SAN DIEGO & NORWOOD, Mass.–(BUSINESS WIRE)–$CRBP #ClassAction–Shareholder rights law firm Robbins
Arroyo LLP reminds shareholders that purchasers of Corbus
Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) filed a class action
complaint against the company for alleged violations of the Securities
and Exchange Act of 1934 between November 14, 2016 and February 28,
2019. Corbus purports to be a pharmaceutical company focused on the
development and commercialization of novel therapies to treat
inflammatory and fibrotic diseases.
View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/corbus-pharmaceuticals-holdings-jun-19/
Corbus Accused of Faking Clinical Results for Lenabasum
According to the complaint, since 2016, Corbus falsely assured investors
with reports of positive clinical data in its studies for Lenabasum.
Then, on February 28, 2019, a SeekingAlpha article was published
denouncing the company’s results by stating that Lenabasum’s “Phase 2
trial in SSc was a massive failure.” When the truth about Lenabasum was
revealed, Corbus’ stock fell almost 16% on February 28, 2019. The stock
still trades below its class period high.
Corbus Shareholders Have Legal Options
Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leo Kandinov at (800)
350-6003, [email protected],
or via the shareholder
information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.