NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces the filing
of a class action lawsuit on behalf of purchasers of the securities of
Trevena, Inc. (NASDAQ: TRVN) from May 2, 2016 through October 8, 2018,
inclusive (the “Class Period”). The lawsuit seeks to recover damages for
Trevena investors under the federal securities laws.
To join the Trevena class action, go to https://www.rosenlegal.com/cases-1429.html
or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at
866-767-3653 or email firstname.lastname@example.org
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN
ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD
According to the lawsuit, defendants throughout the Class Period made
false and/or misleading statements and/or failed to disclose that: (1)
Trevena misled its shareholders into believing that its April 28, 2016
End-of-Phase 2 Meeting with the U.S. Food and Drug Administration
(“FDA”) for its drug candidate, Oliceridine, was far more successful
than it actually was; (2) the FDA did not agree with the proposed dosing
in the Phase 3 studies, the proposed primary endpoint, and the proposed
non-inferiority margin for comparing morphine to Oliceridine; and (3) as
a result, defendants’ public statements were materially false and
misleading at all relevant times. On this news, shares of Trevena
plummeted $1.91 per share, or over 64%, to close at $1.07 per share on
October 9, 2018.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than December 10, 2018.
A lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. If you wish to join the
litigation, go to https://www.rosenlegal.com/cases-1429.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law
Firm toll free at 866-767-3653 or via e-mail at email@example.com
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013.
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
275 Madison Avenue, 34th Floor
York, NY 10016
Toll Free: 866-767-3653