Press release
Investigation announced for Investors in shares of Allakos Inc. (NASDAQ: ALLK) over potential Wrongdoing
An investigation on behalf of investors in Allakos Inc. (NASDAQ: ALLK) shares over potential wrongdoing at Allakos Inc.
Investors who purchased shares of Allakos Inc. (NASDAQ: ALLK) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Allakos Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Carlos, CA based Allakos Inc., a clinical stage biopharmaceutical company, develops therapeutics that target immunomodulatory receptors present on immune effector cells in allergy, inflammatory, and proliferative diseases. On January 16, 2023, Allakos Inc. issued a press release "announc[ing] a restructuring to reduce costs and to focus on AK006 clinical development and additional preclinical programs." The Company stated that it "will halt lirentelimab-related activities across clinical, manufacturing, research and administrative functions" and, "[a]s a result, the Company will reduce its workforce by approximately 50%."
Shares of Allakos Inc. (NASDAQ: ALLK) declined from $3.41 per share on December 18, 2023, to as low as $1.00 per share on January 17, 2024.
Those who purchased shares of Allakos Inc. (NASDAQ: ALLK) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in shares of Allakos Inc. (NASDAQ: ALLK) over potential Wrongdoing here
News-ID: 3616541 • Views: …
More Releases from Shareholders Foundation, Inc.
Lawsuit filed for Investors who lost money with shares of Tronox Holdings plc (N …
An investor, who purchased shares of Tronox Holdings plc (NYSE: TROX), filed a lawsuit over alleged violations of Federal Securities Laws by Tronox Holdings plc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Tronox Holdings plc (NYSE: TROX) have certain options and for certain investors are short and strict deadlines running. Deadline: November 3, 2025. NYSE: TROX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
Investigation announced for Investors in Petco Health and Wellness Company, Inc. …
An investigation was announced for current long-term investors in shares of Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) concerning potential breaches of fiduciary duties by certain directors of Petco Health and Wellness Company, Inc.
Investors who are current long term investors in Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation…
Investigation announced for Long-Term Investors in RxSight, Inc. (NASDAQ: RXST) …
An investigation was announced for current long-term investors in shares of RxSight, Inc. (NASDAQ: RXST) concerning potential breaches of fiduciary duties by certain directors of RxSight, Inc.
Investors who are current long term investors in RxSight, Inc. (NASDAQ: RXST) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: RXST…
Tesla, Inc. (NASDAQ: TSLA) Investor Alert: Deadline in Lawsuit on October 3, 202 …
A deadline is coming up on October 3, 2025 in the lawsuit filed for certain investors of Tesla, Inc. (NASDAQ: TSLA) over alleged securities laws violations by Tesla, Inc.
Investors who purchased shares of Tesla, Inc. (NASDAQ: TSLA) have certain options and there are strict and short deadlines running. Deadline: October 3, 2025. Tesla, Inc. (NASDAQ: TSLA) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -…
More Releases for Allakos
Vernal keratoconjunctivitis Pipeline Analysis & Clinical Trials, 2025, DelveInsi …
DelveInsight's, "Vernal Keratoconjunctivitis - Pipeline Insight, 2025," report provides comprehensive insights about 5+ companies and 5+ pipeline drugs in Vernal Keratoconjunctivitis pipeline landscape. It covers the pipeline drug profiles, including clinical and nonclinical stage products. It also covers the therapeutics assessment by product type, stage, route of administration, and molecule type. It further highlights the inactive pipeline products in this space.
DelveInsight reports that over 5 key companies are actively engaged…
Allergic Conjunctivitis - Drug Pipeline Landscape, 2023 | Aldeyra Therapeutics, …
Allergic conjunctivitis is inflammation of the conjunctiva caused by an allergic reaction. Allergic conjunctivitis is caused by allergens and irritants, such as pollen, dust and mold. Allergic conjunctivitis can be grouped into two types seasonal allergic conjunctivitis and perennial allergic conjunctivitis.
To Remain 'Ahead' Of Your Competitors, Request for A Sample: https://www.globalinsightservices.com/request-sample/GIS31211
Symptoms of allergic conjunctivitis include red or pink eyes, pain, itchiness, swollen eyelids and soreness. Diagnostic tests of allergic conjunctivitis…
Atopic Dermatitis - Drug Pipeline Landscape, 2022 | Allakos, Inc, Amgen, Amtixbi …
Atopic dermatitis (eczema) is a condition that causes dry, itchy and inflamed skin. It's characterized by inflamed skin that may and release a clear fluid when scratched. Eczema damages the skin barrier function that makes skin more sensitive and more prone to infection and dryness.
Atopic dermatitis is caused by a combination of immune system activation, genetics, environmental triggers and stress. A weak skin barrier function might also trigger an immune…
Vernal Keratoconjunctivitis Market Competitive Insights 2021 - 2026 | Allakos, …
The report provides an overview of the many approaches employed to retain their place in the Vernal Keratoconjunctivitis market by industry participants. In combination for use in geometric surveying, SWOT analysis, statistical analyses, PESTLE analysis, and real-time testing approaches are utilized. It comprises a study of major participants in the industry and their latest market policies to enable new market participants, stakeholders, and shareholders to build successful company plans.
Ask For…
Investigation announced for Long-Term Investors in Allakos Inc. (NASDAQ: ALLK)
An investigation was announced. for long-term investors in shares of Allakos Inc. (NASDAQ: ALLK) concerning potential breaches of fiduciary duties by certain directors and officers of Allakos Inc.
Investors who are current long term investors in Allakos Inc. (NASDAQ: ALLK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ:…
Deadline on May 11th coming up in Lawsuit for Investors in Allakos Inc. (NASDAQ: …
A deadline is coming up on May 11, 2020 in the lawsuit filed for certain investors of Allakos Inc. (NASDAQ: ALLK) over alleged securities laws violations by Allakos Inc. (NASDAQ: ALLK).
Investors who purchased shares of Allakos Inc. (NASDAQ: ALLK) have certain options and there are strict and short deadlines running. Deadline: May 11, 2020. NASDAQ: ALLK stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According…
