FILED PROCEEDING – CASSAVA SCIENCES Prosecuted for Securities Law Violations: Investors should contact Block & Leviton for more information
BOSTON, Oct 06, 2021 (GLOBE NEWSWIRE) – Block & Leviton announces that a class action lawsuit has been filed against Cassava Sciences, Inc. (NASDAQ: SAVA) for potential violations of securities law. Investors who have bought stocks and lost money are encouraged to contact the firm to learn more about how they might recoup those losses. For more details, visit https://www.blockleviton.com/cases/sava.
What is all this?
Earlier today, Cassava Sciences announced the launch of a Phase 3 trial for its investigational Alzheimer’s drug simulfilam. The announcement follows an August 24, 2021 report of a letter posted on a government website urging the United States Food and Drug Administration (FDA) Center for Drug Assessment and Research to suspend drug testing. clinical trials with simulfilam due to concerns about the quality of studies with the drug.
Previously, shares of Cassava plunged more than 20%, after trading hours on August 24, 2021. Today, shares fell another 7% following the announcement of the Phase 3 trial .
Who is eligible?
Anyone who bought cassava shares between September 14, 2020 and August 27, 2021 is potentially eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to find out more.
What should you do next?
The deadline to apply for an appointment as a lead applicant is October 26, 2021. A group has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent member of the group.
Why contact Block & Leviton?
Many law firms have published press releases on this subject; most of these companies do not actually litigate class actions in securities. Block & Leviton is a law firm that actually litigates cases. We are committed to securing large collections on behalf of defrauded investors through active litigation in federal courts across the country. Many of the country’s leading institutional investors hire us to represent their interests. You can know more about us on our website, www.blockleviton.com, or call (617) 398-5600 or email [email protected] with any questions.
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