Credit: Timon/Adobe Stock Who Got the Work: Fenwick and West to Steer Defense in Securities Class Action Against Vaccine Maker Gritstone
A complaint filed on June 17 by Pomerantz in the California Northern District Court alleged that Gritstone bio Inc., which develops vaccines and immunotherapies for cancer and infectious diseases, misled investors about the timeline of a proposed COVID-19 vaccine study in earnings calls, news releases and U.S. Securities and Exchange Commission filings.
July 09, 2024 at 10:35 AM
4 minute read
Litigation
What You Need to Know
- Catherine Kevane, a securities litigation attorney at Fenwick & West, entered an appearance for Gritstone bio Inc. in a pending securities class action.
- The original complaint, filed by Pomerantz on June 17 in the California Northern District Court, alleges that Gritstone defrauded investors about the timeline of a proposed study for its COVID-19 vaccine candidate.
- Gritstone failed to launch the study by its proposed deadline and, as a result, was forced to slash its workforce and experienced a decline in its stock price.
Catherine Kevane, a partner at Fenwick & West, on July 2 entered an appearance for Gritstone bio Inc. in a pending securities class action.
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