NEW YORK, July 03, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the District of Utah on behalf of all persons or entities that acquired shares of PolarityTE, Inc. (“PolarityTE” or the “Company”) (NASDAQ:COOL) between March 31, 2017 and June 22, 2018 (the “Class Period”), inclusive.
Investors who have incurred losses in the shares PolarityTE, Inc. of are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have incurred losses in the shares PolarityTE, Inc, you may, no later than August 27, 2018, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in PolarityTE, Inc.
The filed Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose:
- the status of Patent Number 14/954,335 at the time it was acquired by PolarityTE on April 7, 2017 and the months following;
- the updated status of Patent Number 14/954,335 after its June 4, 2018 final rejection by the U.S. Patent Trademark Office; and
- that as a result of the foregoing, PolarityTE’s publicly disseminated financial statements were materially false and misleading.
On June 25, 2018, Citron Research released a report calling PolarityTE a "fraud," and accused the Company of failing to disclose that its key technology has been rejected by the United States Patent and Trademark Office, just days before the Company’s Secondary Public Offering on June 5, 2018.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
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Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774