SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Prothena Corp. plc & Enc...
June 06 2018 - 11:54AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against
Prothena Corporation plc (''Prothena” or "the Company") (NASDAQ:
PRTA) for violations of §§10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between October 15,
2015, and April 20, 2018, inclusive (the "Class Period"), are
encouraged to contact the firm before July 16, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, 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 brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, Prothena made false and misleading
statements to the marketplace. The Company withheld clinical trial
data demonstrating that its antibody, NEOD001, was not a clinically
effective treatment for AL amyloidosis. The Company also made
misleading comparisons of NEOD001’s “best response” rate against
prior studies. Prothena made misleading statements about the
ongoing Phase 1/2 study of NEOD001, stating that the study would
create a strong foundation for late-stage Phase 2b and Phase 3
studies of the antibody, while the full Phase 1/2 data showed the
antibody was not an effective treatment. According to the lawsuit,
when accurate information about the Company became apparent in the
market, investors suffered damages.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180606006106/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,www.schallfirm.com310-301-3335info@schallfirm.com
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