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 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 26, 2025 | 1:45 am
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Class action lawsuit targets Geron's statements about Rytelo drug, alleging investors were misled about growth potential and market challenges.
The lawsuit and significant stock price drop suggest potential negative market sentiment and legal risk for Geron Corporation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100