Cases
MannKind Corporation (NASDAQ: MNKD)
Securities Class Action
Overview
Overview
- Date:
- 11/20/2017
- Company Name:
- MannKind Corporation
- Stock Symbol:
- MNKD
- Class Period:
- FROM 10/10/2017 TO 10/10/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Central California
NEW YORK, November 20, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired MannKind Corporation (NASDAQ: MNKD) securities on October 10, 0217 (the “Class Period”). Investors have until December 29, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On October 10, 2017, Wainwright, through an announcement publicized by Wainwright analyst, Livnat, initiated coverage of the MannKind stock with a “Buy” rating and a $7 per share price target. At the time of Wainwright’s statements, MannKind’s stock was trading at $5.33 per share. That night, MannKind announced a registered direct offering at an offering price of $6.00 per share. On this news, MannKind’s stock price fell to a close of $5.47 per share on October 11, 2011.
The lawsuit alleges that Defendants’ statements were materially misleading for failure to disclose that just 15 hours following Wainwright’s report on MannKind, MannKind would announce a registered direct offering.
If you purchased or otherwise acquired MannKind securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On October 10, 2017, Wainwright, through an announcement publicized by Wainwright analyst, Livnat, initiated coverage of the MannKind stock with a “Buy” rating and a $7 per share price target. At the time of Wainwright’s statements, MannKind’s stock was trading at $5.33 per share. That night, MannKind announced a registered direct offering at an offering price of $6.00 per share. On this news, MannKind’s stock price fell to a close of $5.47 per share on October 11, 2011.
The lawsuit alleges that Defendants’ statements were materially misleading for failure to disclose that just 15 hours following Wainwright’s report on MannKind, MannKind would announce a registered direct offering.
If you purchased or otherwise acquired MannKind securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.