UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Notifies Investors of Class Action
Against INTERCEPT PHARMACEUTICALS, INC. and Its Board of Directors and a Lead
Plaintiff Deadline of April 22, 2014 -- ICPT
NEW YORK, Feb. 25, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a
class action lawsuit has been commenced in the United States District Court
for the Southern District of New York on behalf of investors who purchased
Intercept Pharmaceuticals, Inc. ("Intercept" or the "Company") (Nasdaq:ICPT)
common stock between January 9, 2014 and January 10, 2014.
For more information, click here:
On January 9, 2014, Intercept announced that its Phase 2 trial of drug
compound obeticholic acid (OCA) had been stopped early based on interim
analysis showing that the primary endpoint had been met. Upon this news,
shares of Intercept surged over 500 percent. Then on January 10, 2014, the
National Institutes of Health issued a statement noting that while the
efficacy primary endpoint had been met, participants in the study who had
received OCA experienced "lipid abnormalities," including higher levels of
"bad" LDL cholesterol. On this news, Intercept stock dropped from its $445.83
per share closing price on January 10, 2014 to close at $255.12 per share on
January 14, 2014.
If you suffered a loss in Intercept you have until April 22, 2014 to request
that the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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