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NASDAQ: HSDT Investor Notice: Deadline coming up in Lawsuit against Helius Medical Technologies, Inc.

08-21-2019 06:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on September 9, 2019in the lawsuit for certain investors in Helius Medical Technologies, Inc.

A Deadline is coming up on September 9, 2019in the lawsuit for certain investors in Helius Medical Technologies, Inc.

The Shareholders Foundation announces that a deadline is coming up on September 9, 2019 in the lawsuit filed for certain investors of Helius Medical Technologies, Inc. (NASDAQ: HSDT) over alleged securities laws violations by Helius Medical Technologies, Inc.

Investors who purchased shares of Helius Medical Technologies, Inc. (NASDAQ: HSDT) have certain options and there are strict and short deadlines running. Deadline: September 9, 2019. NASDAQ: HSDT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Helius Medical Technologies, Inc. (NASDAQ: HSDT) common shares between November 9, 2017 and April 10, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 9, 2017 and April 10, 2019, the Defendants failed to disclose to investors: (1) that the clinical study on the use of PoNS did not produce statistically significant results regarding the effectiveness of the treatment; (2) that, as a result, the clinical study did not support the Company’s application for regulatory clearance; (3) that, as a result, the Company was unlikely to receive regulatory approval of PoNS; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Helius Medical Technologies, Inc. (NASDAQ: HSDT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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