Geron Corporation Shareholders Urged to Act on Class Action Case
Geron Corporation Shareholders Encouraged to Participate
The Gross Law Firm has issued an important notice for shareholders of Geron Corporation (NASDAQ: GERN). This announcement reveals essential details regarding a class action lawsuit, providing vital information for affected investors. If you purchased shares of GERN within the specified class period, it is crucial to engage with the firm to discuss potential participation in the lawsuit.
Understanding the Class Action Timeline
Shareholders should be aware that the class period in question spans from February 28, 2024, to February 25, 2025. It is essential for investors who fall within this time frame to act promptly. Registration is encouraged as it aids in establishing eligibility for recovery. Remember, becoming a lead plaintiff is optional, and participation in the recovery process does not require this designation.
Allegations Against Geron Corporation
According to the allegations in the lawsuit, Geron’s leadership provided misleading information regarding the launch and growth potential of Rytelo (imetelstat). The lawsuit emphasizes that these allegations stem from statements made by defendants about the drug's market demands and their company's readiness to meet these needs. Unfortunately, concerns about competition, seasonality, and the drug's monitoring requirements were allegedly downplayed, contributing to investor misinformation.
Shareholders Advised on Action Steps
The deadline to register for participation in this class action is May 12, 2025. It is imperative for shareholders to secure their registration well before this date to ensure they are eligible to respond appropriately. After registration, participants will gain access to a monitoring system that provides updates throughout the progression of the case. This initiative ensures that shareholders remain informed of any developments in the proceedings.
Impact of Recent Announcements
On February 26, 2025, the company disclosed disappointing financial results, indicating that Rytelo's growth had stagnated. The announcement triggered a significant decline in Geron's stock price, which dropped from $2.37 to $1.61 per share in just one day—a concerning reduction of about 32.07%. This sharp decline has raised additional questions among investors and could further impact the class action's proceedings.
Why Choose The Gross Law Firm?
The Gross Law Firm is committed to advocating for investors plagued by breaches of trust and poor corporate governance. This law firm prides itself on ensuring that companies are held accountable for misleading statements that can artificially inflate stock values, leaving investors vulnerable to losses. Anyone affected by such actions is encouraged to reach out to them for support.
Contact Information for The Gross Law Firm
For those interested in learning more about their rights and potential involvement in the class action against Geron Corporation, they can contact The Gross Law Firm, located 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 purpose of the class action lawsuit against Geron Corporation?
The class action lawsuit aims to address allegations of misleading information given to shareholders regarding the performance of their product, Rytelo.
Who can participate in the class action?
Shareholders who purchased GERN shares during the class period from February 28, 2024, to February 25, 2025, are eligible to partake in the class action.
When is the deadline to register for this class action?
The deadline for registration is May 12, 2025. It's crucial for affected shareholders to register before this date.
What happens if I register as a shareholder?
Upon registration, shareholders will receive updates through monitoring software about the lawsuit's progress and any developments relevant to their claims.
How does The Gross Law Firm support investors?
The Gross Law Firm helps protect investors from corporate misconduct by advocating for their rights and seeking recovery for any losses incurred due to misleading statements.
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