LOS ANGELES, June 28, 2017 /PRNewswire/ -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against ImmunoCellular Therapeutics, Ltd. ("ImmunoCellular" or the "Company") (NYSE MKT: IMUC) for possible violations of federal securities laws from May 1, 2012 through December 11, 2013, inclusive (the "Class Period"). Investors who purchased or otherwise acquired ImmunoCellular shares during the Class Period should contact the firm prior to the June 30, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at firstname.lastname@example.org.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may do nothing and be an absent class member as well.
According to the Complaint, during the Class Period, ImmunoCellular issued materially false and/or misleading statements, and/or failed to disclose that ImmunoCellular retained Lidingo Holdings, LLC to publish articles designed to unlawfully promote the Company; and that as a result of this scheme, the market was led to believe that the Company's clinical studies for its product candidate (ICT-107) was going well and the share price was artificially inflated. Following this news, the Company's stock price dropped materially, which harmed investors according to the Complaint. On April 10, 2017, the U.S. Securities & Exchange Commission announced enforcement actions against numerous individuals and entities, including ImmunoCellular, which engaged in stock promotion schemes.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles devoted to upholding shareholders' rights.
This press release may constitute Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.
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SOURCE Lundin Law PC