NEW YORK, NY / ACCESSWIRE / September 23, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Vaxart, Inc, ("Vaxart" or the "Company") (NASDAQ:VXRT). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Vaxart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 25, 2020, the New York Times published an article entitled "Corporate Insiders Pocket $1 Billion in Rush for Coronavirus Vaccine." The New York Times article reported that Vaxart's "[c]ompany insiders, who weeks earlier had received stock options worth a few million dollars, saw the value of those awards increase sixfold" when the Company announced that its COVID-19 vaccine had been selected by the U.S. government to be part of Operation Warp Speed, the flagship federal initiative to quickly develop drugs to combat COVID-19.
On this news, Vaxart's stock price fell $1.13 per share, or 9.19%, to close at $11.16 per share on July 27, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP