Significant Stock Price Drop at Applied Therapeutics: A Call to Action for Shareholders
Urgent Notice for Shareholders of Applied Therapeutics, Inc.
The Gross Law Firm has released an important notice for shareholders of Applied Therapeutics, Inc. (NASDAQ: APLT). If you have acquired shares of APLT during a specified time frame, your attention is needed.
Understanding the Situation
Recent events have raised significant concerns for investors in Applied Therapeutics. Following the company’s announcement about receiving a Complete Response Letter (CRL) from the FDA regarding its New Drug Application for govorestat, their leading drug candidate, the stock has faced considerable pressure.
The Impact of the FDA's Response
On the date the CRL was announced, shares plummeted dramatically. This fall began with the price at $10.21 before a sharp decrease to $8.57 with subsequent drops to $2.03 and $1.75. Such fluctuations represent an alarming decline of over 80%. Adding to the distress, a warning letter from the FDA regarding clinical trial issues was disclosed later, leading to further depreciation in the stock value.
Important Dates and Instructions for Shareholders
Shareholders who purchased shares between the specified periods are encouraged to reach out to the Gross Law Firm. There is no requirement to be appointed as a lead plaintiff to seek recovery, but acting promptly is essential.
Class Period and Registration Deadline
The designated class period ranges from early January to early December in the following year. Shareholders should take action before the deadline for registration on February 18. Immediate registration is recommended to ensure participation.
What Can You Expect?
By registering, shareholders will not only express their interest in the proceedings but will also gain access to ongoing updates through a portfolio monitoring software provided by the law firm. This service is designed to keep investors informed on the case's progress without any financial obligation.
The Role of The Gross Law Firm
As a recognized advocate for investor rights, The Gross Law Firm provides crucial protection against deceitful practices that can harm the financial well-being of shareholders. Their commitment is to hold companies accountable for fraudulent activities that lead to inflated stock valuations through misleading statements.
How to Get in Touch
To learn more and officially register your interest, please contact The Gross Law Firm. Ensuring your participation can be an important step towards seeking recovery for your losses.
Frequently Asked Questions
1. What is the class period for this action?
The class period for the lawsuit spans from early January to early December in the following year.
2. How can I register for the class action?
Interested shareholders should promptly contact The Gross Law Firm to register their information.
3. Will I have to pay to participate?
No, there is no cost associated with participating in the class action.
4. What happens if I miss the registration deadline?
Unfortunately, missing the registration deadline may preclude you from participating in this class action.
5. What is the role of The Gross Law Firm?
The Gross Law Firm advocates for shareholders' rights, ensuring accountability and supporting those impacted by corporate malpractice.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.
