NEW YORK, July 11, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court; further details about the cases can be found at the links provided.
Prothena Corporation (NASDAQ:PRTA)
Class Period: October 15, 2015 – April 20, 2018
Lead Plaintiff Deadline: July 16, 2018
According to the complaint, Prothena allegedly made materially false and/or misleading statements and/or failed to disclose that: relevant trial data showed that Prothena’s antibody NEOD001, designed to treat amyloid light chain amyloidosis (“AL amyloidosis”), was not an effective treatment; the Company made misleading comparisons of NEOD001’s “best response” rates against certain prior studies; and the Company touted Prothena’s ongoing Phase 1/2 study of NEOD001 as providing a strong basis for late-stage Phase 2b and Phase 3 studies of NEOD001, even though the full Phase 1/2 study data demonstrated that NEOD001 was not an effective treatment.
To learn more about the Prothena class action go to: http://www.zlk.com/pslra-d/prothena-corporation?wire=3.
A10 Networks, Inc. (NYSE:ATEN)
Class Period: February 9, 2016 - January 30, 2018
Lead Plaintiff Deadline: July 27, 2018
According to the complaint, A10 had issues with its internal controls that required an Audit Committee investigation; A10's revenues since the fourth quarter of 2015 were false due to improper revenue recognition, which prompted an investigation by the Company’s Audit Committee; and as a result, Defendants' public statements were materially false and misleading at all relevant times.
To learn more about the A10 class action go to: http://www.zlk.com/pslra-d/a10-networks-inc?wire=3.
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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Levi & Korsinsky, LLP
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