Investor Alert: Hagens Berman Notifies Star Scientific, Inc. Investors of
Class Action and May 24th Lead Plaintiff Deadline
BERKELEY, Calif. -- March 28, 2013
Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, is
notifying investors in Star Scientific, Inc. (NASDAQ:STSI) (“STSI” or “the
Company”) of the filing of a securities class-action lawsuit seeking to
recover losses. Investors who have suffered losses may contact the firm by
If you purchased shares of STSI common stock 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, you may contact Hagens
Berman Partner Reed Kathrein, who is leading the firm’s investigation, by
calling 510-725-3000. You can 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 suggesting that STSI’s claim
that John Hopkins University was involved in clinical testing of the company’s
nutritional supplement anatabine was false. On March 18, 2013, STSI disclosed
that it 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’s investigation centers around whether STSI was aware of
possible issues, failed to disclose those issues as required by the securities
laws, and thus issued materially false or misleading statements to investors
during the class period.
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
About Hagens Berman
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
Firmani + Associates
Mark Firmani, 206-443-9357
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