ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Corbus Pharmaceuticals Holdings, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES, March 05, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Corbus Pharmaceuticals Holdings, Inc. (“Corbus” or “the Company”) (NASDAQ: CRBP ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Corbus is the subject of a Seeking Alpha article published on February 28, 2019, entitled, “Corbus Has Ties to Suspect Investors And A History Of Failed Clinical Trials for Lenabasum.” According to the article, the Company “has ties to investors convicted of or alleged to have committed securities fraud.” The article also alleges that Corbus’ drug candidate, Lenabasum, has “failed its major trials in [systemic sclerosis] and [cystic fibrosis].” Based on this news, shares of Corbus fell almost 16% on the same day.
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