MacroGenics, Inc. Investors Encouraged to Contact Legal Team
MacroGenics, Inc. Investors Urged to Take Action
Investors in MacroGenics, Inc. (NASDAQ: MGNX) are encouraged to connect with Levi & Korsinsky, LLP regarding important legal rights and opportunities. A notable class action lawsuit is currently making waves in the investment community, as it involves allegations of securities fraud that impacted countless shareholders.
Understanding the Class Action Lawsuit
The lawsuit primarily focuses on investor losses from MacroGenics during a specific period when troubling misrepresentations about the company’s drug safety data surfaced. A significant development occurred when it was revealed that the safety profile for vobramitamab duocarmazine was far more concerning than initially disclosed by the company's representatives.
Who Is Affected?
Investors who bought into MacroGenics between specific dates should pay particular attention. If you invested during this span and experienced losses, you could be eligible to benefit from this class action.
Details Behind the Allegations
The class action utilizes claims that during the designated time, the defendants were not forthright about the drug's risks. The dramatic revelation on May 9 led to a shocking 77.4% decrease in the company's stock, equating to a loss of $11.36 per share. This made waves across the trading platform, emphasizing the need for shareholder attention.
Taking Steps Forward
As the clock ticks towards an upcoming deadline, which is fast approaching, affected investors have a clear path to follow. You have until September 24, 2024 to ensure your voice is heard in the court proceedings, and claiming your part in the potential recovery is vital.
No Direct Costs for Participation
It’s essential to understand that participating in this class action carries no direct costs for investors. In fact, members may be entitled to recover funds without any out-of-pocket expenses incurred, ensuring accessibility for everyone affected.
Why Choose Levi & Korsinsky?
Levi & Korsinsky boasts a remarkable track record in advocating for investors over the past two decades, having secured hundreds of millions for their clients. With expertise in high-stakes securities litigation, the firm has built a reputation that is recognized nationally for its commitment to investor rights.
Contact Information for Assistance
If you wish to take action or learn more about your rights as an investor in MacroGenics, reach out to Joseph E. Levi, Esq. You can email him directly or contact the firm by phone. They are equipped to assist you with information tailored to your situation.
Email and Phone Contact
For inquiries, you can reach Joseph E. Levi at [email protected] or phone (212) 363-7500.
Address for Levi & Korsinsky, LLP
Further, to connect with them in person or through traditional mail, the office address is: 33 Whitehall Street, 17th Floor, New York, NY 10004.
Frequently Asked Questions
What should I do if I invested in MacroGenics during the critical period?
If you purchased shares during the specified dates of the alleged fraud, contacting Levi & Korsinsky is a good first step to understanding your rights.
How much will it cost me to participate in this class action?
There are no costs or fees required from class members to participate; hence, you can pursue your claim without any financial risks.
What risk is involved in joining the class action lawsuit?
The primary risk is not joining and losing the chance for potential financial recovery if your investment was adversely impacted during the alleged period.
Will I need to appear in court?
While you do not necessarily need to appear in court, it’s advisable to stay informed and available should representatives need to reach you for updates.
How can I stay updated on this lawsuit?
The best way to remain informed is to work closely with your legal team at Levi & Korsinsky, who will update you on significant developments in the case.
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