Class Action Lawsuit Filed Against Spectrum Pharmaceuticals

Strategic Insights -

Investors who purchased Spectrum Pharmaceuticals common stock between May 12, 2022, and September 22, 2022, may be entitled to compensation due to allegedly misleading statements made by the company regarding its PINNACLE Study. A law firm, Rosen Law Firm, has filed a class action lawsuit on behalf of investors and is reminding them of the lead plaintiff deadline of September 24, 2025. The lawsuit claims that Spectrum Pharmaceuticals made false or misleading statements to investors about the safety and efficacy of its poziotinib drug.

Key Takeaways:

  • The class action lawsuit was filed by Rosen Law Firm on behalf of investors who purchased Spectrum Pharmaceuticals common stock between May 12, 2022, and September 22, 2022.
  • The lawsuit alleges that Spectrum Pharmaceuticals made false or misleading statements to investors about the PINNACLE Study and the safety and efficacy of its poziotinib drug.
  • Investors who purchased Spectrum Pharmaceuticals common stock during the specified period may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
  • The lead plaintiff deadline is September 24, 2025, and investors must move the court to serve as lead plaintiff by then.
  • Rosen Law Firm has a track record of success in leadership roles and has recovered hundreds of millions of dollars for investors.
  • The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has been recognized by Lawdragon and Super Lawyers.

Statistics:

  • The lead plaintiff deadline is September 24, 2025.
  • The time period for which investors may be entitled to compensation is May 12, 2022, to September 22, 2022.
  • Rosen Law Firm has recovered over $438 million for investors in 2019 alone.
  • The number of securities class action settlements in 2017 ranked by ISS Securities Class Action Services was 1.
  • The number of times Rosen Law Firm was ranked in the top 4 each year since 2013 is 4.

Sources:

  • (GlobeNewswire)
  • https://rosenlegal.com/
  • https://www.linkedin.com/company/the-rosen-law-firm
  • https://twitter.com/rosen_firm
  • https://www.facebook.com/rosenlawfirm/