Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of
$100,000 Investing in Star Scientific, Inc. to Contact the Firm
NEW YORK, April 19, 2013 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading
national securities law firm, reminds Star Scientific, Inc. ("Star Scientific"
or the "Company") (Nasdaq:STSI) investors of the May 24, 2013 deadline to seek
the role of lead plaintiff in a federal securities class action lawsuit filed
against the Company and certain executives.
A complaint has been filed on behalf of all persons who purchased or otherwise
acquired Star Scientific securities between October 31, 2011 and March 18,
2013 (the "Class Period"). The action alleges that the Company
mischaracterized the involvement of Johns Hopkins Hospital ("Johns Hopkins")
in clinical testing of the Company's nutritional supplement Anatabine. On
January 23, 2013, financial news website TheStreet.com published an article
refuting claims that Star Scientific was conducting clinical trials with Johns
Hopkins. On this news, Star Scientific shares declined $0.31 per share or
nearly 12%, to close at $2.44 per share.
In January and February 2013, the Company received subpoenas from the US
Attorney's office investigating transactions in the Company's securities,
including related party transactions, dating back to 2006. On March 18, 2013,
the Company disclosed this investigation to investors, announcing that the
Company and its directors had received subpoenas from the US Attorney's
On this news Star Scientific shares declined an additional $0.35 per share, or
nearly 18%, to close at $1.63 on March 19, 2013.
Request more information now by clicking here:www.faruqilaw.com/STSI. There
is no cost or obligation to you.
If you invested in Star Scientific stock or options within the Class Period
between October 31, 2011 and March 18, 2013 and would like to discuss your
legal rights, visit www.faruqilaw.com/STSI. You can also contact us by calling
Richard Gonnello or Francis McConville toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to email@example.com or
firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with
information regarding Star Scientific's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising.The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.We welcome the
opportunity to discuss your particular case.All communications will be
treated in a confidential manner.
CONTACT: FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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