Important Information for MacroGenics, Inc. Investors
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Key Updates for MacroGenics, Inc. Investors
Attention, shareholders of MacroGenics, Inc. (NASDAQ: MGNX). If you have felt financial losses related to your investments in this company, there are important updates and opportunities to consider.
Understanding the Class Action
Investors who purchased shares of MGNX during the specified class period are encouraged to connect with a law firm that specializes in class actions. While you don’t have to be appointed as the lead plaintiff to recover losses, participating in this legal process could be beneficial.
Details of the Class Period
The class period for this action spans from March 7, 2024, to May 9, 2024. During this time, significant concerns emerged about the safety data from the TAMARACK Phase 2 study involving the drug vobramitamab duocarmazine. On May 9, 2024, alarming information was disclosed regarding the drug’s safety, leading to a steep decline in MGNX's stock price, with a drop of 77.4% or $11.36 per share.
Important Deadlines
Shareholders need to act fast, as the deadline for registering in this class action is September 24, 2024. It’s essential to register to secure your position as a shareholder during this timeframe.
Your Next Steps as a Shareholder
After registering, participants will gain access to portfolio monitoring software that provides ongoing updates related to the case. It's an efficient way to stay informed about developments as the action unfolds.
Why Choose The Gross Law Firm?
The Gross Law Firm is dedicated to safeguarding the interests of investors. The firm works tirelessly to hold companies accountable for any fraudulent activity or misleading communications that can negatively impact stock value. They aim to recover losses suffered by shareholders due to devastating misinformation.
Contact Information for Investors
For those seeking further clarification or wishing to initiate a claim, you can reach out to The Gross Law Firm:
Address:
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?
The class action aims to help shareholders recover losses incurred due to misleading information about MacroGenics, Inc.
How do I know if I'm eligible to join the class action?
If you purchased MacroGenics shares between March 7, 2024, and May 9, 2024, you may be eligible to participate.
What happens after I register?
After registration, you will receive updates and be monitored throughout the litigation process until it concludes.
Is there any cost to join the class action?
No, there is no cost or obligation to participate in this case.
Who will represent the shareholders?
The Gross Law Firm will handle the class action, leveraging their experience and commitment to investor protection.
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