CHEMOCENTRYX 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuits Against ChemoCentryx, Inc. – CCXI
CHEMOCENTRYX 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuits Against ChemoCentryx, Inc. – CCXI
PR Newswire
NEW ORLEANS
,
July 5, 2021
/PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of
Louisiana
,
Charles C. Foti, Jr.
, remind investors that they have only until
July 6, 2021
to file lead plaintiff applications in securities class action lawsuits against ChemoCentryx, Inc. (NasdaqGS: CCXI), if they purchased the Company’s shares between
November 26, 2019
and
May 6, 2021
, inclusive (the “Class Period”). These actions are pending in
the United States
District Court for the Northern District of
California
.
What You May Do
If you purchased shares of ChemoCentryx and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (
[email protected]
), or visit
https://www.ksfcounsel.com/cases/nasdaqgs-ccxi/
to learn more. If you wish to serve as a lead plaintiff in the class actions, you must petition the Courts by
July 6, 2021
.
About the Lawsuits
ChemoCentryx and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On
May 4, 2021
, the U.S. Food and Drug Administration issued briefing documents regarding the Company’s drug candidate, avacopan, noting that “[c]omplexities of the study design…raise questions about the interpretability of the data to define a clinically meaningful benefit of avacopan” and that the review had “identified several areas of concern, raising uncertainty about the interpretability of the data and the clinical meaningfulness of these results.” On this news, shares of ChemoCentryx plummeted approximately 45%, to close at
$26.63
per share on
May 4, 2021
.
The first-filed case is
Homyk v. ChemoCentryx, Inc., et al
., No. 3:21-cv-03343.
About Kahn Swick & Foti, LLC
KSF, whose partners include former
Louisiana
Attorney General
Charles C. Foti, Jr.
, is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in
New York
,
California
and
Louisiana
.
To learn more about KSF, you may visit
www.ksfcounsel.com
.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn
, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA
70163
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SOURCE Kahn Swick & Foti, LLC