Agenus Inc. Faces Securities Class Action Lawsuit from Shareholders
Agenus Inc. Faces Securities Class Action Lawsuit from Shareholders
The Gross Law Firm has recently alerted shareholders of Agenus Inc. concerning a significant class action lawsuit. This notice comes as an essential reminder for shareholders who purchased shares of Agenus Inc. (NASDAQ: AGEN) during the designated class period, which has raised concerns over potential misleading statements made by the company.
Understanding the Class Period and Allegations
Shareholders who have bought AGEN shares during the specified timeframe are urged to reach out to the firm to explore the possibility of being named as lead plaintiffs. It's important to note that participation as a lead plaintiff is optional, and all shareholders have the right to join the recovery process without such designation.
Defining the Class Period
The class period outlined extends from January 23, 2023, to July 17, 2024. During this time, investors are encouraged to remain proactive regarding their rights and potential claims against the company.
Nature of Allegations Against Agenus Inc.
The allegations against Agenus suggest that during the claims period, the company made several materially false or misleading statements regarding its product efficacy. It is suggested that the effectiveness of their combination therapy involving the immuno-oncology products, botensilimab and balstilimab, was overstated. Investors believed they were witnessing strong clinical results, which are now called into question.
Important Deadlines for Shareholders
One critical deadline for shareholders to be aware of is November 5, 2024. By this date, they must register to lend their voice to this class action suit. Doing so is essential to ensure that their rights as shareholders are upheld and that they remain informed throughout the progression of the case.
Next Steps for Potential Class Members
Once a shareholder registers, they will gain access to a monitoring platform that provides updates on the case's status. The commitment of The Gross Law Firm to its clients is evident in its provision of ongoing support throughout the entire legal process.
Why Choose The Gross Law Firm?
The Gross Law Firm is known nationally for its focus on class action lawsuits. Their mission revolves around protecting the rights of investors who have faced challenges due to deceptive practices, fraud, and illegal business actions. With a comprehensive understanding of corporate governance, the firm champions accountability and strives to ensure that companies uphold their responsibilities to their investors.
Contact Information for Inquiries
Investors seeking more information about the class action lawsuit or the registration process can contact The Gross Law Firm directly. Reach out to them at:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Phone: (646) 453-8903
Frequently Asked Questions
What is the class action lawsuit about?
The class action lawsuit involves allegations against Agenus Inc. for making misleading statements regarding their combination therapy products and their effectiveness.
How can I register for the class action?
Shareholders are encouraged to contact The Gross Law Firm to register for participation in the class action lawsuit.
What is the deadline for registering?
The deadline for registering as a claimant in the class action lawsuit is November 5, 2024.
Is it necessary to be a lead plaintiff to join?
No, it is not necessary to be appointed as a lead plaintiff to participate in the recovery process.
Can I receive updates on the case?
Yes, once registered, shareholders will be enrolled in a monitoring system that provides regular updates about the case.
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