NEW YORK--(BUSINESS WIRE)--Scott + Scott, LLP, a global investor rights law firm, reminds investors that Monday, February 29, 2016 is the deadline for filing lead plaintiff papers in the securities lawsuit against Anavex Life Sciences (AVXL). To get information on filing lead plaintiff papers, go to: www.cases-scott-scott.com/anavex/. You can also contact Joseph Halloran at (646) 582-0121 or email email@example.com for information about the lead plaintiff deadline.
About the Lawsuit
The securities complaint alleges that Anavex issued misleading statements and failed to disclose that the Company had used a paid stock promoter to artificially inflate the Company’s share price. On December 29, 2015, Anavex disclosed that it had received a subpoena from the SEC on December 22, 2015. Anavex stated, in part, that “[t]he Company believes the subpoena and investigation relate to the recent unusual activity in the market for the Company’s shares.” Then on December 30, 2015, Seeking Alpha published a report entitled “Anavex: A Regulatory Target Damaged By Incriminating Evidence.” On this news, Anavex stock fell $0.78, or 12.42%, to close at $5.50 per share.
Scott + Scott, LLP has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. This release may be considered attorney advertising in some jurisdictions under the applicable laws and ethical rules.