LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against CorMedix, Inc. (“CorMedix” or the “Company”) (NYSE: CRMD), for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares between March 12, 2011 and July 29, 2015, inclusive (the “Class Period”), have until September 4, 2015 to serve as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
CorMedix is a biopharmaceutical company that in-licenses, develops and markets products for the treatment of cardiac, renal, and infectious diseases. According to the complaint, on June 29, 2015, SeekingAlpha.com published a report on CorMedix alleging, among other things, that: (1) CorMedix’s main product is based on a 1970s-era catheter product acquired for less than $1 million in a bankruptcy sale, apparently after at least two failed sales processes; (2) CorMedix's market size claims are greatly exaggerated; and (3) CorMedix is touting misleading clinical-data, as in-depth industry research shows its Neutrolin/Taurolidine product is a failure and “40% benefit!” versus industry standards is inaccurate. On June 29, 2015, shares of CorMedix fell over 16% as a result of the news.
If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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