Photo: BEST-BACKGROUNDS/Shutterstock New Derivative Lawsuit Is Filed Over SF-Based Kidney Drug Developer Share Price Drop
Misrepresentations made in SEC filings and communications with investors, the newest complaint alleges, led to San Francisco-based Tricida shares dropping from more than $26 to $4.37 between July and October of 2020, amounting to millions in market capitalization losses.
May 28, 2021 at 03:27 PM
3 minute read
Securities Litigation
The original version of this story was published on Delaware Business Court Insider
A third derivative suit has been filed against kidney drug developer Tricida Inc. in the U.S. District Court for the District of Delaware, alleging company leadership's misleading statements caused stock prices to plummet.
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