Spectrum Pharmaceuticals, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed in the United States District Court for the District of Nevada against Spectrum Pharmaceuticals, Inc. (“Spectrum”) (NasdaqGS: SPPI) and several officers and directors for acts taken during the period of May 7, 2015 and October 23, 2015 (the “Class Period”).

If you lost more than $75,000.00 from shares purchased during the class period and wish to become proactively involved in the litigation, you are urged to contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via email at shareholder@powerstaylor.com, or call toll free at (877) 728-9607. Shareholders who suffered a loss during the class period have until January 4, 2016 to seek appointment as lead plaintiff. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that Spectrum made repeated false and misleading statements concerning the ability of Evomela to drive the Company’s revenue and provided assuring statements that the U.S. Food and Drug Administration (FDA) would approve its New Drug Application (NDA), allowing the drug to be marketed immediately. Then, on October 23, 2015, Spectrum announced that it had received a Complete Response Letter from the FDA in response to its New Drug Application seeking clearance for Evomela, indicating that the FDA cannot approve the application in its present form. Spectrum stock dropped significantly immediately following this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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