Investors Affected by Geron Corporation Lawsuit Encouraged to Contact Levi & Korsinsky

Investors Encouraged to Act on Geron Corporation Class Action

Recent news brings to light a significant opportunity for investors of Geron Corporation (NASDAQ: GERN) who have suffered financial losses. The law firm Levi & Korsinsky, LLP has officially initiated a class action securities lawsuit aimed at protecting the interests of investors affected by this situation.

What Happened?

From February 28, 2024, to February 25, 2025, Geron Corporation allegedly misled investors regarding its product, Rytelo (imetelstat). The lawsuit claims that the company provided optimistic forecasts about the drug's market potential without properly disclosing the associated risks, including the challenges posed by competition and the drug’s monitoring requirements.

On February 26, 2025, the company revealed disappointing fourth-quarter fiscal 2024 results, showing a significant decline in Rytelo's growth due to various factors, such as seasonality and market competition. Following this announcement, Geron's stock price plummeted by approximately 32% in just one day, falling from $2.37 to $1.61 per share.

The Legal Relief Available

If you invested in Geron during the relevant period and experienced losses, you have until May 12, 2025, to petition the Court to be named as a lead plaintiff in the case. Importantly, participation in the lawsuit does not require you to have this designation to be eligible for any recovery. Levi & Korsinsky assures that there are no financial burdens associated with involvement; class members potentially stand to gain compensation without incurring out-of-pocket costs.

Levi & Korsinsky's Track Record

Levi & Korsinsky is well-regarded for its expertise in securities litigation, boasting two decades of significant recoveries for investors. The firm has been consistently recognized among the top securities litigation firms in the U.S., having secured hundreds of millions of dollars for clients across numerous high-stakes cases.

Next Steps for Affected Investors

Interested parties should reach out to Levi & Korsinsky promptly to discuss their legal rights and options regarding the Geron class action. Investors can fill out a submission form here, or contact attorney Joseph E. Levi directly via email or phone for personalized assistance.

Conclusion

The clock is ticking for impacted investors. Lawsuits like this provide a means for individuals to seek redress for financial harm stemming from corporate misrepresentation. Those who believe they may qualify are encouraged to take action and secure their rights now while the opportunity remains.

For further details, you may contact Levi & Korsinsky at: