People wait in line to be tested for Covid-19 at the Convention Center in downtown Baltimore, MD, on Friday, November 13, 2020. Photo: Diego M. Radzinschi/ALM COVID-19 Test Developer Hit With Securities Suit for Allegedly Concealing Delays
This suit was surfaced by Law.com Radar. Read the complaint here.
January 10, 2022 at 03:51 PM
1 minute read
Diagnostic test developer Talis Biomedical Corp. and certain officers and directors were hit with a securities class action Friday in California Northern District Court over the company's Feb. 2021 IPO. The court action, filed by Glancy Prongay & Murray and the Law Offices of Frank R. Cruz, accuses the defendants of concealing likely delays in the launch of a COVID-19 test. The suit also names JPMorgan, BofA Securities, Piper Sandler and BTIG in their roles as underwriters of the IPO. Counsel have not yet appeared for the defendants. The case is 3:22-cv-00105, Modrak v. Talis Biomedical Corporation et al.
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