Lipocine Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Lipocine Inc |
Stock Symbol : | NASDAQ: LPCN |
Class Period Start: | 06/30/2015 |
Class Period End: | 06/28/2016 |
Lead Plaintiff motion: | 08/30/2016 |
Date Filed: | 07/01/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the District of New Jersey |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the August 30, 2016 lead plaintiff deadline in a class action lawsuit filed against Lipocine Inc (NASDAQ: LPCN) (“Lipocine” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Lipocine Inc securities between June 30, 2015 and June 28, 2016, have until August 30, 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 Lipocine 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 Lipocine’s filing of its New Drug Application to the U.S. Food and Drug Administration for LPCN 1021, Lipocine’s lead product candidate, contained deficiencies; and as a result, the Company's statements about its business and operations were false and misleading and/or lacked a reasonable basis. On June 29, 2016, the company issued a press release disclosing its receipt of a Complete Response Letter ("CRL") for LPCN 1021 from the FDA, stating that the CRL identified deficiencies related to the dosing algorithm for the label. Following this news, NASDAQ: LPCN dropped over 50% on June 29, 2016. If you were negatively impacted by your investment in Lipocine Inc securities between June 30, 2015 and June 28, 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |