The Shareholders Foundation announces that an investor, who purchased NASDAQ:ARGS shares filed a lawsuit against Argos Therapeutics Inc over alleged Securities Laws in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Argos Therapeutics Inc (NASDAQ:ARGS) have certain options and for certain investors are short and strict deadlines running. Deadline: May 15, 2017. NASDAQ:ARGS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
Durham, NC based Argos Therapeutics Inc (NASDAQ:ARGS) is an immuno-oncology company that is focused on the development and commercialization of individualized immunotherapies for the treatment of cancer and infectious diseases based on its technology platform called Arcelis.
According to the complaint the plaintiff alleges on behalf of purchasers of Argos Therapeutics Inc (NASDAQ:ARGS) common shares between February 7, 2014 and February 21, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 7, 2014 and February 21, 2017 Argos Therapeutics Inc issued materially false and/or misleading statements, causing the stock to trade at artificially inflated prices; following the release of adverse information, shares of Argos Therapeutics Inc plummeted, damaging investors. In particular, the complaint alleges that Argos Therapeutics Inc issued materially false and/or misleading information regarding the success and potential of its drug candidate AGS-003 (rocapuldencel-T).
On February 22, 2017 Argos Therapeutics Inc announced that the Independent Data Monitoring Committee for the company’s pivotal Phase 3 ADAPT clinical trial of rocapuldencel-T in combination with sunitinib/standard-of-care for the treatment of metastatic renal cell carcinoma (mRCC) has recommended that the study be discontinued for futility based on its planned interim data analysis. Shares of Argos Therapeutics Inc (NASDAQ:ARGS) dropped from $4.80 per share on February 21, 2017 to as low as $1.25 per share on February 22, 2017.
Those who purchased NASDAQ:ARGS shares 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
mail@shareholdersfoundation.com