Recent Security Class Actions

Reata Pharmaceuticals Inc. Class A Common Stock (NASDAQ: RETA)

Company Name:Reata Pharmaceuticals Inc. Class A Common Stock
Stock Symbol:NASDAQ: RETA
Class Period Start:11/14/2016
Class Period End (inclusive):12/08/2021

According to the Complaint, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the FDA had raised concerns regarding the validity of the clinical study designed to measure the efficacy and safety of bardoxolone for the treatment of chronic kidney disease caused by Alport syndrome; (2) that, as a result, there was a material risk that Reata’s NDA would not be approved; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business,
operations, and prospects were materially misleading and/or lacked a reasonable basis.