NEW YORK, March 01, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of WuXi PharmaTech (Cayman) Inc. (NYSE: WX) securities between September 1, 2015 and December 10, 2015, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for WuXi investors under the federal securities laws.
To join the WuXi class action, go to http://pawarlawgroup.com/cases/wuxi-pharmatech-cayman-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) WuXi’s public statements misrepresented and/or omitted material information that was necessary for WuXi shareholders to make an informed decision concerning whether to vote in favor of the merger between WuXi with New WuXi Life Science Limited and WuXi Merger Limited for approximately $3.62 billion; (2) defendants had plans to spin-off and publicly list WuXi’s various subsidiaries, in a series of highly accretive transactions; and (3) as a result, WuXi’s statements about its business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 23, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/wuxi-pharmatech-cayman-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at info@pawarlawgroup.com.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world.
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Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
info@pawarlawgroup.com