Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
 Investors of March 14, 2016 Lead Plaintiff Deadline - EconoTimes)
SAN FRANCISCO, Feb. 04, 2016 -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, alerts Esperion Therapeutics, Inc. (NASDAQ:ESPR) investors there is a March 14, 2016 lead plaintiff deadline in the securities fraud class action lawsuit filed against the Company related to the delayed approval of Esperion’s leading cholesterol drug.
If you suffered losses because of your purchases of Esperion securities between August 18, 2015 and September 28, 2015, contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation by calling 510-725-3000, emailing [email protected] or visiting https://www.hbsslaw.com/cases/ESPR. The lawsuit was filed in the U.S. District Court for the Eastern District of Michigan and investors have until March 14, 2016 to move the court to participate as a lead plaintiff.
Esperion Therapeutics is a pharmaceutical company focused on developing drugs to lower LDL cholesterol. According to the complaint, by early August 2015, Esperion completed Phase 2b clinical trials for its leading product candidate, ETC-1002, and was meeting with the FDA to discuss moving forward with the Phase 3 segment of the approval process. On August 17, 2015, Esperion relayed to investors material events from its meeting with the FDA, and stated that the FDA informed the company that it would not have to complete rigorous cardiovascular trials in order to gain approval of ETC-1002. Esperion further stated that the company was pleased with the outcome of the meeting and that the FDA gave it a “clear regulatory path forward for development and approval of ETC-1002.”
Then on September 28, 2015, Esperion reversed course about the FDA meeting, stating that the FDA had actually encouraged the company to initiate a cardiovascular trial and it may be necessary to complete these trials before ETC-1002 would be approved. On this news, Esperion stock fell by $16.76 per share, or nearly 50%, to close at $18.33 per share on September 29, 2015. The share price has continued to fall and currently trades below $15.00. The complaint alleges Esperion misled investors when they made statements about the FDA meeting that they reversed in later announcements.
Whistleblowers: Persons with non-public information regarding Esperion should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at (510) 725-3000 or email [email protected].
Hagens Berman is headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact: Reed Kathrein, 510-725-3000
