwest Inc (NASDAQ: NK) (“NantKwest” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased NantKwest Inc securities between September 10, 2015 and March 10, 2016, have until May 23, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased NantKwest Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that NantKwest’s financial statements contained errors related to stock based awards to its CEO and Executive Chairman, Patrick Soon-Shiong; NantKwest’s financial statements contained errors related to build-to-suit lease accounting related to one of the Company’s research and development and good manufacturing practices facilities; the Company’s internal controls were ineffective; and as a result, NantKwest’s public statements were materially false and misleading at all relevant times.

On March 11, 2016, NantKwest revealed that its financial statements for the quarters ended June 30, 2015 and September 30, 2015 should no longer be relied upon and that the Company intends to restate them. The errors in the financial statements were mainly due to certain stock-based awards to NantKwest’s Chief Executive Officer and Executive Chairman and build-to-suit lease accounting related to one of its research and development and Good Manufacturing Practices facilities.

On this news, NASDAQ: NK shares declined as much as $0.86, or 10.18%, to $7.59 during intraday trading on March 11, 2016.

If you were negatively impacted by your investment in NantKwest Inc securities between September 10, 2015 and March 10, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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