NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of Shattuck Labs, Inc. (NASDAQ:STTK) securities: (i) pursuant to and/or traceable to the registration statement and related prospectus issued in connection with Shattuck’s October 2020 IPO (the “IPO” or the “Offering”); and/or (ii) between October 9, 2020 and November 9, 2021, both dates inclusive (the “Class Period”). The lawsuit seeks damages for Shattuck investors under federal securities laws.
To join the Shattuck class action, go to http://www.rosenlegal.com/cases-register-2212.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
According to the lawsuit, documents supporting the IPO and defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (1) the collaboration agreement with Takeda was not solid; (2) Takeda and Shattuck would “by mutual agreement” terminate the collaboration agreement in essentially one year; (3) as a result, Shattuck would cease to receive any future milestone payments, royalties or other payments from Takeda; and (4) as a result, defendants’ statements regarding the Company’s business, operations and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.
A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than April 1, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2212.html or to discuss your rights or interests in this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or by email at [email protected] or [email protected]
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY AN ATTORNEY UNLESS YOU RETAIN ONE. YOU CAN RETAIN THE LAWYER OF YOUR CHOICE. YOU CAN ALSO REMAIN AN ABSENT MEMBER OF THE GROUP AND DO NOTHING AT THIS TIME. AN INVESTOR’S ABILITY TO SHARE ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT ON HIS PRINCIPAL APPLICANT SERVICE.
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Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013. Rosen Law Firm has achieved the highest securities class action settlement ever. against a Chinese company. Rosen Law Firm attorneys are rated and recognized by numerous independent and respected sources. Rosen Law Firm secured hundreds of millions of dollars for investors.
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