NEW YORK, July 27, 2007 (PRIME NEWSWIRE) -- The Rosen Law Firm announced today that investors have ten days or until August 6, 2007 to request to serve as a lead plaintiff in the securities class action lawsuit on behalf of purchasers of Telik, Inc. ("Telik" or the "Company") (Nasdaq:TELK) common stock during the period from March 27, 2003 through June 4, 2007, inclusive (the "Class Period"). If you purchased Telik stock during the Class Period, including purchasers in the Company's November 5, 2003 and January 28, 2005 stock offerings, you may serve as a lead plaintiff in this securities class action.
To join the Telik class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. The Rosen Law Firm represents investors on a fully contingent basis.
UNTIL A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
The Complaint charges Telik and certain of its officers and directors with violations of the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12 and 15 of the Securities Act of 1933.
The Complaint asserts the Company misled investors about the effectiveness and safety of the Company's lead drug candidate TELCYTA and the conduct of certain clinical trials for TELCYTA. As a result of these alleged misrepresentations and omissions, the Complaint asserts that investors paid inflated prices for Telik stock.
If you wish to serve as lead plaintiff, you must move the Court no later than August 6, 2007. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca/