The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Geron Corporation (GERN) Shareholders
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The Gross Law Firm has filed a securities class action lawsuit against Geron Corporation (GERN) alleging misleading statements about Rytelo's growth potential. The lawsuit covers the period from June 7, 2024, to February 25, 2025, following a significant stock price drop after the company disclosed flattened drug growth due to seasonality, competition, and monitoring requirements.
March 26, 2025 | 3:30 pm
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Shareholders alleging that Geron misrepresented Rytelo's growth potential, leading to a 32% stock price decline after revealing market challenges.
The lawsuit directly targets Geron's stock, alleging material misrepresentations about Rytelo's market potential. The 32% stock price drop and potential legal liability suggest negative short-term market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100