LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces a class action lawsuit has been filed against Cempra, Inc. (“Cempra” or the “Company”) (Nasdaq: CEMP). Investors who purchased or otherwise acquired shares between May 1, 2016 and November 1, 2016 (the “Class Period”), are encouraged to contact the firm in advance of the January 3, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, 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.
The Complaint alleges that during the Class Period, Cempra made false and/or misleading statements and/or failed to disclose that its drug solithromycin posed significant safety risks for hepatotoxicity, so the Company’s public statements were materially false and misleading at all relevant times. On November 2, 2016, the U.S. Food and Drug Administration posted a preliminary review on its website of solithromycin, highlighting a significant safety signal for hepatotoxicity. When this news was announced to the public, shares of Cempra fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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