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Class Action Lawsuit Against Bolt Biotherapeutics, Inc.

New York, NY / ACCESSWIRE / September 1, 2024

Pomerantz LLP announces that a class action lawsuit has been filed against Bolt Biotherapeutics, Inc. (“Bolt” or the “Company”) (NASDAQ:BOLT) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 24-cv-03985, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Bolt securities between February 5, 2021 and May 14, 2024, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

The allegations in the class action lawsuit against Bolt Biotherapeutics, Inc. are serious and could have a significant impact on the company and its shareholders. The lawsuit claims that certain officers of the company violated federal securities laws by engaging in fraudulent activity between February 5, 2021 and May 14, 2024. If these allegations are proven to be true, it could result in substantial damages for the company and its investors.

Investors who purchased Bolt securities during the Class Period may be entitled to recover damages if the allegations of securities fraud are substantiated. It is important for investors to stay informed about developments in the lawsuit and seek legal counsel if they believe they have been affected by the alleged misconduct.

Overall, this class action lawsuit highlights the importance of transparency and compliance with securities laws in the corporate world. It serves as a reminder that investors should always conduct thorough due diligence before investing in any company and be aware of the potential risks involved.

Impact on Me

As an investor who may have purchased Bolt securities during the Class Period, this lawsuit could have a direct impact on my financial interests. If the allegations of securities fraud are proven true, I may be entitled to recover damages for any losses incurred as a result of the fraudulent activity.

Impact on the World

The outcome of the class action lawsuit against Bolt Biotherapeutics, Inc. could have broader implications for the world of corporate finance and investor confidence. If the allegations of securities fraud are substantiated, it could lead to increased scrutiny of other companies and potentially impact overall market sentiment.

Conclusion

In conclusion, the class action lawsuit against Bolt Biotherapeutics, Inc. raises important questions about corporate governance and investor protection. It is essential for investors to stay informed about developments in the case and consider their legal options if they believe they have been affected by the alleged misconduct. Ultimately, this lawsuit serves as a reminder of the importance of transparency and accountability in the financial markets.

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