Company Website:
http://rosenlegal.com/cases-786.html
NEW YORK -- (Business Wire)
Rosen Law Firm, a global investor rights law firm, announces that it has
filed a class action lawsuit on behalf of purchasers of Osiris
Therapeutics, Inc. (NASDAQ:OSIR) securities from May 12, 2014 through
November 20, 2015, all dates inclusive (the “Class Period”). The lawsuit
seeks to recover damages for Osiris investors under the federal
securities laws.
To join the Osiris class action, go to the firm’s website at http://rosenlegal.com/cases-786.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for more information on the class action. The case is pending in the
U.S. District Court for the Southern District of New York.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants issued
false and misleading statements to investors and/or failed to disclose
that: (1) Osiris improperly recognized revenue under contracts it had
with its distributors; (2) Osiris’ disclosure controls and procedures
were not effective as of December 31, 2014, March 31, 2015, and June 30,
2015; and (3) as a result, defendants’ statements about Osiris’ business
and prospects were materially false and misleading and/or lacked a
reasonable basis at all relevant times. When the true details entered
the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than January 22, 2016.
A lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. If you wish to join the
litigation, go to the firm’s website at http://rosenlegal.com/cases-786.html
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151124006358/en/
Contacts:
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin
Chan, Esq.
275 Madison Avenue, 34th Floor
New York,
NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax:
(212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Source: The Rosen Law Firm, P.A.
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