NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of NantKwest, Inc. (NASDAQ:NK) resulting from allegations that NantKwest may have issued materially misleading business information to the investing public.
On March 11, 2016, NantKwest announced that its financial statements contained in the NantKwest’s quarterly reports on Form 10-Q for the quarters ended June 30, 2015 and September 30, 2015 should no longer be relied upon and NantKwest intends to restate them. The errors in the financial statements were primarily due to certain stock-based awards to NantKwest’s Chief Executive Officer and Executive Chairman and build-to-suit lease accounting related to one of its research and development and Good Manufacturing Practices facilities. On this news, shares of NantKwest fell sharply during intraday trading on March 11, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by NantKwest investors. If you purchased shares of NantKwest on or before March 10, 2016, please visit the firm’s website at http://rosenlegal.com/cases-857.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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