CLEVELAND--(BUSINESS WIRE)--Peiffer Rosca Wolf Abdullah Carr & Kane (“Peiffer Rosca Wolf”) is investigating potential violations of the U.S. federal securities laws by Cellular Biomedicine Group Inc. (“Company”) (NASDAQ:CBMG) relating to allegations that the Company may have issued materially false and misleading information to the investing public regarding the Company’s financial performance and its results of operations.
On April 7, 2015, Seeking Alpha released a report on Cellular Biomedicine Group, claiming that the Company: (i) achieved an unsustainable valuation with paid stock promotion; (ii) its “CAR-T” technology has experienced patient deaths and is worthless; (iii) that the Company’s founders face multiple allegations of dishonesty and are responsible for an alleged illegal offshore stem cell clinic; and (iv) the Company has multiple accounting and financial integrity issues.
As a result of this news, Cellular Biomedicine Group shares fell sharply on April 7, 2015, closing down $6.44 per share, or roughly 20%, to close at $25.78 per share on unusually heavy trading volume.
Peiffer Rosca Wolf is preparing a class action lawsuit to recover any losses that might have been suffered by Cellular Biomedicine Group investors. If you are a Cellular Biomedicine Group stockholder and you wish to discuss this investigation, or if you have questions about this notice or your legal rights, please visit the website at www.cbmginvestigation.com or contact Alan Rosca or James Booker toll free at 888-998-0520 or by email at firstname.lastname@example.org, or by filling out the contact form on our website, www.cbmginvestigation.com.
The Peiffer Rosca Wolf Abdullah Carr & Kane law firm represents individual and institutional investors who have suffered financial losses as a result of investment fraud or misconduct, Ponzi schemes, unsuitable investment recommendations, or abusive practices in the financial industry.
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