NASDAQ: SAVA Notice: Update in Lawsuit for Investors in Cassava Sciences, Inc. (NASDAQ: SAVA) announced by the Shareholders Foundation
SAN DIEGO, Jan. 25, 2022 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announced that a lawsuit is pending for certain investors in shares of Cassava Sciences, Inc. (NASDAQ: SAVA).
Investors who purchased shares of Cassava Sciences, Inc. (NASDAQ: SAVA) prior to February 2021 and continue to hold any of their Cassava Sciences, Inc. (NASDAQ: SAVA), have also certain options and contact the Shareholders Foundation at [email protected] or call +1 (858) 779-1554.
On August 27, 2021, a lawsuit was filed against Cassava Sciences, Inc. over alleged Securities Laws Violations. The plaintiff alleged that the defendants made false and misleading statements and failed to disclose that the quality and integrity of the scientific data supporting Cassava Sciences’ claims for simufilam’s efficacy had been overstated, that the scientific data supporting Cassava Sciences’ claims for simufilam’s efficacy were biased; and that as a result, defendants’ positive statements during the Class Period about Cassava Sciences’ business metrics and financial prospects and the likelihood of U.S. Food Drug Administration (“FDA”) approval were false and misleading and/or lacked a reasonable basis.
In late October 2021, several investors filed motions to be appointed as lead plaintiff by the court. The court has not ruled on those motions yet.
Those who purchased Cassava Sciences, Inc. (NASDAQ: SAVA) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Disclaimer: This content is distributed by The GlobeNewswire
