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VECT.US
id: 755
VectivBio Holding AG (VECT) Case on Misleading
S.D. New York
Court1:23-cv-04833
Case number06 Aug 2023
Lead Plaintiff motion deadline- Ironwood to acquire VectivBio for $17.00 per share in an all-cash.
- Investors suspect VectivBio misrepresented its financial projections.
On May 22, 2023, Ironwood Pharmaceuticals, Inc. (Nasdaq: IRWD) and VectivBio Holding AG (Nasdaq: VECT) announced that they entered into a definitive agreement for Ironwood to acquire VectivBio for $17.00 per share in an all-cash transaction with an estimated aggregate consideration of approximately $1 billion, net of VectivBio cash and debt.
Taking all representations into account, VectiveBio shareholders have reasons to suspect that the Company of misrepresenting VectivBio's financial projections.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
22 May 2023
Filing date
06 June 2023
Lead Plaintiff Deadline
06 August 2023