Have You Lost Money Investing in CytoDyn?

Mar 17, 2021 | Securities Class Action Archive

Class Action Filed On Behalf Of CytoDyn, Inc. Investors – CYDY Investors With Losses Greater Than $100,000 Encouraged To Contact Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of CytoDyn, Inc. (“CytoDyn” or the “Company”) (OTC: CYDY) to determine whether the Company engaged in securities fraud or other unlawful business practices. 

On March 17, 2021, a class action lawsuit was filed against CytoDyn in United States District Court on behalf of CytoDyn investors who purchased, or otherwise acquired, CytoDyn common stock between March 27, 2020 and March 9, 2021, both dates inclusive (the “Class Period”).

According to the class action complaint, CytoDyn issued numerous press releases, conducted conference calls, participated in interviews, and aggressively utilized several third-party investor relations and stock newsletter services to tout Leronlimab as a potential treatment for COVID-19 and to pump up the stock price of CytoDyn while executives aggressively sold shares.

The class action complaint also alleges that in addition to overstating the viability of Leronlimab as a COVID-19 treatment, CytoDyn also engaged in a wrongful scheme with its lender, Iliad Research and Trading L.P. (“Iliad”), and its principal John Fife (“Fife”), whereby Iliad and other Fife entities operated as an unregistered securities dealer for CytoDyn. In connection with Iliad lending funds to CytoDyn, Iliad obtained a convertible promissory note from CytoDyn and converted the note into newly issued shares of CytoDyn and sold those shares into the public market at a profit, in violation of the dealer registration requirements of the federal securities laws.

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANY’S COMMON STOCK DURING THE CLASS PERIOD AND SUFFERED LOSSES GREATER THAN $100,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.  

Kehoe Law Firm, P.C.

Have You Held Plug Power Securities Since At Least Nov. 2020?

Mar 17, 2021 | Securities Class Action Archive

Plug Power Investors Who Have Held Their Stock Continuously Since At Least November 2020 Encouraged To Contact Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG) breached their fiduciary duties to Plug Power and the Company’s shareholders. 

The investigation concerns whether certain officers and/or directors of Plug Power, among other things, made false and/or misleading statements or failed to disclose that Plug Power would be unable to timely file its annual report for the period ended December 31, 2020, because the Company was completing a “review and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas.”  Plug Power stated that “[i]t is possible that one or more of these items may result in charges or adjustments to current and/or prior period financial statements.”

If you have held Plug Power stock continuously since at least November 2020 and wish to discuss Kehoe Law Firm’s investigation or have questions about your potential legal rights, please contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], [email protected], to learn more about the investigation or potential legal claims.

Kehoe Law Firm, P.C.