Important Alert for Pacira BioSciences Investors on Legal Action
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Legal Action Alerts for Pacira BioSciences Investors
Kahn Swick & Foti, LLC, a prominent law firm, is reaching out to investors of Pacira BioSciences, Inc. (NASDAQ: PCRX). If you have incurred losses exceeding $100,000, you may have important rights to recover your investments. The deadline for filing lead plaintiff applications in a class action lawsuit against Pacira BioSciences is approaching. Understanding your legal options is crucial to safeguarding your interests.
What Steps Should Investors Take?
Contacting Legal Experts
If you hold securities of Pacira and are concerned about how recent events may impact your investment, Kahn Swick & Foti, LLC offers legal consultations. You can reach out toll-free to discuss your situation, with no obligation. Whether you want to file as a lead plaintiff or understand your legal rights, expert advice is available.
Key Reasons Behind the Lawsuit
Nature of the Allegations
The lawsuit against Pacira BioSciences centers on allegations that the company and its executives failed to disclose material information during a specified class period. This failure constitutes a violation of federal securities laws. Investors deserve transparency about companies in which they invest, particularly when significant legal risks arise.
Impact of Recent Court Rulings
On a critical date, the company revealed the outcome of its patent infringement lawsuit against eVenus concerning the Exparel product, which is vital as it contributes to around 80% of Pacira's revenue. The results stated that the U.S. Patent No. 11,033,495 was declared invalid by the court. This revelation sent Pacira's stock plummeting over 47%, indicating the market's reaction to the bad news and raising flags for investors.
Understanding the Legal Process
Details of the Class Action
The class action is formally titled Alvarez v. Pacira BioSciences, Inc., and will proceed in the United States District Court. With a deadline approaching, potential claimants are encouraged to act quickly to protect their rights. By joining the class action, affected investors may recover economically from losses incurred due to the alleged misconduct.
Commitment to Investor Rights
Kahn Swick & Foti, LLC, led by experienced partners, including noted former Attorney General Charles C. Foti, Jr., is dedicated to representing investors who have faced losses due to corporate misconduct. This legal firm specializes in investor rights and seeks to recover losses stemming from fraud or misrepresentation.
About Kahn Swick & Foti, LLC
As a distinguished securities litigation law firm, Kahn Swick & Foti serves a diverse range of clients, from individual investors to large institutions. With a strong commitment to holding companies accountable for their actions, they aim to recover losses for clients who have suffered due to unethical practices. Their reach spans multiple states, ensuring that investors nationwide have access to professional legal support.
Frequently Asked Questions
What is the class action against Pacira BioSciences about?
The class action alleges that Pacira failed to disclose important information that affected its stock value and violated federal securities laws.
Who can be a lead plaintiff in this case?
Investors who purchased Pacira's securities during the class period and lost significant amounts may apply to be lead plaintiffs.
What should I do if I am affected?
If you have losses exceeding $100,000 in Pacira securities, contact a legal expert to discuss your options and potential recovery.
How can I contact Kahn Swick & Foti, LLC?
You can reach KSF’s Managing Partner, Lewis Kahn, at 1-877-515-1850 for consultations regarding your legal rights.
Why is it important to act quickly?
The deadline for filing lead plaintiff applications is approaching, making it essential to take action to protect your financial interests.
About The Author
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