MacroGenics, Inc. Investors Urged for Legal Deadlines Awareness
Attention MacroGenics Investors
MacroGenics, Inc. (NASDAQ: MGNX), a biopharmaceutical company focused on developing and commercializing innovative treatments, is currently under scrutiny due to an ongoing securities class action lawsuit. Investors who own or owned shares of MacroGenics during a specific period may want to take note of the situation as it could significantly impact their legal rights.
Understanding the Lawsuit
This lawsuit alleges that MacroGenics made misleading statements about interim safety data from their TAMARACK Phase 2 study, which examined a drug specifically designed for prostate cancer treatment called vobramitamab duocarmazine. These misrepresentations potentially led to financial losses for investors who bought shares of the company.
Your Rights as an Investor
If you purchased shares of MacroGenics, especially between March 7, 2024, and May 9, 2024, it is crucial to be informed about your rights. Engaging with legal representatives can provide clarity on whether you can serve as a lead plaintiff in the ongoing lawsuit. A lead plaintiff acts on behalf of other investors, ensuring their interests are represented throughout the litigation process.
Key Deadlines
Investors need to be vigilant about the deadlines associated with this lawsuit. Specifically, if you wish to participate as a lead plaintiff, the necessary paperwork must be submitted by September 24, 2024. Even if you choose not to take any action, it is essential to understand that you can remain part of the class action without compromising your rights to any recovery.
How to Get Involved
Why Trust Bernstein Liebhard LLP?
Bernstein Liebhard LLP is a respected law firm recognized for its significant track record in securities litigation, having recovered over $3.5 billion for clients since 1993. The firm is not only dedicated to individual investors but also represents large public and private pension funds, showcasing its capability and commitment to achieving favorable outcomes.
What to Expect Moving Forward
As the lawsuit progresses, shareholders of MacroGenics, Inc. (NASDAQ: MGNX) are encouraged to stay updated on any developments. Monitoring company communications and engaging with investor relations can provide essential information regarding the lawsuit and potential implications for your investment. Keeping in touch with legal representatives will also ensure that you are aware of your responsibilities and rights as part of the class action.
Frequently Asked Questions
1. What is the class action lawsuit against MacroGenics about?
The lawsuit alleges that MacroGenics made misleading statements about the safety data related to its prostate cancer treatment, leading to investor losses.
2. How do I know if I'm eligible to participate?
If you purchased shares of MacroGenics between March 7, 2024, and May 9, 2024, you may be eligible to participate in the lawsuit.
3. What is the deadline for filing paperwork?
The deadline to file to become a lead plaintiff is September 24, 2024.
4. What are the costs involved in pursuing this lawsuit?
Bernstein Liebhard LLP works on a contingency fee basis, meaning you do not pay fees unless you recover funds.
5. How can I contact investor relations for more information?
You can reach out to Peter Allocco at (212) 951-2030 for assistance related to your investments in MacroGenics, Inc.
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