SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky

April 01, 2016 15:00 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of NantKwest, Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of May 23, 2016 -- NK

NEW YORK, NY--(Marketwired - April 01, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of NantKwest, Inc. ("NantKwest" or the "Company") (NASDAQ: NKbetween September 10, 2015 and March 10, 2016.

You are hereby notified that a securities class action has been commenced in the USDC for the Central District of California. If you purchased or otherwise acquired NantKwest securities between September 10, 2015 and March 10, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/nantkwest.

The complaint alleges that throughout the class period, NantKwest issued false and misleading statements and or/failed to disclose that: (a) the Company's financial statements contained errors related to stock-based awards to its CEO and Executive Chairman, defendant Patrick Soon-Shiong; (b) the Company's financial statements contained errors related to build-to-suit lease accounting related to one of its research and development and good manufacturing practices facilities; and (c) the Company lacked effective internal financial controls.

If you suffered a loss in NantKwest you have until May 23, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/nantkwest.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT: 
    Levi & Korsinsky, LLP
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004 
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com