SAN DIEGO, March 22, 2022 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in Cabaletta Bio, Inc. (NASDAQ: CABA) shares.
Investors who have losses of over $50,000 from their investment in shares of Cabaletta Bio, Inc. (NASDAQ: CABA) have certain options and there are short and strict deadlines running. Deadline: April 29, 2022. NASDAQ: CABA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 28, 2022, a lawsuit was filed against Cabaletta Bio, Inc over alleged securities laws violations. The plaintiff alleges that the Offering Documents that were filed in connection with the Company's initial public offering conducted on or about October 24, 2019 and that the Defendants between October 24, 2019 and December 13, 2021 made false and/or misleading statements and/or failed to disclose that top-line data of the Phase 1 Clinical Trial indicated that DSG3-CAART had, among other things, worsened certain participants' disease activity scores and necessitated additional systemic medication to improve disease activity after DSG3-CAART infusion, that accordingly, DSG3-CAART was not as effective as the Company had represented to investors, that therefore, the Company had overstated DSG3-CAART's clinical and/or commercial prospects, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Cabaletta Bio, Inc. (NASDAQ: CABA) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
