11/01/2017 18:20:00

Deadline in Lawsuit for Investors in shares of Ligand Pharmaceuticals Inc. (NASDAQ:LGND) announced by Shareholders Foundation

Related content
09 Jan - 
Immunomedics Announces Reconstituted Board of Directors..
05 Jan - 
LGND LOSS ALERT: Rosen Law Firm Reminds Ligand Pharmace..
29 Dec - 
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC R..

SAN DIEGO, Jan. 11, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on January 17, 2017 in the lawsuit that was filed for certain investors in NASDAQ: LGND shares over alleged Securities Laws Violations by Ligand Pharmaceuticals Inc. 

The lawsuit seeks to recover damages for certain NASDAQ:LGND investors. 

Investors who purchased shares of Ligand Pharmaceuticals Inc. (NASDAQ:LGND) have certain options and for certain investors there are short and strict deadlines running. Deadline: January 17, 2017. NASDAQ: LGND investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. 

On November 9, 2016, Ligand Pharmaceuticals Inc. announced that it would not be able to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2016 and that it was reviewing a potential restatement. 

On November 14, 2016, Ligand Pharmaceuticals Inc. announced that it would restate financial statements for the quarters ended September 30, 2015; December 31, 2015; March 31, 2016; and June 30, 2016, due to a material error. Ligand Pharmaceuticals Inc. also disclosed that its management determined that the Company did not maintain effective controls over the accuracy and presentation of accounting for income taxes related to complex transactions. 

On November 17, 2016, a lawsuit was filed against Ligand Pharmaceuticals Inc (NASDAQ:LGND) in the U.S. District Court for the Southern District of California. The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Ligand Pharmaceuticals Inc. overstated the value of certain Deferred Tax Assets by approximately $27.5 million or 13%, that Ligand Pharmaceuticals Inc.’s outstanding convertible senior unsecured notes due 2019 should have been classified as short-term debt rather than long-term debt as of December 31, 2015, that Ligand Pharmaceuticals Inc. did not maintain effective controls over the accuracy and presentation of the accounting for income taxes related to complex transactions, that in turn, Ligand Pharmaceuticals Inc. lacked effective internal control over financial reporting, and that as a result, defendants’ statements about Ligand’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. 

Those who purchased Ligand Pharmaceuticals Inc. (NASDAQ:LGND) shares should contact the Shareholders Foundation, Inc. 

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.

Michael Daniels

+1 (858) 779-1554

mail@shareholdersfoundation.com

3111 Camino Del Rio North

Suite 423

San Diego, CA 92108

Primary Logo

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Holding(s) in Company

18/01/2017 15:41:28
For filings with the FCA include the annex   For filings with issuer..

HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc

18/01/2017 10:06:39
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Alliance Trust PLC : Transaction in Own Shares

18/01/2017 07:00:19
18 January 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 17 January 2017 the Comp..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Höegh LNG : New FSRU contract with HHI and contract allocation update
2
Global EFI Customers Jumpstart their Business Opportunities in 2017 at Sold-out Connect Conference
3
Neste rebrands its renewable diesel to Neste MY Renewable Diesel in North America
4
Höegh LNG : Signed firm agreement with Samsung Heavy Industries for its next series of FSRUs
5
Hingham Announces 21% Increase in Annual Earnings and 15.59% Return on Equity

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
18 January 2017 20:14:07
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170103.1 - EUROWEB1 - 2017-01-18 21:14:07 - 2017-01-18 20:14:07 - 1000 - Website: OKAY