NEW YORK / ACCESSWIRE / January 3, 2019 / Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Tesaro, Inc. (TSRO) from November 4, 2016 through November 14, 2016, inclusive (the ''Class Period''). The lawsuit seeks to recover damages for Tesaro investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than January 8, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/tesaro-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at email@example.com.
To join the Tesaro class action, go to http://pawarlawgroup.com/cases/tesaro-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) notwithstanding the completion of Tesaro's July 2016 common stock offering, Tesaro's liquidity position was insufficient to meet its cash flow requirements and fund its existing operations; (2) accordingly, unbeknownst to investors, an additional public offering of Tesaro common stock was imminent; and (3) as a result, Tesaro's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Pawar Law Group represents investors from around the world.
SOURCE: Pawar Law Group