GERN Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Geron Corporation (GERN) - Contact Kessler Topaz Meltzer & Check, LLP
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Kessler Topaz Meltzer & Check, LLP has filed a securities class action lawsuit against Geron Corporation (GERN) alleging the company made false and misleading statements about its RYTELO product's market potential and revenue outlook. The lawsuit covers the period from February 28, 2024, to February 25, 2025, with a lead plaintiff deadline of May 12, 2025.
March 26, 2025 | 1:45 pm
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The securities fraud lawsuit challenges Geron's statements about RYTELO's market performance, potentially damaging investor confidence and the company's reputation.
The lawsuit alleges systematic misrepresentation of the company's product performance, which could lead to significant reputational and financial damage. The specific claims about false revenue projections and market penetration challenges could negatively impact investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100