Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Geron Corporation(GERN) Shareholders
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Levi & Korsinsky law firm has filed a securities class action lawsuit against Geron Corporation (GERN) alleging securities fraud between June 7, 2024, and February 25, 2025. The lawsuit claims that the company misled investors about the growth potential and risks associated with its drug Rytelo. Following a February 26, 2025 announcement about flattened drug growth, GERN's stock price dropped 32.07% in a single day.
March 22, 2025 | 10:15 pm
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The securities class action lawsuit alleges Geron misrepresented Rytelo's market potential, leading to a substantial stock price decline and potential financial and reputational damage.
The lawsuit directly targets GERN, alleging securities fraud. The 32% stock price drop and potential legal damages suggest significant negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100