Robbins Arroyo LLP Reminds Investors of December 10, 2018 Lead Plaintiff Deadline in Class Action Against Trevena, Inc. (TRVN)
SAN DIEGO & CHESTERBROOK, Pa.--(BUSINESS WIRE)--Nov 13, 2018--Shareholder rights law firm Robbins Arroyo LLP reminds investors that purchasers of Trevena, Inc. (NasdaqGS: TRVN) have filed a class action complaint against the company’s officers and directors for alleged violations of the Securities Exchange Act of 1934 between May 2, 2016 and October 9, 2018.
If you purchased Trevena and wish to serve as lead plaintiff in this securities class action, you must move the Court no later than December 10, 2018.
According to the complaint, Trevena led investors to believe that a critical meeting in April 2016 with the U.S. Food and Drug Administration (“FDA”) was more successful than it actually was. The FDA revealed in October 2018 that it did not agree with the proposed dosing in Trevena’s Phase 3 studies and subsequently denied Trevena’s New Drug Application for oliceridine. Trevena’s stock plummeted on this news and now trades under $1.00.
View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/trevena-inc-nov-2018/
Trevena Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181113006178/en/
CONTACT: Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Robbins Arroyo LLP
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PUB: 11/13/2018 04:10 PM/DISC: 11/13/2018 04:10 PM