Robbins Arroyo LLP: Corbus Pharmaceutical Holdings, Inc. (CRBP) Sued for Misleading Shareholders
SAN DIEGO & NORWOOD, Mass.--(BUSINESS WIRE)--Apr 5, 2019--Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Corbus Pharmaceutical Holdings, Inc. (NASDAQ: CRBP) filed a class action complaint against the company for alleged violations of the Securities and Exchange Act of 1934 between November 14, 2016 and February 28, 2019. Corbus purports to be a pharmaceutical company focused on the development and commercialization of novel therapies to treat inflammatory and fibrotic diseases.
View this information on the law firm’s Shareholder Rights Blog:
Corbus Accused of Faking Clinical Results for Lenabasum
According to the complaint, since 2016, Corbus falsely assured investors with reports of positive clinical data in its studies for Lenabasum. Then, on February 28, 2019, a SeekingAlpha article was published denouncing the company’s results by stating that Lenabasum’s “Phase 2 trial in SSc was a massive failure.” When the truth about Lenabasum was revealed, Corbus’ stock fell almost 16% on February 28, 2019. The stock still trades below its class period high.
Corbus Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leo 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.
Attorney Advertising. Past results do not guarantee a similar outcome.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190405005347/en/
CONTACT: Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
(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: 04/05/2019 12:18 PM/DISC: 04/05/2019 12:18 PM