Posted by admin | Posted on 12-05-2013
Category : Stocks, World News
Tags: act, artificially, class, effect, exchange, laws, market, sections
OKLAHOMA CITY, OK–(Marketwired – May 12, 2013) – On May 9, 2013, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Ventrus Bioscences, Inc. (NASDAQ: VTUS). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is December 17, 2010 through June 25, 2012.
Read the rest here: Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Ventrus Bioscences, Inc. (NASDAQ: VTUS)