NEW ORLEANS, June 10, 2016 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 11, 2016 to file lead plaintiff applications in a securities class action lawsuit against NewLink Genetics Corporation (NasdaqGM: NLNK), if they purchased the Company's securities between September 17, 2013 and May 9, 2016, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of NewLink and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 11, 2016.
About the Lawsuit
NewLink and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 9, 2016, NewLink announced that its product candidate algenpantucel-L, a pancreatic cancer treatment, failed to achieve the primary endpoint in its Phase 3 study, conducted in patients with resected pancreatic cancer. NewLink further disclosed that patients treated with algenpantucel-L lived for a median of 27.3 months compared to median survival of 30.4 months for patients treated with standard therapy, suggesting that patients were actually harmed by NewLink's algenpantucel-L.
On this news, the price of NewLink's stock plummeted by over 30%.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC