Levi & Korsinsky Notifies Geron Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - GERN
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Geron Corporation (GERN) alleging securities fraud between June 7, 2024 and February 25, 2025. The lawsuit centers on allegedly misleading statements about Rytelo (imetelstat) drug launch and growth potential. Following a February 26, 2025 financial announcement revealing flattened drug growth, GERN's stock price dropped 32.07% in a single day.
March 23, 2025 | 2:45 pm
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NEGATIVE IMPACT
Class action lawsuit alleges securities fraud, focusing on potentially misleading statements about Rytelo drug's market potential. Stock experienced substantial price decline following financial disclosure.
The lawsuit and significant stock price drop suggest serious investor confidence issues, potential financial and legal risks for the company
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100