BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased PolarityTE, Inc. (“PolarityTE” or the “Company”) (NASDAQ: COOL) securities between March 31, 2017 and June 22, 2018, inclusive (the “Class Period”). PolarityTE investors have until August 27, 2018 to file a lead plaintiff motion.
Investors that suffered losses on their PolarityTE investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to email@example.com.
On June 25, 2018, Citron Research published a report alleging that PolarityTE is a “fraud,” accusing it of failing to disclose that its key technology was rejected patent status by the United States Patent and Trademark Office. On this news, PolarityTE’s stock price fell, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about PolarityTE’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose material information pertaining to a number of topics, including: (1) the status of Patent #14/954,335 at the time it was acquired by PolarityTE on April 7, 2017 and the months following; (2) the updated status of Patent #14/954,335 after its June 4, 2018 final rejection by the U.S. Patent Trademark Office; and (3) as a result of the foregoing, PolarityTE’s publicly disseminated financial statements were materially false and misleading.
If you purchased shares of PolarityTE during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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