Important Legal Notice for MacroGenics Investors: Class Action

Author: Lucas Young Updated: 09-18-2024 01:46 PM

Important Legal Notice for MacroGenics Investors

The Gross Law Firm is reaching out to shareholders of MacroGenics, Inc. (NASDAQ: MGNX), announcing crucial information regarding a class action lawsuit that may affect your investment decisions.

Class Period Details

If you purchased shares of MacroGenics within the defined period from March 7, 2024, to May 9, 2024, you are encouraged to connect with the firm. Being a lead plaintiff isn't required for you to participate in a potential recovery.

Why This Lawsuit Matters

This class action stems from allegations that MacroGenics misrepresented safety data concerning its drug vobramitamab duocarmazine. The company faced scrutiny when it was revealed that the drug posed significantly higher risks than previously stated. Following this revelation on May 9, 2024, the stock plummeted by 77.4%, a drop of $11.36 per share, severely impacting shareholders.

Registration Deadline Approaching

The deadline to register as a claimant in this class action is September 24, 2024. If you are a shareholder within the specified class period, it is vital that you don't delay your registration.

Shareholder Participation Benefits

When you register, you will be enrolled in a portfolio monitoring software system to keep you updated on the case's progress. It’s important to understand that participating in this lawsuit has no associated costs to you.

About The Gross Law Firm

As a nationally recognized class action law firm, The Gross Law Firm is devoted to safeguarding the rights of investors who have faced losses due to misleading practices and false representations. Their commitment is to ensure that corporations uphold responsible practices and adhere to ethical standards. They focus on recovering losses for investors impacted by misleading or omitted crucial information, artificially inflating a company’s stock prices. Remember, prior results do not guarantee similar outcomes.

Contact Information

If you wish to inquire further about the class action or need assistance:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Email: dg@securitiesclasslaw.com

Phone: (646) 453-8903

Frequently Asked Questions

What is the class action lawsuit about?

The class action lawsuit involves allegations that MacroGenics misrepresented the safety data for its treatment, leading to significant losses for investors.

Who can participate in the class action?

Shareholders who purchased MGNX shares from March 7, 2024, to May 9, 2024, are eligible to join the class action lawsuit.

What is the deadline for registration?

The deadline to register for this class action is September 24, 2024. Make sure to register before this date.

What are the risks associated with this lawsuit?

Participating in this class action has no financial cost or obligation. However, it is crucial for shareholders to act swiftly due to the approaching deadline.

How does the Gross Law Firm assist investors?

The Gross Law Firm provides legal representation and monitoring for investors who have experienced financial loss due to misleading corporate practices.

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Important Legal Notice for MacroGenics Investors: Class Action