Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until July 11, 2016 to file lead plaintiff applications in a
securities class action lawsuit against NewLink Genetics Corporation
(NasdaqGM: NLNK), if they purchased the Company’s securities between
September 17, 2013 and May 9, 2016, inclusive (the “Class Period”). This
action is pending in the United States District Court for the Southern
District of New York.
What You May Do
If you purchased shares of NewLink and would like to discuss your legal
rights and how this case might affect you and your right to recover for
your economic loss, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by July 11, 2016.
About the Lawsuit
NewLink and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On May 9, 2016, NewLink announced that its product candidate
algenpantucel-L, a pancreatic cancer treatment, failed to achieve the
primary endpoint in its Phase 3 study, conducted in patients with
resected pancreatic cancer. NewLink further disclosed that patients
treated with algenpantucel-L lived for a median of 27.3 months compared
to median survival of 30.4 months for patients treated with standard
therapy, suggesting that patients were actually harmed by NewLink's
algenpantucel-L.
On this news, the price of NewLink’s stock plummeted by over 30%.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160527005004/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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