Pomerantz Law Firm Files Class Action Against Replimune Group Over Alleged Securities Fraud

On September 13, 2025, Pomerantz LLP, a prominent legal firm specializing in corporate and securities law, announced a class action lawsuit against Replimune Group, Inc. This lawsuit targets investors who have suffered losses due to alleged securities fraud or other fraudulent business practices by the company and certain of its officers and/or directors.

Investors who acquired Replimune securities during the lawsuit's Class Period are encouraged to reach out to Pomerantz LLP. For those interested in joining, you'll need to contact Danielle Peyton via email or by telephone, providing details such as your mailing address, phone number, and the number of shares purchased to facilitate the process. Crucially, those wanting to be appointed as Lead Plaintiff have until September 22, 2025, to notify the court.

The impetus for this lawsuit stems from Replimune's announcement on July 22, 2025, regarding a Complete Response Letter (CRL) issued by the U.S. Food and Drug Administration (FDA). The CRL was a decisive blow for the company's Biologics License Application (BLA) for RP1 (vusolimogene oderparepvec), a treatment intended for advanced melanoma. The FDA expressed that the current application could not be approved as is, citing deficiencies in the IGNYTE trial's design, particularly the lack of adequate controls and the trial's patient population's diversity.

Following this FDA news, Replimune's stock plummeted by $9.52 per share, marking a staggering decrease of 77.24%, settling at $2.81 per share on the same day. This dramatic decline has raised substantial concern among investors, leading to the formation of the class action.

Pomerantz LLP has a storied history as a leading firm in class actions, especially those concerning securities. Founded by Abraham L. Pomerantz, who is widely recognized as a pioneer in securities class action litigation, the firm has recovered substantial damages for its clients over its lengthy existence, which spans over 85 years. Their commitment is clear; they continue to advocate for victims of corporate fraud and misconduct, fighting diligently to protect investors' rights.

For additional details about this class action, including how to join, interested investors can visit the Pomerantz LLP website. It is also noteworthy that participation in such a lawsuit does not require an upfront payment; legal fees are typically covered by any settlement or judgment awarded to the class.

As this situation unfolds, it stands as a reminder for investors of the potential risks inherent in stock market investments and the importance of due diligence when participating in financial markets. Keeping informed about the developments and outcomes of such lawsuits can aid investors in safeguarding their interests in the ever-evolving landscape of securities and corporate governance.

Topics Financial Services & Investing)

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