Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Cassava Sciences, Inc. ("Cassava" or "the Company") (NASDAQ:SAVA) investors that a lawsuit was filed on behalf of investors that purchased Cassava securities between August 18, 2022 and October 12, 2023, inclusive (the “Class Period”).
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint asserts that throughout the class period, the defendants provided materially inaccurate and deceptive statements about the company's business practices, operational procedures, and adherence to regulatory guidelines. In detail, it is claimed that the defendants disseminated false or misleading information or neglected to reveal that:
- the company did not uphold sufficient and robust data management controls and protocols pertaining to its pharmaceutical research endeavors;
- consequently, the data disseminated to support simufilam was vulnerable to alterations that exaggerated the drug’s efficacy;
- as such, Cassava misrepresented the success of its research initiatives and the potential efficacy and market viability of simufilam;
- all these issues, upon being disclosed, were poised to inflict considerable financial and/or reputational damage on the company; and
- therefore, the company’s statements to the public were substantially false and misleading at all times of relevance.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
Attorney Advertising
