LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cocrystal Pharma, Inc. (“Cocrystal” or “the Company”) (NASDAQ: COCP) and of Cocrystal’s predecessor, BioZone Pharmaceuticals, Inc. (BioZone) 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.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The SEC filed a lawsuit on September 7, 2018, against former officers of Cocrystal’s predecessor company, BioZone, amongst other individuals and corporations. The SEC alleges that the defendants were participating in “highly profitable ‘pump-and-dump’ schemes . . . from 2013 through 2018” involving three public companies, including BioZone, that, “while enriching Defendants by millions of dollars, left retail investors holding virtually worthless shares.” Based on this news, Cocrystal’s share price fell by 14% on the same day.
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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.
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