NEW YORK, NY / ACCESSWIRE / May 19, 2016 / Bronstein, Gewirtz & Grossman, LLC, reminds investors of class action against Nantkwest, Inc. ("Nantkwest" or "the Company") (NASDAQ: NK). The class action has been filed on behalf of a class consisting of all persons or entities who purchased Nantkwest securities between July 28, 2015 through March 11, 2016, inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
The complaint alleges that throughout the Class Period, Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) NantKwest's financial statements contained inaccuracies related to stock-based awards to NantKwest's Chief Executive Officer and Executive Chairman defendant Patrick Soon-Shiong; (2) NantKwest's financial statements contained inaccuracies related to build-to-suit lease accounting related to one of NantKwest's research and development and good manufacturing practices facilities; (3) NantKwest had inadequate internal financial controls; and (4) consequentially, NantKwest's public statements were materially false and misleading at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, you can visit the firm's website: http://www.bgandg.com/#!nk/sll5d. To discuss this action, or if you have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in NantKwest you have until May 23, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
ReleaseID: 439655
