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Caribou Biosciences, Inc. Class Action: The Gross Law Firm Reminds Caribou Biosciences, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 24, 2025 - CRBU

1. Allegations claim CRBU overstated CB-010 safety and efficacy. Misleading statements may have inflated stock price. 2. Lawsuit asserts CRBU risked insufficient cash and liquidity for research. These claims affect overall operations. 3. Shareholders from July 2023 to July 2024 are urged to join the class action. Lead plaintiff registration is open until February 24, 2025. 4. The Gross Law Firm seeks recovery due to alleged fraudulent practices. Legal action may intensify investor scrutiny.

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FAQ

Why Bearish?

The lawsuit introduces significant legal and reputational risks impacting investor sentiment. Historical cases in biotech show that similar allegations often lead to short-term price declines.

How important is it?

The allegations, if validated, could materially impact CRBU’s financials and reputation, raising legal and operational concerns. Investor confidence may weaken until legal resolution.

Why Short Term?

Legal actions typically trigger immediate volatility as investors react to pending litigation outcomes. Comparable biotech class actions have caused near-term price drops prior to settlements.

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CRSPNTLAEDIT
NEW YORK, Feb. 20, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Caribou Biosciences, Inc. (NASDAQ: CRBU). Shareholders who purchased shares of CRBU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/caribou-biosciences-inc-loss-submission-form/?id=130517&from=4 CLASS PERIOD: July 14, 2023 to July 16, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) they had overstated CB-010's safety, efficacy, and durability relative to approved autologous CAR-T cell therapies in treating patients with r/r B-NHL and/or LBCL, as well as CB-010's overall clinical results and commercial prospects; (ii) Caribou was at significant risk of having insufficient cash, liquidity, and/or other capital to fund its current business operations, including preclinical research activities associated with the allogeneic CAR-NK platform; (iii) all the foregoing was likely to have a significant negative impact on Caribou's business and operations; and (iv) as a result, defendants' public statements were materially false and misleading at all relevant times. DEADLINE: February 24, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/caribou-biosciences-inc-loss-submission-form/?id=130517&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CRBU during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 24, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm

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