1. Berger Montague investigates fraud claims against Spectrum Pharmaceuticals. 2. Lawsuit alleges misleading statements about the Pinnacle Study. 3. Spectrum shares were delisted post-merger with Assertio Holdings (ASRT). 4. Investor deadline for class action is September 24, 2025. 5. Class action affects investors from March to September 2022.
The ongoing investigation and lawsuit could lead to volatility in ASRT. Previous mergers have shown fluctuating impacts on associated stocks.
The merger and subsequent investigation could reflect on ASRT's reputation and investor confidence. Historical responses to similar lawsuits have caused stock volatility.
The immediate effects are likely around the class action deadline as investors react. The market typically responds quickly to litigations in biotech sectors.
PHILADELPHIA, Aug. 13, 2025 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC is investigating securities fraud claims against Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) ("Spectrum" or the "Company") on behalf of investors who purchased or otherwise acquired common shares of Spectrum between March 17, 2022 through September 22, 2022 (the "Class Period").
Investor Deadline: Investors who purchased or acquired Spectrum securities during the Class Period may, no later than September 24, 2025, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.
Spectrum is a biopharmaceutical company focused on oncology treatments.
The class action lawsuit alleges that Spectrum made false or misleading statements to investors regarding its Pinnacle Study, a clinical trial involving poziotinib, a drug intended to treat certain lung cancer patients.
Spectrum shares were delisted following the Company's merger with Assertio Holdings, Inc. (NASDAQ:ASRT).
If you are a Spectrum investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.
About Berger Montague
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, Chicago, Malvern, PA, and Toronto has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
For more information or to discuss your rights, please contact:
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com
Caitlin Adorni
Berger Montague
(267) 764-4865
cadorni@bergermontague.com
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SOURCE Berger Montague