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Thread: Class Action Lawsuit Against InVivo

  1. #1

    Class Action Lawsuit Against InVivo

    hope this doesn't impede their research.

    http://finance.yahoo.com/news/invest...143200728.html

    http://finance.yahoo.com/news/shapir...173500682.html

    Shapiro Haber & Urmy LLP Announces It Filed the Securities Fraud Class Action Lawsuit Against InVivo Therapeutics Holdings Corp. (NVIV)

    BOSTON, Aug. 5, 2014 /PRNewswire/ -- The Boston, MA law firm Shapiro Haber & Urmy LLP filed a class action suit on July 31, 2014 against InVivo Therapeutics Holdings Corp. ("InVivo"), a Cambridge, MA company, and its former Chairman and CEO for violations of federal securities laws. The firm filed the complaint in the United States District Court for the District of Massachusetts, entitled Battle Construction Co., Inc. v. InVivo Therapeutics Holdings Corp., et al., C.A. No. 14-cv-13180.

    Shapiro Haber & Urmy LLP conducted a careful investigation before filing its Complaint, which alleges that the Defendants made false and misleading statements about the FDA's approval of a clinical trial and the time for completion of the trial and submission of data to the FDA. The Complaint alleges that these misstatements and omissions by Defendants misrepresented and/or omitted material facts to the investing public, in violation of Sections 10(b) and 20(a) of the Securities Exchange Act

    The class action is brought on behalf of all persons and entities who purchased common stock of InVivo from April 5, 2013 through August 26, 2013.

    If you purchased shares of InVivo common stock during the above time period, you may move the court to appoint you as lead plaintiff no later than 60 days from today.

    The factual and legal bases for the Plaintiff's claims are set forth in greater detail in the Complaint, which is available at Class Action Lawyer | Shapiro Haber & Urmy LLP, Boston, Massachusetts or can be obtained, without any obligation, from counsel for the Plaintiff, Shapiro Haber & Urmy LLP. More information about the law firm and its qualifications is available at Class Action Lawyer | Shapiro Haber & Urmy LLP, Boston, Massachusetts. If you would like more information about this case or you are interested in joining the suit, please contact the firm at the telephone numbers below or by email.

    Several other law firms have published notices announcing the filing of a law suit against InVivo.
    Shapiro Haber & Urmy LLP is the only firm that has investigated the company and has actually filed a complaint
    "I'm manic as hell-
    But I'm goin' strong-
    Left my meds on the sink again-
    My head will be racing by lunchtime"

    <----Scott Weiland---->

  2. #2
    If this succeeds it may result in the IP rights being sold to somebody who can carry the research. Statements made about future events of a public company have always been very dangerous territory.

  3. #3
    I am not surprised of this class action.

    Considering also this latest report for investors I see it very unlikely they can survive and get the scaffold on the market without some strong partner.

    https://www.youtube.com/watch?v=8mfnZcn2Xik

    They say they are working also toward chronic, but I don't believe it untill they present some strong evidence they are really doing that.

    Paolo
    In God we trust; all others bring data. - Edwards Deming

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