Incyte Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Announce
Investigation of Possible Breaches of Fiduciary Duty
DALLAS -- March 14, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation
firm of Powers Taylor, LLP announce that the firms are investigating legal
claims against the officers and Board of Directors of Incyte Corporation
(“Incyte” or “Company”) (NasdaqGS: INCY) related to potential securities
violations between April 26, 2012 and August 1, 2012 (the “Class Period”).
If you are an affected investor and you want to learn more about the lawsuit
or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC,
(214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
email@example.com. There is no cost or fee to you.
In a recently filed federal class action complaint, Incyte and certain of its
officers and directors were charged with violating certain provisions of the
Securities Exchange Act of 1934. Specifically, the complaint alleges that
defendants misrepresented its business success and future business prospects
by misrepresenting and/or failing to disclose material aspects about the sales
and use of its drug Jakafi. Amongst other things the complaint alleges that
the Company made material misstatements in a press release issued on April 26,
2012 and in statements made by the company throughout the Class Period.
Further, when the Company announced a softer sales growth that originally
projected for 2Q 2012 and disclosed the true facts regarding the use and sales
of Jakafi, the shares of Incyte dropped dramatically.
“Recent revelations about alleged improper business practices and procedures
regarding key aspects of Incyte’s business and other misleading financial
statements have prompted the firms to investigate possible breaches of
fiduciary duties and other violations of state law by Incyte’s officers and
directors. Based on our investigation, we are prepared to pursue litigation to
preserve the company and the value of Incyte stock for all shareholders,” said
shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial
transaction, and public advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zachary Groover, 877-728-9607
Press spacebar to pause and continue. Press esc to stop.