Company Website:
http://www.powerstaylor.com
DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor, LLP announce that a federal class action lawsuit has been
filed against Keryx Biopharmaceuticals, Inc. (“Keryx” or “Company”)
(NasdaqCM: KERX). The firms are investigating additional legal claims
against the officers and Board of Directors of Keryx during the period
of June 1, 2009 to April 1, 2012 (the “Class Period”).
If you are an affected investor and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
In a recently filed federal class action complaint, Keryx and certain of
its officers were alleged to have violated certain provisions of the
Securities Exchange Act of 1934. Specifically, the complaint alleges
that during the Class Period, the defendants misled investors about the
timing and success of Keryx’s clinical trial regarding the effectiveness
of perifosine for treating colorectal cancer, and the likelihood that it
would be approved by the FDA. According to the complaint, after the
truth about perifosine’s inability to treat this cancer was disclosed,
the stock price dropped precipitously harming Keryx investors.
“The revelations about alleged improper business practices and
procedures regarding key aspects of Keryx’s business and other
misleading statements have prompted the firms to investigate possible
breaches of fiduciary duties and other violations of state law by
Keryx’s officers and directors. Based on our investigation, we are
prepared to pursue litigation to preserve the company and the value of
Keryx stock for all shareholders,” said shareholder rights attorney
Patrick Powers.
The
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Powers
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Contacts:
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com
or
Powers
Taylor, LLP
Zachary Groover, 877-728-9607
zach@powerstaylor.com
Source: Powers Taylor, LLP