SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of
Investors of Prosensa N.V. - RNA
NEW YORK, July 25, 2014
NEW YORK, July 25, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims
on behalf of investors of Prosensa Holding N.V. ("Prosensa" or the "Company")
(NASDAQ: RNA). Such investors are advised to contact Robert S. Willoughby at
firstname.lastname@example.org or 888-476-6529, ext. 237.
The investigation concerns whether Prosensa and certain of its officers and/or
directors have violated Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934.
On September 20, 2013, The Company issued a joint press release with
GlaxoSmithKline, disclosing that drisapersen, the Company's first and lead
product candidate which Prosensa was developing in collaboration with
GlaxoSmithKline, had not met the primary endpoint in the Phase III study.
According to the press release, "[t]here was no treatment difference in key
secondary assessments of motor function: 10-meter walk/run test, 4-stair climb
and North Star Ambulatory Assessment."
On this news, shares of Prosensa fell $16.86 per share to $7.14, or
approximately 70%, in intraday trading on September 20, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP
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