13/01/2018 01:00:00

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Aradigm Corporation (ARDM)

NEW YORK, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Aradigm Corporation (“Aradigm” or the “Company”) (NASDAQ:ARDM) in the United States District Court for the Northern District of California on behalf of a class consisting of investors who purchased or otherwise acquired Aradigm securities on the open market from July 27, 2017 through January 8, 2018, inclusive (the “Class Period”), seeking to recover compensable damages caused by Defendants’ violations of the Securities Exchange Act of 1934.

The Complaint alleges that Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the methodology underlying the Company’s Linhaliq Phase III clinical trials was not well tailored to yield consistent efficacy findings or to provide data sufficient to account for discordant efficacy findings; (2) the endpoint of the Phase III trials — namely, delaying the time to first exacerbation on study therapy compared to placebo over approximately one year of observation — was unlikely to demonstrate a clinically meaningful benefit with respect to a patient population that would likely be taking the drug for a longer duration; (3) accordingly, these studies were unlikely to support FDA approval of the Linhaliq NDA; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.  When the true details entered the market, the lawsuit claims that investors suffered damages.

Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm prior to the March 12, 2018 lead plaintiff motion deadline.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.

Please visit our website at http://www.gme-law.com for more information about the firm.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
15 Jul
VWS
  Her i sommervarmen har jeg kigget lidt på Vestas kvartalsregnskaber og udviklingen i driftsmargine..
45
18 Jul
ZEAL
Baronen du er kandidat til stoerste selvfede narrehat herinde, uanset hvor mange gange du gentager d..
21
17 Jul
EI
Kære brugere   Som i har bemærket, er der igen til morgen problemer med vores streaming. Realtidskur..
17
16 Jul
DANSKE
Har du fået nej til en kassekredit nede i Danske Bank ?
17
17 Jul
VWS
MHI Vestas har nu øget sin ordrebeholdning til over 5GW, og der kommer meget mere endnu, og til næst..
16
17 Jul
 
USA har den svageste og mest retarderede præsident, som de nogensinde har haft.
14
19 Jul
GOOGL
Trump er uduelig og Putin benytter alle muligheder for at sætte splid internt i US og alle andre ste..
12
18 Jul
ZEAL
Ja, du har sagt og skrevet meget, og da det ikke er bedre end nedenfor, så har det ikke den store ef..
12
20 Jul
 
Her kommer hele artiklen   KRONIK At banker som Danske Bank skal kende deres kunder er rimeligt. Men..
11
18 Jul
 
Dine reklamer afspejler din ageren på nettet. Tak dig selv for dine kinesiske reklamer
11

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against National Beverage Corp.
2
Pittsburgh International Airport Selects World-Renowned Architectural and Engineering Firms with Local Ties to Collaborate on Design of New Terminal
3
Sterling National Bank Grows Commercial Banking and Commercial Finance Teams with Key Hires
4
Hagens Berman Reminds Investors in Deutsche Bank Aktiengesellschaft (NYSE: DB) of the August 6, 2018 Securities Class Action Lead Plaintiff Deadline
5
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Papa John’s International, Inc. - PZZA

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
21 July 2018 11:01:14
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180712.1 - EUROWEB7 - 2018-07-21 12:01:14 - 2018-07-21 11:01:14 - 1000 - Website: OKAY