Brainstorm Cell Therapeutics Inc.
A securities class action has been filed in the USDC – S.D. N.Y. against Brainstorm Cell Therapeutics Inc. (BCLI) (“Brainstorm” or the “Company”), on behalf of a class consisting of all persons and entities that purchased or otherwise acquired Brainstorm securities between August 15, 2022 through September 27, 2023, both dates inclusive (the “Class Period”).
According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that:
- Brainstorm Cell downplayed the severity of the Food and Drug Administration’s (“FDA”) refusal to file letter;
- Brainstorm Cell continued to conceal the risks associated with the submission of the biologics license application (“BLA”); and
- as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.
If you purchased Brainstorm securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.
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Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
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