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Vanda Pharmaceuticals Inc. (VNDA) & Stamps.com Inc. (STMP) - Bronstein, Gewirtz & Grossman, LLC Class Action

NEW YORK, NY / ACCESSWIRE / March 5, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Vanda Pharmaceuticals Inc. (VNDA)
Class Period: November 4, 2015 - February 11, 2019
Deadline:
April 26, 2019
For more info:
www.bgandg.com/vnda

The Complaint alleges that Defendants made materially false and misleading statement sand/or failed to disclose that: (1) Vanda was engaged in a fraudulent scheme in which it promoted the off-label use of Fanapt and Hetlioz; (2) the company was fraudulently receiving drug reimbursements from the government by abusing Medicare, Medicaid, and Tricare programs; (3) as a result of the scheme, Vanda faced legal action from the government; (4) Vanda's promotional materials for Fanapt and Hetlioz were false and misleading, garnering regulatory scrutiny from the U.S. Food and Drug Administration; and (5) as a result, defendants' statements about Vanda's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Stamps.com Inc. (STMP)
Class Period: May 3, 2017 - February 21, 2019,
Deadline:
April 29, 2019
For more info:
www.bgandg.com/stmp

The Complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose that: (1) the Company's financial results depended on the manipulation of a USPS program that cost USPS an estimated $235 million per year; and (2) as a result, the Company's business was unsustainable and its financial results were highly misleading.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/537760/Vanda-Pharmaceuticals-Inc-VNDA-Stampscom-Inc-STMP--Bronstein-Gewirtz-Grossman-LLC-Class-Action

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