1. Class action filed against CRBU for misleading statements from July 2023 to 2024. 2. Allegations include overstated safety and commercial prospects of CB-010. 3. Concerns raised over CRBU's liquidity and capital for ongoing operations. 4. Investors encouraged to register for potential lead plaintiff roles.
Misleading statements and liquidity concerns can significantly undermine investor confidence, similar to past class actions affecting stock value.
Class action lawsuits can lead to significant financial and reputational damage, heavily impacting stock performance.
Immediate negative sentiment is likely due to ongoing legal issues and uncertainties impacting stock price quickly.
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.
CLASS PERIOD: July 14, 2023 to July 16, 2024
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=123056&from=4
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.
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.
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Email: info@grosslawfirm.com
Phone: (646) 453-8903
SOURCE The Gross Law Firm