Upcoming deadline: levi & korsinsky, llp reminds investors of class
action against acelrx pharmaceuticals, inc. and its board of directors
and a lead plaintiff deadline of december 1, 2014
New york--(business wire)--levi & korsinsky announces that a class action lawsuit has been commenced in the usdc for the northern district of california on behalf of investors who purchased or otherwise acquired acelrx pharmaceuticals, inc. (“acelrx” or the “company”) (nasdaq:acrx) common stock and/or call options, or sold/wrote acelrx’s put options between december 2, 2013 and september 25, 2014. for more information, click here: http://zlk.9nl.com/acelrx-pharmaceuticals-acrx. the complaint alleges that defendants made false and/or misleading statements and/or failed to disclose during the class period: (1) that the instructions for use (ifu) for zalviso were not designed to adequately address the risk of the inadvertent misplacement of tablets; and (2) that the company had not submitted to the fda sufficient data to support the shelf life of the product. on july 25, 2014, acelrx announced that it had received a complete response letter from the fda regarding its new drug application for zalviso. then on september 26, 2014, acelrx revealed that the resubmission process for its zalviso nda would not be complete until the first quarter of 2015 at the earliest. on this news, shares of acelrx declined over 19%, to close on september 26, 2014 at $5.41 per share, on unusually heavy volume. if you suffered a loss in acelrx you have until december 1, 2014 to request that the court appoint you as lead plaintiff. your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. to obtain additional information, contact joseph e. levi, esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/acelrx-pharmaceuticals-acrx. levi & korsinsky is a national firm with offices in new york, new jersey, connecticut and washington d.c. the firm’s 28 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. for more information, please feel free to contact any of the attorneys listed below. attorney advertising. prior results do not guarantee similar outcomes.
ACRX Ratings Summary
ACRX Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission