LOS ANGELES, May 10, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Corbus Pharmaceuticals Holdings, Inc. (“Corbus” or “the Company”) (NASDAQ: CRBP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between November 14, 2016 and February 28, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before May 13, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Corbus inappropriately changed the primary efficacy endpoint of its clinical trial for its drug candidate Lenabasum. The change took place after the trial’s results were unblinded to the Company. Corbus replaced the two-sided p-value traditionally reported in clinical trials with a one-sided p-value, in an effort to conceal the study result’s lack of statistical significance. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Corbus, investors suffered damages.
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