Lost Money on Geron Corporation(GERN)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
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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 claims the company misled investors about the growth potential of its drug Rytelo. After announcing flattened growth in Q4 2024, GERN's stock price dropped 32.07% in a single day, from $2.37 to $1.61 per share.
March 26, 2025 | 8:30 pm
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Potential class action lawsuit could impact investor sentiment and stock performance for Geron Corporation, highlighting risks around drug commercialization and investor communications.
The lawsuit alleges securities fraud, which could lead to financial penalties, reputational damage, and continued investor uncertainty. The significant stock price drop and legal challenge suggest potential continued negative market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100