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 PolarityTE, Inc. (NASDAQ:COOL) resulting from allegations that PolarityTE may have issued materially misleading business information to the investing public.
On June 25, 2018, Citron Research published a report stating that PolarityTE is a “fraud” and detailed a series of red flags suggesting that the SEC should halt the stock immediately. Citron Research specifically reported that PolarityTE raised money based on a patent application that was rejected by the United States Patent and Trademark Office days before the Company’s offering. Citron Research further noted that PolarityTE failed to disclose its patent rejection in its subsequent SEC filings. On this news, PolarityTE’s stock fell sharply during intraday trading on June 25, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by PolarityTE investors. If you purchased shares of PolarityTE please visit the firm’s website at http://www.rosenlegal.com/cases-1366.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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