Galena Biopharma, Inc. (NASDAQ: GALE)
Company Name:Galena Biopharma, Inc.
Stock Symbol:NASDAQ: GALE
Class Period Start:11/03/2014
Class Period End (inclusive):11/09/2015
According to the law firm press release, the lawsuit alleges throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Galena’s sales of Abstral were based on unsustainable sales and marketing practices; (2) such sales and marketing practices could subject Galena to a criminal investigation; and (3) as a result, Defendants’ statements about Galena’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.