NEW YORK, Oct. 21, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a class action lawsuit has been filed on behalf of purchasers of Retrophin, Inc. stock (Nasdaq:RTRX) during the period from March 27, 2014 through September 30, 2014. The lawsuit seeks to recover investors' losses by asserting claims under the federal securities laws.
To join the Retrophin class action, visit the firm's website at http://rosenlegal.com/cases-405.html, or call Phillip Kim or Kevin Chan toll-free at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Retrophin and certain of its officers and directors failed to disclose material adverse facts about, among other things: (i) Retrophin's founder and Chief Executive Officer, Martin Skreli, committed stock-trading irregularities and other violations of securities rules; and (ii) such irregularities included grants of shares in violation of the Company's Incentive Compensation Plan and the failure to disclose stock grants to employees. When this adverse information was revealed, Retrophin's share price fell sharply, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than December 19, 2014. If you wish to join the litigation and recover your losses go to http://rosenlegal.com/cases-405.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.