Levi & Korsinsky Reminds Geron Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 12, 2025 - GERN
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Geron Corporation, alleging securities fraud between June 7, 2024, and February 25, 2025. The lawsuit centers on claims that the company misrepresented the growth potential and market prospects of its drug Rytelo. Following a financial results announcement on February 26, 2025, Geron's stock price dropped 32.07% in a single day, from $2.37 to $1.61 per share.
March 26, 2025 | 12:30 pm
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Geron Corporation is subject to a class action lawsuit alleging misleading statements about its drug Rytelo's market potential. The lawsuit coincides with a substantial stock price decline of 32.07%.
The class action lawsuit and significant stock price drop indicate serious investor concerns about Geron's corporate communications and drug performance. The legal action and negative financial disclosure suggest potential continued negative market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100