Bronstein, Gewirtz & Grossman File Class Action Lawsuit Against Geron Corporation
In a significant development, Bronstein, Gewirtz & Grossman, LLC, a renowned law firm based in New York City, has announced the filing of a class action lawsuit against Geron Corporation (“Geron” or “the Company”) (NASDAQ: GERN) and certain of its officers. The lawsuit alleges that the Company and its executives violated the federal securities laws.
Class Definition
The lawsuit, which was filed in the United States District Court for the Northern District of California, seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Geron securities during the period from February 28, 2024, to February 25, 2025 (the “Class Period”).
Allegations
According to the complaint, Geron and its executives made false and misleading statements regarding the Company’s financial condition and business prospects. The lawsuit alleges that the defendants failed to disclose material information concerning Geron’s research and development efforts, including the progress of its therapeutic products, and the Company’s financial situation.
Impact on Individual Investors
If you purchased or otherwise acquired Geron securities during the Class Period, you may be eligible to participate in the class action lawsuit. It is essential that you take no action at this time, but keep any documents related to your transactions, including account statements and prospectuses, as they may be required by the court.
Impact on the World
The filing of this class action lawsuit against Geron Corporation is a reminder of the importance of transparency and accuracy in corporate communications. The lawsuit also highlights the role of securities class action lawsuits in protecting investors and holding corporations accountable for their actions.
Conclusion
The class action lawsuit filed against Geron Corporation by Bronstein, Gewirtz & Grossman, LLC, alleges securities law violations by the Company and its officers. The lawsuit seeks to recover damages on behalf of investors who purchased Geron securities during the Class Period. If you are an affected investor, it is important that you keep any relevant documents and do not take any action at this time. The filing of this lawsuit underscores the importance of transparency and accuracy in corporate communications and the role of securities class action lawsuits in protecting investors.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Geron Corporation and certain officers.
- Allegations of securities law violations during the Class Period from February 28, 2024, to February 25, 2025.
- Class Definition: All persons and entities that purchased or otherwise acquired Geron securities during the Class Period.
- Individual investors who purchased Geron securities during the Class Period may be eligible to participate in the class action lawsuit.
- The filing of this lawsuit highlights the importance of transparency and accuracy in corporate communications and the role of securities class action lawsuits in protecting investors.
