NEW YORK--(BUSINESS WIRE)--Scott + Scott, Attorneys at Law, 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). Anavex investors are encouraged to contact Scott + Scott at (866) 326-5057 to discuss their legal rights.
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.
What you can do
If you purchased shares of Anavex stock, you may have legal claims against the Company. If you wish to discuss the investigation, or have questions about your legal rights, please contact Geoffrey M. Johnson, Esq. or Joseph Halloran, Esq. by telephone at (866) 326-5057 or by email at firstname.lastname@example.org or email@example.com.
About Scott + Scott, Attorneys at Law, LLP
Scott + Scott has significant experience prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm has offices in New York, London, Connecticut, California and Ohio. Please visit www.scott-scott.com for more information about the firm.