NEW YORK, July 12, 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.
Sibanye Gold Limited (NYSE:SBGL)
Class Period: April 7, 2017 - June 26, 2018
Lead Plaintiff Deadline: August 27, 2018
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: Sibanye’s safety protocols were inadequate to prevent a high rate of worker death; Sibanye’s mining supervisors routinely forced Company employees to work in unsafe and unlawful conditions; the foregoing issues would foreseeably subject Sibanye to heightened regulatory oversight; and as a result, Sibanye’s public statements were materially false and misleading at all relevant times.
To learn more about the SBGL class action go to: http://www.zlk.com/pslra-d/sibanye-gold-limited?wire=3.
Flex Pharma, Inc. (NASDAQ:FLKS)
Class Period: November 6, 2017 - June 12, 2018
Lead Plaintiff Deadline: August 20, 2018
During the class period, Flex Pharma overstated the viability and approval prospects for its product candidate FLX-787 for the treatment of amyotrophic lateral sclerosis and Charcot-Marie-Tooth disease; and as a result, Flex Pharma's public statements were materially false and misleading at all relevant times. On June 13, 2018, Flex announced that it planned to halt its FLX-787 trials, citing oral tolerability concerns observed in both studies. Flex also said that it will restructure its organization to reduce costs, including reducing its workforce by approximately 60%, and that Flex's Board is exploring "strategic alternatives, including the potential sale or merger of the company." Following this news, Flex stock dropped $3.14 per share, or 75.12%, to close at $1.04 on June 13, 2018.
To learn more about the FLKS class action go to: http://www.zlk.com/pslra-d/flex-pharma-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
Joseph E. Levi, Esq.
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