GERN LAWSUIT ALERT: Levi & Korsinsky Notifies Geron Corporation Investors of a Class Action Lawsuit and Upcoming Deadline
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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 stems from the company's statements about its drug Rytelo and subsequent stock price decline after revealing flattened growth due to seasonality, competition, and monitoring requirements.
March 25, 2025 | 11:15 pm
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Geron's stock experienced a 32% decline after announcing Rytelo's growth challenges, now facing a class action lawsuit questioning previous statements about the drug's potential.
The lawsuit directly targets Geron's statements about Rytelo, suggesting potential financial and reputational damage. The significant stock price drop and legal action indicate serious investor concerns about the company's disclosures.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100