IRVINE, CA / ACCESSWIRE / May 17, 2016 / Khang & Khang LLP (the "Firm") announces that a class action lawsuit has been filed against NantKwest, Inc. ("NantKwest" or the "Company") (NASDAQ: NK). Investors who purchased or otherwise acquired shares between September 10, 2015 and March 10, 2016, inclusive (the "Class Period"), are encouraged to contact the Firm prior to the May 23, 2016, lead plaintiff motion deadline.
If you purchased shares of NantKwest during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, the Company made misleading statements and/or failed to disclose that: (1) NantKwest's fiscal statements contained errors related to stock-based awards to the Company's CEO and Executive Chairman defendant Patrick Soon-Shiong ("Soon-Shiong"); (2) NantKwest's financial statements contained errors related to build-to-suit lease accounting related to one of the Company's research and development and good manufacturing practices ("GMP") facilities; and (3) the Company lacked effective internal financial controls.
If you purchased shares of NantKwest during the Class Period, you have until May 23, 2016 to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Contact:
KHANG & KHANG LLP
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 440104
