SOURCE: Kahn Swick & Foti, LLC

Kahn Swick & Foti

July 22, 2016 22:07 ET

JUNO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Juno Therapeutics, Inc. - JUNO

NEW ORLEANS, LA--(Marketwired - July 22, 2016) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 12, 2016 to file lead plaintiff applications in a securities class action lawsuit against Juno Therapeutics, Inc. (NASDAQ: JUNO), if they purchased the Company's securities between June 4, 2016 and July 7, 2016, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Washington.

What You May Do

If you purchased shares of Juno and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 12, 2016.

About the Lawsuit

Juno and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

In May 2016, a patient in the Phase 2 trial of Juno's lead product candidate died, after which Juno consulted with the FDA. In June, Juno issued a press release that touted "[l]ower side effects" and made partial, misleading disclosures-revealing that "Grade 3 or higher neurotoxicity was observed in 15/51 (29%) patients" in a Phase 1 trial, but did not disclose the patient death. Then, two other patients died in late June and early July, after which the FDA issued a clinical hold. On this news, the value of Juno's stock plummeted.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact Information

  • Contact:
    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447