LOS ANGELES, CA / ACCESSWIRE / September 15, 2016 / Lundin Law PC (the "Firm") announces a class action lawsuit has been filed against Emergent BioSolutions, Inc. ("Emergent" or the "Company") (NYSE: EBS) concerning possible violations of federal securities laws between January 11, 2016 and June 21, 2016 (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm by the September 19, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, the Company issued materially false and misleading statements about its business and financial prospects, specifically relating to future lucrative contract renewals and demand from the U.S. government for its anthrax vaccine BioThrax. These statements caused the Company's common stock to trade at artificially inflated prices, which certain defendants were able to sell. On June 22, 2016, Emergent announced that the U.S. government issued notices that it would be purchasing fewer doses than investors were led to believe, and that when newer and faster next-generation anthrax vaccines are developed and approved, the Company would lose its procurement contract exclusivity. When this news was announced to the public, Emergent shares decreased in value, which caused investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.
Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
SOURCE: Lundin Law PC
ReleaseID: 445381
