Class Action Filed Against Geron Corporation (GERN) Seeking Recovery for Investors - Contact Levi & Korsinsky
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A class action lawsuit has been filed against Geron Corporation (GERN) alleging securities fraud between June 2024 and February 2025. The lawsuit claims the company misled investors about the growth potential and commercial prospects of its drug Rytelo. Following a financial results announcement that revealed flattened drug growth, GERN's stock price dropped 32.07% in a single day, prompting legal action by shareholders.
March 27, 2025 | 12:45 am
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The class action lawsuit alleges Geron misrepresented Rytelo's market potential, leading to a 32% stock price decline when true performance was revealed.
The lawsuit directly targets GERN, alleging securities fraud. The significant stock price drop and legal action suggest negative short-term market sentiment and potential financial liability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100