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GERN Securities Lawsuit Filed Against Geron Corporation- Contact the DJS Law Group to Discuss Your Rights

1. A class action lawsuit has been filed against Geron Corporation. 2. Investors allege misleading statements about revenue outlook for Rytelo. 3. The lawsuit concerns shares purchased from June 7, 2024, to February 25, 2025. 4. Geron's optimistic growth claims about Rytelo were deemed overly optimistic. 5. The company failed to disclose crucial information about patient awareness.

Lawsuit
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$1.5603/31 11:03 AM EDTLatest Updated
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FAQ

Why Very Bearish?

The class action lawsuit indicates potential serious financial and reputational damage, similar to past cases where companies faced steep stock declines due to legal issues and misleading disclosures. For instance, companies like Valeant Pharmaceuticals saw significant drops when faced with similar allegations.

How important is it?

The lawsuit's implications on Geron's credibility and financial forecasts can significantly influence stock performance, raising concerns among current and potential investors.

Why Short Term?

Legal actions can cause immediate negative sentiment among investors, often leading to quick sell-offs and price drops, evidenced by previous lawsuits in the biotech sector.

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VRTXBMYCELG
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Geron Corporation ("Geron" or "the Company") (NASDAQ: GERN) for violations of the federal securities laws. Shareholders who purchased the Company's securities between June 7, 2024 and February 25, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before May 12, 2025.      CASE DETAILS:  According to the Complaint the company allegedly made misleading statements that gave investors the false impression that it had reliable information about its projected revenue outlook and anticipated growth. The Company's optimistic reports of Rytelo's launch and potential growth were far too optimistic. The Company failed to inform investors that Rytelo lacked necessary patient awareness for the Company to capitalize on what it had claimed was a significant unmet need for the drug. If you are a shareholder who suffered a loss, contact us to participate. WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1Eastchester, NY 10709Phone: 914-206-9742Email: [email protected] SOURCE DJS Law Group LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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