Synergy investors have an opportunity to recover their investment losses. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member. An investor, who purchased shares of Synergy Pharmaceuticals Inc (NASDAQ: SGYP), filed a lawsuit over alleged violations of Federal Securities Laws by Synergy Pharmaceuticals Inc in connection with certain allegedly false and misleading statements. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Обзор, преимущества, возможности пользователей, Онлайн-казино 1xBet.
1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. Deadline: April 12, 2019. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) TRULANCE, Synergy’s lead product, was underperforming and Synergy’s revenues were insufficient to meet the minimum revenue requirements in the $300 million senior secured loan from CRG Partners III L.P. (the “CRG Loan”); (2) due to operating expenses and lack of revenues, Synergy was unlikely to meet the capital requirements in the CRG Loan; (3) due to Synergy’s lack of revenues and capital deficiency, Synergy was unlikely to have sufficient market capitalization to satisfy the minimum market capitalization requirements in the CRG Loan; (4) Synergy’s relationship with CRG was not “very collaborative” and CRG was unwilling to materially amend the CRG Loan to allow Synergy to become compliant based on its actual revenues; (5) Synergy’s strategic review had proven unsuccessful as no “white knight” or financing alternative had emerged to save Synergy; and (6) as a result of the foregoing, Synergy’s public statement were materially false and misleading at all relevant times.
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San Diego, CA---- 02/20/2018-- An investor, who purchased NASDAQ: SGYP shares filed a lawsuit against Synergy Pharmaceuticals Inc over alleged violations of Federal Securities Laws. http://www.rosenlegal.com/cases-register-1545.html, https://www.linkedin.com/company/the-rosen-law-firm.
An investor in shares of Synergy Pharmaceuticals Inc (NASDAQ:SGYP) filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Synergy Pharmaceuticals Inc in connection with certain allegedly false and misleading statements made between September 5, 2017 and November 14, 2017. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com. The lawsuit seeks to recover damages for Synergy investors under the federal securities laws. Safirstein Metcalf LLP Announces that a Class Action has been Filed Against Synergy Pharmaceuticals Inc – SGYP. БК 1xBet. Анализ, преимущества, возможности пользователей, БК 1xBet. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. 92108 San Diego One of the main suppliers overseas of a key ingredient is no longer operating. According to the complaint the plaintiff alleges on behalf of purchasers of Synergy Pharmaceuticals Inc (NASDAQ: SGYP) common shares between September 7, 2017 through October 25, 2018,, that the defendants violated Federal Securities Laws. When the true details entered the market, the lawsuit claims that investors suffered damages.
New York, N.Y., April 8, 2019. Consequently, contrary to Defendants’ previous statements at the beginning of the Class Period, the loan was not available to Synergy “when needed,” would result in dilution of the outstanding shares, and would not be sufficient to fund operations through 2019, without dilution. Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) from September 5, 2017 through October 25, 2018, inclusive (the “Class Period”). Contact: More specifically, the plaintiff claims that the defendants violated the Securities Exchange Act of 1934 by misrepresenting and/or failing to disclose that the Company’s launch of its primary product TRULANCE was not as successful as represented and as a result, revenues from TRULANCE underwhelmed, that Synergy faced substantial risk that it would not be able to satisfy various covenants in its senior secure loan from CRG Partners III L.P. (“CRG”) due to the Company’s poor launch of TRULANCE and its underwhelming performance, that Synergy’s relationship with CRG had soured and CRG was no longer willing to collaborate or be flexible with respect to requirements of the senior secure loan; and that the Company’s strategic review had failed to yield a “white knight” or financing alternative and as a result, the Company was likely to default and enter into bankruptcy. Those who purchased shares of Synergy Pharmaceuticals Inc (NASDAQ: SGYP) have certain options and should contact the Shareholders Foundation.
info@safirsteinmetcalf.com The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. View ComplaintRetainer Agreementinfo@rosenlegal.com. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
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Safirstein Metcalf LLP announces that a class action lawsuit has been filed against Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) and certain of its officers, on behalf of shareholders who purchased Synergy securities during the class period between September 5, 2017 and November 14, 2017, both dates inclusive. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. The information is provided as a public service. Following the news, Synergy stock dropped as low as $1.68 per share.
The lawsuit seeks recovery of investor losses.
Safirstein Metcalf LLP announces that a class action lawsuit has been filed against Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) and certain of its officers, on behalf of shareholders who purchased Synergy securities during the class period between September 5, 2017 … Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) from September 5, 2017 through November 14, 2017, inclusive. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. A class action lawsuit has already been filed. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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