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 Amarin Corporation plc (“Amarin” or “the Company”) (NASDAQ: AMRN) 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. Amarin touted the results of its REDUCE-IT trial for Vascepa, the Company’s cardiovascular disease drug candidate, while knowing the results were not as positive as it was representing them to be. The placebo given to the control portion of the trial may have led to an increased rate of cardiovascular events for those patients. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Amarin, investors suffered damages.
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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.
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