Investor Alert: Soleno Therapeutics Under Investigation - What to Know

Investigation Surrounding Soleno Therapeutics
Bragar Eagel & Squire, P.C., a firm recognized for its dedication to investor rights, is currently investigating Soleno Therapeutics, Inc. (NASDAQ: SLNO). This inquiry comes amid concerns regarding the company's adherence to federal securities laws and potential unlawful business practices.
Understanding the Issues at Hand
Many shareholders are understandably worried about the implications of these investigations. With the firm gearing up to explore various claims against Soleno, it’s essential for investors to understand their rights. Those affected are encouraged to reach out to Bragar Eagel & Squire for more information about their legal options.
Recent Developments Impacting Shareholders
A report by Scorpion Capital has further intensified scrutiny towards Soleno Therapeutics. The report characterized Vykat XR, the company’s sole product, as exorbitantly priced and possibly unsafe for pediatric patients. This alarming assessment led to a notable decline in Soleno's stock, dropping $5.73 or 7.41%, closing at $71.63 on the day of the report's release.
Steps for Affected Investors
Investors who have suffered financial losses due to their investments in Soleno Therapeutics are urged to get in touch with the investigating attorneys. The firm offers a no-cost consultation to discuss potential avenues for recourse. For those holding shares long-term or with additional information pertinent to the investigation, contacting the firm's partners could prove vital.
The Role of Bragar Eagel & Squire, P.C.
This esteemed law firm, with roots extending to New York, South Carolina, and California, represents both individual and institutional investors across various complex litigations, including securities and commercial cases. Understanding the landscape of legal protections available is crucial for investors navigating these turbulent waters.
Contact Information for Legal Inquiries
For anyone impacted by recent events related to Soleno Therapeutics, contacting the firm is straightforward. Interested parties may reach out to Brandon Walker or Marion Passmore directly via telephone at (212) 355-4648. Moreover, further assistance can be obtained by emailing investigations@bespc.com.
Frequently Asked Questions
What is Soleno Therapeutics being investigated for?
Soleno is under investigation for possible violations of federal securities laws and unlawful business practices.
How has Soleno's stock price changed recently?
Following a critical report, Soleno's stock dropped by $5.73, marking a 7.41% decrease in value.
Who should I contact if I am a affected investor?
Affected investors are encouraged to contact Bragar Eagel & Squire, P.C. for legal advice and to discuss possible options.
What is the company’s primary product?
Soleno Therapeutics' sole product is Vykat XR, which has been criticized in recent reports for its pricing and safety concerns.
Is there any cost associated with contacting Bragar Eagel & Squire?
No, the firm offers initial consultations at no cost to potential clients.
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