Contact us today for a free case evaluation in the Agenus class action lawsuit
The Agenus class action lawsuit seeks to represent purchasers or acquirers of Agenus Inc. (NASDAQ: AGEN) publicly traded securities between January 23, 2023, and July 17, 2024, inclusive (the “Class Period”). Captioned Olsen v. Agenus Inc., No. 24-cv-12299 (D. Mass.), the Agenus class action lawsuit charges Agenus and certain of Agenus’ top executives with violations of theSecurities Exchange Act of 1934.
If you have suffered losses in Agenus stock and are interested in becoming the lead plaintiff in the Agenus class action lawsuit or have any inquiries regarding your rights as a shareholder, please reach out to Agenus Stock Loss Lawyer Timothy L. Miles at no cost. You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form below. Lead plaintiff motions for the Agenus class action lawsuit must be filed with the court no later than November 5, 2024.
allegations in the Agenus CLASS ACTION lawsuit
Agenus, a clinical-stage biotechnology company focused on immuno-oncology products, faces serious allegations in the Agenus class action lawsuit. Here are the main points: • Misleading Statements: Defendants allegedly made false and/or misleading statements throughout the Class Period. • Overstated Efficacy: The lawsuit claims the combination therapy of botensilimab and balstilimab was less effective than investors were led to believe. • Exaggerated Results: Clinical results, regulatory prospects, and commercial potential of botensilimab and balstilimab were allegedly overstated. • FDA Setback: On July 18, 2024, Agenus revealed that the FDA advised against submitting results for Accelerated Approval, citing concerns that "objective response rates may not translate to survival benefit." • Stock Price Plummet: Following the FDA news, Agenus stock price plunged nearly 59%, devastating investors. • Specific Products in Question:
Balstilimab: An anti-PD-1 antagonist for second-line cervical cancer treatment
Botensilimab (AGEN1181): An antigen 4 (CTLA-4) blocking antibody for pancreatic cancer and melanoma treatment
• Failed Disclosure: The lawsuit alleges that Agenus failed to disclose crucial information about the effectiveness of their combination therapy. • Investor Deception: Plaintiffs argue that investors were misled about the true potential of Agenus' key product candidates. • Regulatory Hurdles: The FDA's advice against submission for Accelerated Approval raises questions about the company's regulatory strategy. • Financial Impact: The dramatic stock price drop highlights the significant financial consequences of the alleged misrepresentations.
YOU HAVE TWO CHOICES IF YOU RECEIVE A NOTICE IN THE AGENUS CLASS ACTION LAWSUIT
First, read the notice very carefully. You have two choices.
Second, if you believe you have a large enough loss to justify it, you can opt out of the Agenus class action lawsuit and file your own separate lawsuit.
Note, that if you opt out, you will not be able to participate in any settlement or recovery obtained in the Agenus class action lawsuit.
THE LEAD PLAINTIFF DEADLINE IN THE CLASS ACTION against Agenus
Lead plaintiff motions for the Agenus class action lawsuit must be filed with the court no later than November 5, 2024. When a securities class action is filed such as the Agenus class action lawsuit:
Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
THE LEAD PLAINTIFF PROCESS IN THE Agenus class action LAWSUIT
Give Agenus stock loss lawyer Timothy L. Miles a call today about the Agenus class action lawsuit
Provide input on any decision concerning the settlement of the securities class action.
ELIGIBILITY CRITERIA FOR LEAD PLAINTIFF APPOINTMENT IN THE Agenus CLASS ACTION LAWSUIT
To be eligible for appointment as the lead plaintiff in the Agenusclass action lawsuit, an investor must meet the following criteria:
Securities Acquisition: The investor must have purchased or acquired Agenus securities during the Class Period, spanning January 23, 2023, and July 17, 2024.
Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Agenus and its executives.
Typicality and Adequacy: The investor's legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.
It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Agenusclass action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.
LEGAL REQUIREMENTS FOR PREVAILING IN THE Agenus CLASS ACTION LAWSUIT
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CONTINGENCY FEE ARRANGEMENTS AND COST CONSIDERATIONS
If you suffered losses in Agenus stock, call Timothy L. Miles today for a free case evaluation
Many securities litigation attorneys, including Timothy L. Miles, operate on a contingency fee basis, which means clients do not pay any upfront fees or costs. Instead, the attorney's fees and expenses are deducted from any settlement or judgment recovered on behalf of the class, typically as a court-approved percentage of the total recovery.
This arrangement ensures that investors can pursue their legal rights without bearing the financial burden of costly litigation, as the attorneys assume the risk and only receive compensation if they achieve a successful outcome for the class.
FREQUENTLY ASKED QUESTIONS
Can I serve as a lead plaintiff in the class action against Agenus if I purchases shares outside of the class period?
No. Even if you suffered losses in Agenus stock, if you purchased securities outside of the Class period, you will not be able to participate in the Agenus class action lawsuit.
Can I serve as a lead plaintiff in the class action against Agenus if I am serving as lead plaintiff in another securities fraud case?
Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Agenus stock, you may move to be appointed lead plaintiff in the Agenus class action lawsuit.
Can the court appoint more than one lead plaintiff in the Agenus lawsuit?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Agenus class action lawsuit
How do I know if I am a member of the class in the class action against Agenus?
If you purchased shares during the class period and suffered losses in Agenus stock, then you are most likely a member of the class in the Agenus class action lawsuit and may participate in the Agenus class action lawsuit since you suffered losses in Agenus stock.
Can I serve as lead plaintiff in the Agenus class action lawsuit if I sold my shares?
Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Agenusclass action lawsuit.
Resources for Investors in the AGENUS Class Action Lawsuit and Others
CONTACT Agenus STOCK LOSS LAWYER TODAY TIMOTHY L MILES TODAY ABOUT An Agenus CLASS ACTION LAWSUIT
If you suffered losses in Agenus stock, contact Agenus stock loss lawyer Timothy L. Miles today for a free case evaluation about a Agenus class action lawsuit. Call today and see what an Agenus stock loss lawyer could do for you if you suffered losses in Agenus stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
AGENUS CLASS ACTION LAWSUIT AGENUS STOCK LOSS LAWYER TIMOTHY L. MILES 300 CENTERVIEW DR, UNIT 247 BRENTWOOD, TN 27027 855-846-6528
FREE CASE EVALUATION: AGENUS TECHNOLOGY CLASS ACTION LAWSUIT If you suffered losses in Agenus stock, call Agenus stock loss lawyer Timothy L. Miles today for a free case evaluation about an Agenus class action lawsuit. 855-846-6528