Investor Alert: Class Action Targeting Sage Therapeutics, Inc.
Class Action Filed Against Sage Therapeutics, Inc. (NASDAQ: SAGE)
Attention investors and stakeholders of Sage Therapeutics, Inc. (NASDAQ: SAGE)! Recently, a class action lawsuit has been initiated, raising significant concerns about misleading practices that may have impacted investors during a particular time frame.
Details of the Class Action
This lawsuit encourages shareholders who acquired shares during the specified class period to reach out for information about potentially being appointed as lead plaintiffs. It's essential to note that participating in this lawsuit does not necessitate being designated as a lead plaintiff.
Class Period
The class action concerns the period from April 12, 2021, up until July 23, 2024. Shareholders within this timeframe are urged to register their details to explore their options.
Allegations Against Sage Therapeutics
The allegations state that the company made various materially false and misleading statements about its products and treatments. Specifically, it claims that Zuranolone, a drug intended for postpartum depression treatment, was less effective in addressing Major Depressive Disorder than Sage Therapeutics portrayed. Furthermore, there’s concern about the likelihood of FDA approval for Zuranolone and other treatments such as SAGE-718 and SAGE-324.
Importance of Timely Registration
As the deadline for registration approaches on October 28, 2024, it's critical for shareholders to act promptly. Participating in this action will provide ongoing updates regarding the status of the lawsuit and any pertinent developments.
Next Steps for Investors
Investors who register will gain access to portfolio monitoring tools that facilitate updates and insights related to the case. This assistance aims to keep shareholders informed throughout the legal proceedings. Importantly, there is no financial obligation to those who wish to participate in this class action.
About The Gross Law Firm
The Gross Law Firm has established its reputation as a notable entity in the realm of class action lawsuits. The firm's primary goal is to safeguard investors' rights who have endured losses due to deceitful practices or misleading information from companies like Sage Therapeutics. Advocating for corporate accountability, the firm’s focus remains on restoring investor trust through legal means.
Contact Information
For additional information or inquiries, you can contact The Gross Law Firm located at 15 West 38th Street, 12th Floor, New York, NY 10018. While the firm encourages communication through various channels, specifics regarding phone consultations with legal professionals are available for those seeking assistance.
Frequently Asked Questions
What is the purpose of the class action against Sage Therapeutics?
The class action seeks to address misleading statements made by Sage Therapeutics that may have adversely affected its investors.
When is the deadline to register for the class action?
The deadline to register is October 28, 2024. Shareholders are encouraged to register as soon as possible.
Who can participate in the class action?
Shareholders who purchased SAGE shares during the specified class period are eligible to participate.
What are the potential outcomes of the class action?
Participants may be eligible for recovery of their losses if the class action is successful.
How will I receive updates on the case?
Investors who register will be enrolled in a monitoring system that provides status updates throughout the case's duration.
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