The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Allakos Inc. (ALLK) Investors
January 07 2020 - 6:58PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Allakos Inc. (“Allakos” or the “Company”) (NASDAQ: ALLK)
investors concerning the Company and its officers’ possible
violations of federal securities laws.
On December 18, 2019, Seligman Research published a report
alleging that the Company, among other issues, “buried the results
for the two AK001 studies it conducted,” has “a checkered history
of conducting small, low-credibility trials, marked by ...
discrepancies, omissions, cherry-picking, and other red flags,” and
engaged in “[f]lagrant nepotism in key clinical roles.”
On this news, the Company’s stock price fell $13.25, or nearly
10%, to close at $119.28 per share on December 18, 2019, thereby
injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Allakos securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067, at 310-914-5007, by email to
fcruz@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200107006132/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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