1. Shareholder class action highlights misleading statements on CB-010's efficacy. 2. Allegations include overstated safety and liquidity risks affecting Caribou's future. 3. Shareholders have until Feb 24, 2025, to register for legal action. 4. Claims suggest substantial negative impacts on Caribou's operations and business.
The class action suits indicate possible significant operational and financial challenges for CRBU, similar to past biotech litigations that adversely affected stock prices.
The article discusses ongoing legal issues that can severely impact investor confidence and stock value.
The impending legal actions could lead to immediate stock volatility, reflecting past examples where litigation caused sharp price drops.
/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.
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.
February 24, 2025. Shareholders should not delay in registering for this class action. Register your information here.
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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The Gross Law Firm