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LGVN.US
id: 684, Created by Stan Vick Chase, Scout
Longeveron Inc. (LGVN) Investors $1.4 Settlement
Pending settlement
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
- No credit-card required
12 February 2021
Class period Start12 August 2021
Class period End08 September 2023
Claim deadlineHow it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
- No credit-card required
Longeveron Inc. (LGVN) settles $1.3975 M with Investors.
The Complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of a material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Specifically, the Complaint alleges that the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that:
- Lomecel-B was not as effective in treating aging frailty as Defendants had led investors to believe;
- accordingly, Lomecel-B's clinical and commercial prospects with respect to aging frailty were overstated; and
- as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state the information required to be stated therein.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Case number
21-CV-23303
Filing date
13 September 2021
Lead plaintiff
Jerald Vargas Malespin
Attorney
The Rosen Law Firm, P.A. (New York, NY)
Defendants
Geoff Green, James Clavijo, Joshua M. Hare, Donald M. Soffer, Neil E. Hare, Rock Soffer
Court
Southern District of Florida
Judge
Hon. Marcia G. Cooke
Administrator
Strategic Claims Services
Court hearing date
10 October 2023
Exclusion deadline
25 August 2023
Objection deadline
26 September 2023
Hearing deadline
26 September 2023
+$1,397,500
Total Settlement Amount