Investors Target Class Action for Iovance Biotherapeutics Losses
Class Action Overview for Iovance Biotherapeutics Shareholders
The Gross Law Firm is reaching out to shareholders of Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) to inform them about a pending class action lawsuit. If you purchased shares during the designated class period, this may be an opportunity for you to seek justice regarding your investment losses.
Eligibility for Participation
Shareholders who acquired shares of IOVA during the specified timeframe are urged to get in touch with the Gross Law Firm for potential lead plaintiff appointments. Being a lead plaintiff is not a requirement to gain any potential recovery from this class action.
Contact Information
Getting in touch is simple. You can contact the firm through their website regarding any inquiries or to register your involvement. It’s vital to act promptly to secure your position in the lawsuit.
Class Action Timeline and Key Dates
The timeline for the class period ranges from May 9, 2024, to May 8, 2025. Shareholders need to be aware of the approaching deadline for registering in this class action, which is set for July 14, 2025.
Legal Allegations Against Iovance Biotherapeutics
The allegations suggest that throughout the class period, the company allegedly misled investors with overly upbeat statements while simultaneously suppressing crucial, adverse information regarding its operational capabilities and market demand. Notably, revelations arose on July 25, 2024, when the company disclosed disappointing financial outcomes for the second quarter of fiscal 2024 and revised its revenue forecasts downwards.
Impact on Shareholder Investments
The announcement led to a significant plunge in Iovance's stock price, dropping from a closing price of $3.17 on May 8, 2025, to $1.75 on May 9, 2025—a staggering decrease of almost 45% within a single day.
Next Steps for Shareholders
Once you register as a shareholder from the identified period, you will receive status updates via a portfolio monitoring tool covering the lifetime of the case. Please note that seeking lead plaintiff status must also be completed before the July deadline. Importantly, there are no costs or obligations involved in participating in this case.
Why Choose the Gross Law Firm?
The Gross Law Firm is dedicated to safeguarding the rights of investors who have faced losses through deceptive practices and fraudulent activities. Their mission emphasizes the importance of corporate responsibility and ethical business conduct. They strive to obtain recoveries for investors misled by companies through false or misleading statements.
Contact Details for Further Assistance
For any further queries, you may reach out to:
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 about?
This class action targets alleged misleading statements made by Iovance Biotherapeutics that may have led to significant investor losses.
Who can participate in the class action?
Shareholders who purchased IOVA shares within the class period (May 9, 2024, to May 8, 2025) are eligible to participate.
How do I register for the class action?
You can register by contacting the Gross Law Firm through their designated channels for involvement in the class action.
What are the deadlines I need to be aware of?
Key dates include the class period from May 9, 2024, to May 8, 2025, with a final deadline for registration on July 14, 2025.
Is there a cost to join the class action?
No, there is no cost or obligation to register or participate in this class action.
About The Author
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