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RADNOR, PA — (NewMediaWire) — January 4, 2025 — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) notifies investors that it has been sued in a securities class action in the United States District Court. Western District of Texas v. Cassava Sciences (NASDAQ:), Inc. (Cassava) (NASDAQ: SAVA ) acquired Cassava Securities between February 7, 2024 and November 24, 2024, inclusive, on behalf of those who purchased or otherwise purchased (the Class Period). The lead plaintiff deadline is February 10, 2025.
Contact and verify Kessler Topaz Melzer, LLP:
If you have a cassava loss, click here or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/cassava-sciences-inc-2024?utm_source=PR&utm_medium=link&utm_campaign=sava&mktm=r
Also attorney Jonathan Nagy, Esq. Call (484) 270-1453 or email info@ktmc.com.
Accused of misconduct:
The complaint alleges that during the class period the defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the companies’ business, operations and prospects. Specifically, the defendants: (1) misrepresented and/or failed to advertise that the cassava drug simufilam was not capable of reducing Alzheimer’s disease, even in mild to moderate cases; and (2) as a result, the defendants’ representations about the companies’ business, practices and prospects are materially false and misleading and/or lack a reasonable basis at any time.
Lead Plaintiff Procedure:
After February 10, 2025, Cassava Investors may choose to appoint a class lead plaintiff representative through Kessler Topaz Meltzer & Check, LLP or other counsel, or choose to do nothing and remain a member of the absent class. A lead plaintiff is the representative party who leads the litigation on behalf of all class members. The lead plaintiff is usually the investor or a small group of investors with the largest financial interest and who are also sufficient and typical of the target investor class. The lead plaintiff selects counsel to represent the lead plaintiff and the class, and these attorneys are either lead or class counsel if approved by the court. Your ability to participate in any recovery will not affect the decision to serve as lead plaintiff or not.
Kessler Topaz Meltzer & Check, LLP encourages cassava investors who have experienced significant losses to contact the firm directly for additional information.
Click here to register for the case or go to: https://www.ktmc.com/new-cases/cassava-sciences-inc-2024?utm_source=PR&utm_medium=link&utm_campaign=sava&mktm=r
About KESSLER Topaz Meltzer & Czech, LLP:
Kessler Topaz Meltzer & Check, LLP litigates class actions in state and federal courts across the country and around the world. The firm has developed an international reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, defamation, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Contact:
Kessler Topaz Meltzer & Check, LLP
Jonathan Nagy, Esq.
(484) 270-1453
280 King of Prussia road
Radnor, PA 19087
info@ktmc.com
In some jurisdictions it may be considered a lawyer’s notice. Past results do not guarantee future results.
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