19 Days Remain before May 24, 2013, Lead Plaintiff Deadline in Investor Lawsuit against Star Scienti
19 Days Remain before May 24, 2013, Lead Plaintiff Deadline in Investor Lawsuit against Star Scientific Inc., Hagens Berman Reminds Investors
BERKELEY, Calif.--(BUSINESS WIRE)-- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, today reminded investors that only 19 days remain before the May 24, 2013, lead plaintiff deadline in a lawsuit filed on their behalf against Star Scientific, Inc. (NAS: STSI) ("STSI" or "the Company"). Those who have suffered losses are encouraged to contact Hagens Berman Partner Reed Kathrein, who is leading the firm's investigation, by emailing STSI@hbsslaw.com or calling (510) 725-3000.
STSI investors who purchased stock in the company between Oct. 31, 2011, and March 18, 2013, inclusive (the "Class Period"), suffered significant losses and wish to be a lead plaintiff in the pending class action may also contact Mr. Kathrein by submitting information at http://www.hb-securities.com/investigations/STSI.
Investors who wish to serve as lead plaintiff in the case must move the court no later than May 24, 2013. Any investor during the Class Period may file to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
On Jan. 23, 2013, The Street published an article alleging that STSI misled investors regarding claims that Johns Hopkins University took part in the clinical testing of the company's nutritional supplement Anatabine. The same article quoted a Johns Hopkins spokesperson who confirmed the university had no official involvement with STSI.
On March 18, 2013, STSI disclosed that it had received subpoenas in January and February of 2013 from the U.S. attorney's office and was conducting its own internal investigation into possible issues in the trading of its securities as far back as 2006.
Hagens Berman reminds whistleblowers with inside information that rewards may be available to individuals who report information leading to a successful enforcement action by the Securities and Exchange Commission. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com. The Firm's securities law blog is at http://www.meaningfuldisclosure.com.
Firmani + Associates
Mark Firmani, 206-443-9357
KEYWORDS: United States North America California
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