Business

Acer Therapeutics Inc. (NASDAQ: ACER) Investor Lawsuit alleges Misleading Statements

An investor, who purchased shares of Acer Therapeutics Inc. (NASDAQ: ACER), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Acer Therapeutics Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Acer Therapeutics Inc. (NASDAQ: ACER) have certain options and for certain investors are short and strict deadlines running. Deadline: August 30, 2019. NASDAQ: ACER investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Acer Therapeutics Inc. (NASDAQ: ACER) common shares between September 25, 2017 and June 24, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 25, 2017 and June 24, 2019, the Defendants made false and/or misleading statements and/or failed to disclose that Acer lacked sufficient data to support filing EDSIVO’s NDA with the FDA for the treatment of vEDS, that the Ong Trial was an inadequate and ill-controlled clinical study by FDA standards, and was comprised of an insufficiently small group size to support EDSIVO’s NDA, that consequently, the FDA would likely reject EDSIVO’s NDA, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Acer Therapeutics Inc. (NASDAQ: ACER) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.