NEW YORK, Sept. 8, 2015 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds
investors that a securities class action has been filed in the
United States District Court for the Northern District of
California on behalf of those who
purchased shares of XOMA Corporation ("XOMA" or the "Company")
(NasdaqGM: XOMA), during the period between November 6, 2014 and July
21, 2015 inclusive. (the "Class Period").
The Lawsuit alleges that throughout the Class Period, defendants
made false and/or misleading statements that Xoma Corporation's
EYEGUARD-B clinical trial would succeed and/or surpass expectations
across the study's primary endpoint. On July
22, 2015, defendants revealed that the Phase 3 EYEGUARD-B
study had failed.
Following this news, the price of XOMA stock declined by
$3.48 per share, or over 79%, on
extremely heavy trading volume.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. If you suffered a loss in Xoma
you have until September 22, 2015 to
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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-reminds-investors-of-class-action-against-xoma-corporation-and-lead-plaintiff-deadline-september-22-2015-300138131.html
SOURCE Bronstein, Gewirtz & Grossman, LLC