Back to Newsroom
Back to Newsroom

MYGN DEADLINE TODAY: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Myriad Genetics (MYGN) Investors of Today’s Deadline to Move for Lead Plaintiff

Tuesday, 26 November 2019 02:00 AM

Hagens Berman Sobol Shapiro LLP

Topic:
Lawsuits

SAN FRANCISCO, CA / ACCESSWIRE / November 26, 2019 /  Hagens Berman alerts Myriad Genetics, Inc. (NASDAQ:MYGN) investors of today's deadline to move for lead plaintiff in a securities fraud class action pending against the Company and urges MYGN investors who have suffered losses to contact the firm immediately.

Class Period: Sept. 2, 2016 - Aug. 13, 2019

Lead Plaintiff Deadline: Nov. 26, 2019

Sign Up: www.hbsslaw.com/investor-fraud/MYGN

Contact An Attorney Now: [email protected]

(510) 725-3000

Myriad Genetics (MYGN) Securities Class Action:

According to the Complaint, Defendants misled investors about Myriad Genetics' GeneSight®, a DNA genotyping test to aid psychotropic drug selection for depressed patients.

The Complaint alleges Defendants repeatedly promoted the GeneSight® product, while concealing that GeneSight® lacked evidence or information sufficient to support tests in its current form, including the validity of its purported benefits. On August 13, 2019, Defendants disclosed that the FDA requested changes to GeneSight® and the Company had been in ongoing discussions with the FDA about the request. Defendants revealed that the FDA had specifically questioned the company as to whether the validity of GeneSight's purported benefits had been established.

This news drove the price of Myriad shares down $19.05, or down almost 43%, to close at $25.50 on August 14, 2019, erasing $1.4 billion in market capitalization.

"We're focused on investors' losses and whether Myriad misrepresented GeneSight®'s benefits," said Hagens Berman partner Reed Kathrein.

If you purchased shares of Myriad Genetics and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Myriad should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

SOURCE: Hagens Berman Sobol Shapiro LLP

Topic:
Lawsuits
Back to newsroom
Back to Newsroom
Share by: