NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of Valneva SE (“Valneva” or the “Company”) (NASDAQ: VALN; Euronext Paris: VLA). If you are a shareholder of Valneva with more than $50,000 in losses, you should contact the Firm.
Valneva is a specialty vaccine company focused on the development and commercialization of prophylactic vaccines for infectious diseases with significant unmet medical need. The investigation concerns whether Valneva and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On September 13, 2021, Valneva issued a press release "announc[ing] that it has received a termination notice from the UK Government ('HMG') in relation to the Supply Agreement for its COVID-19 vaccine candidate, VLA2001." The press release advised investors that "[t]he contract provides HMG with the right to terminate" and stated that "HMG has alleged that the Company is in breach of its obligations under the Supply Agreement, but the Company strenuously denies this."
On this news, Valneva's American Depositary Receipt ("ADR") price fell $18.65 per share, or 39.85%, to close at $28.15 per share on September 13, 2021.
If you are a shareholder of Valneva, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at investigations@lowey.com.
Whistleblowers: Persons with non-public information regarding Valneva should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
Contact
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: investigations@lowey.com
