LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against PolarityTE, Inc. (“PolarityTE” or ''the Company'') (NASDAQ: COOL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between March 31, 2017 and June 22, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before August 27, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.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.
According to the Complaint, the Company made false and misleading statements to the market throughout the class period. PolarityTE failed to disclose the status of Patent #14/954,335 at the time it was acquired by PolarityTE on April 7, 2017 and in the following months. The Company didn’t disclose the updated status of the patent after its final rejection by the U.S. Patent Trademark Office on June 4, 2018. Based on these facts, the Company’s public comments and financial statements were materially false and misleading. When the market learned the truth about PolarityTE, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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