Deadline on Dec. 7th coming up in Lawsuit filed for Investors in Mesoblast Limited (OTC: MEOBF)

A deadline is coming up on December 7, 2020 in the lawsuit filed for certain investors of Mesoblast Limited (OTC: MEOBF) over alleged securities laws violations by Mesoblast Limited (OTC: MEOBF).

Investors who purchased shares of Mesoblast Limited (OTC: MEOBF) have certain options and there are strict and short deadlines running. Deadline: December 7, 2020. OTC: MEOBF 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 Mesoblast Limited (OTC: MEOBF) common shares between April 16, 2019 and October 1, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 16, 2019 and October 1, 2020, the Defendants failed to disclose to investors, that comparative analyses between Mesoblast’s Phase 3 trial and three historical studies did not support the effectiveness of remestemcel-L for steroid refractory aGVHD due to design differences between the four studies, that, as a result, the FDA was reasonably likely to require further clinical studies, that, as a result, the commercialization of remestemcel-L in the U.S. was likely to be delayed, and 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 Mesoblast Limited (OTC: MEOBF) 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.

This release was published on openPR.