NEW YORK, Aug. 11, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, reminds
investors in Celladon Corporation ("Celladon" or the "Company")
(NASDAQ:CLDN) of the August 31, 2015
deadline to seek the role of lead plaintiff in a federal securities
class action lawsuit filed against Celladon and certain officers.
The lawsuit has been filed in the United States District Court for
the Southern District of California, on behalf of a class consisting of
all persons or entities who purchased Celladon securities between
July 7, 2014 and June 25, 2015 (the "Class Period").
The investigation focuses on whether the Company and its
executives violated federal securities laws. On April 26, 2015, the Company reported that its
Phase 2b CUPID2 trial of the MYDICAR program did not meet its
primary and secondary endpoints. The Company had failed to disclose
that success in CUPID1 trial was not indicative of any success in
the CUPID2 trial since the CUPID1 trial was extremely small. After
the announcement, Celladon share price declined rapidly, falling
$10.78 or 78.80% during intraday
trading, to close at $2.90 on
April 27, 2015.
Furthermore, on June 26, 2015,
Celladon reported the suspension of research and development of the
MYDICAR program. Celladon had failed to disclose that the Company's
existence was tied to successful trial results and defendants were
aware of the program's limitations. On that same day, the Company
announced the possibility of liquidation. Following this news,
Celladon stock fell $0.85 or 38% to
close at $1.35 per share on June
26.
Request more information now by clicking
here: www.faruqilaw.com/CLDN. There is no cost or obligation
to you.
Take Action
If you invested in Celladon stock or options between
July 7, 2014 and June 25, 2015 and would like to discuss your
legal rights, visit www.faruqilaw.com/CLDN. You can also contact us
by calling Richard Gonnello toll
free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages
anyone with information regarding Celladon's conduct to contact the
firm, including whistleblowers, former employees, shareholders and
others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict
a similar outcome with respect to any future matter. We
welcome the opportunity to discuss your particular case. All
communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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