Investigation of Soleno Therapeutics Over Securities Concerns
Pomerantz Law Firm's Investigation into Soleno Therapeutics
Pomerantz LLP has launched an investigation on behalf of investors of Soleno Therapeutics, Inc. (NASDAQ: SLNO). The firm aims to uncover potential legal issues that may affect shareholders.
Details of the Investigation
The investigation is focused on whether Soleno and certain officers or directors have engaged in securities fraud or other unlawful practices that may have harmed investors.
Concerns Following a Recent Report
On a significant date, a report was released by Scorpion Capital that raised alarms about Soleno's main product, Vykat XR. The report labeled the product as overpriced and potentially unsafe for children, sparking concerns among investors and regulators.
Impact on Stock Performance
The release of the Scorpion report had a marked effect on Soleno's stock. Following this revelation, the company experienced a notable decrease in share price, dropping by 7.41%, which translated to a loss of $5.73 per share, closing at $71.63.
About Pomerantz LLP
Pomerantz LLP is recognized as a leading firm specializing in corporate, securities, and antitrust class litigation. Established by the late Abraham L. Pomerantz, the firm has built a strong reputation over more than eight decades, continuously advocating for the rights of victims against securities fraud and corporate misconduct. With offices in major cities around the world, Pomerantz has achieved several multimillion-dollar recoveries for class members, reinforcing its commitment to corporate justice.
Contact Information for Affected Investors
Investors who feel impacted by the recent developments about Soleno Therapeutics are encouraged to reach out to Danielle Peyton at Pomerantz LLP. They can provide needed support and advice regarding potential claims.
Frequently Asked Questions
What is Soleno Therapeutics known for?
Soleno Therapeutics specializes in developing innovative treatments for various medical conditions, notably their product Vykat XR.
Why is Pomerantz investigating Soleno?
Pomerantz is investigating allegations of securities fraud and potentially unlawful business practices that could impact shareholders.
What was the result of the Scorpion report?
The Scorpion Capital report significantly affected Soleno's stock price, leading to a sharp decline after its release.
How has Pomerantz helped investors in the past?
Pomerantz has a long history of winning substantial settlements for victims of securities fraud and corporate malfeasance.
If I am a Soleno investor, how can I get assistance?
Investors are urged to contact Pomerantz LLP for potential assistance regarding claims related to Soleno Therapeutics.
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