A Deadline is coming up on March 15, 2016 in the lawsuit for investors in MannKind Corporation (NASDAQ:MNKD) and NASDAQ:MNKD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/08/2016 -- A deadline is coming up on March 15, 2016 in the lawsuit filed for certain shareholders in MannKind Corporation (NASDAQ:MNKD) over alleged securities laws violations by MannKind Corporation.
Investors who purchased shares of MannKind Corporation (NASDAQ:MNKD) have certain options and there are strict and short deadlines running. Deadline: March 15, 2016. NASDAQ:MNKD stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of MannKind Corporation (NASDAQ:MNKD) that the Defendants issued allegedly false and misleading statements to investors and/or allegedly failed to disclose that contrary to Defendants' assurances, the mandated pulmonary testing or spirometry was still a significant issue impeding sales of Afrezza, and as a result, Defendants' statements about MannKind's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On January 5, 2016, MannKind announced the termination of its licensing pact with Sanofi-Aventis in the U.S. for the development and sale of its inhaled insulin product Afrezza. On that same day,a news report stated that a Sanofi spokesman said Afrezza continued to suffer from a low level of prescriptions, despite substantial sales efforts. Shares of MannKind Corporation (NASDAQ:MNKD) declined from as high as $10.52 per share in June 2014 to as low as $0.64 per share on January 6, 2016.
Those who purchased shares of MannKind Corporation (NASDAQ:MNKD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego