This lawsuit is for anyone who acquired securities in Acer Therapeutics, Inc. (NASDAQ: ACER) from September 25, 2017 through June 24, 2019.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, during the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors to believe that it would receive FDA approval for EDSIVO, a medication for the treatment of Ehlers-Danlos syndrome, when it knew that the FDA would not approve the drug because the clinical trials that the Company was performing were so inadequate that the Company would not be able to prove to the FDA that the drug was safe and effective regardless the outcome of the trials.
On June 25, 2019, the Company revealed that it received a Complete Response Letter from the FDA denying the Company's application until the Company conducted “an adequate and well-controlled trial” to prove that EDSIVO “reduces the risk of clinical events” in patients with vascular Ehlers-Danlos syndrome. On this news, the price of the Company's stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Acer Therapeutics, Inc. (NASDAQ: ACER) from September 25, 2017 through June 24, 2019 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Join the Class Action
First Name: *
Last Name: *
If Representing an Institution, Name of Institution:
If Representing an Institution, Position at Institution:
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.