NEW YORK, Feb. 24, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at
Monteverde & Associates PC, a boutique securities firm
headquartered at the Empire State Building in New York City, announces that a class action
lawsuit has been filed in the U.S. District of Massachusetts against Inotek
Pharmaceuticals Corporation (NASDAQ: ITEK)("Inotek" or the
"Company") on behalf of purchasers of the Company's
securities between July 23,
2015 and December 30,
2016, inclusive (the "Class Period").
The lawsuit is based on Inotek making false and/or misleading
statements regarding the efficacy of its lead drug candidate for
glaucoma and the only product it is currently developing in its
pipeline, trabodenoson; and its attendant capacity to receive New
Drug Approval by the U.S. Food and Drug Administration.
Specifically, the lawsuit alleges that Inotek made positive
statements about trabodenoson despite knowledge that the MATrX-1
phase 3 clinical trial would fail to meet its primary endpoint.
When this information was revealed to the public, the value of
Inotek stock dropped, causing losses to its shareholders.
Mr. Monteverde would like to personally discuss with you how
to potentially recover your monetary losses, if incurred during the
Class Period.
If you wish to serve as lead plaintiff, you must move the Court
no later than March 7,
2017. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their
choice, or may choose to do nothing and remain an absent class
member.
Click here for more information:
http://monteverdelaw.com/securities/. It is free
and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed that has
recovered millions of dollars and is committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th
Floor
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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SOURCE Monteverde & Associates PC