Faruqi & Faruqi Urges Geron Investors to Act Before Class Action Deadline Approaches

Urgent Notice to Geron Investors

Faruqi & Faruqi LLP, a prominent national law firm specializing in securities litigation, has put out an urgent alert to investors of Geron Corporation regarding an impending class action lawsuit. This legal action seeks to recover losses incurred by those who invested in Geron stock between February 28, 2024, and February 25, 2025. As the deadline to apply for the lead plaintiff position is set for May 12, 2025, affected investors are strongly encouraged to participate.

The Allegations Against Geron Corporation

The complaint against Geron has been filed due to allegations that the company and its executives have breached federal securities laws. It contends that misleading statements made by the defendants, including management’s confidence in Geron’s ability to fulfill market needs for its product, created an illusion of stability. However, adverse factors such as the burdensome weekly monitoring requirements for Rytelo, Geron’s drug, and competitive pressure were downplayed.

On February 26, 2025, following the release of disappointing financial results for Q4 of fiscal 2024, news broke that Rytelo’s sales growth had stagnated. Geron cited seasonality, competition, and a general lack of awareness about Rytelo as primary challenges. The aftermath of this announcement saw Geron’s stock plunge from $2.37 to $1.61 in a single day, a steep decline of over 32%. This price drop has intensified scrutiny from current and prospective investors.

Seeking Participation in the Class Action

The class action lawsuit allows investors who suffered losses exceeding $100,000 during the specified period to join the effort for justice. The court will appoint a lead plaintiff representing the collective interests of the class. Notably, any investor in the class can nominate themselves to lead the lawsuit with the help of their choice of legal counsel or opt to remain an absent class member. Interestingly, participating as a lead plaintiff doesn’t affect one's potential compensation should the lawsuit be successful.

Faruqi & Faruqi LLP is appealing to anyone with knowledge about Geron's practices—this includes whistleblowers, former employees, and shareholders—to come forward. Gathering comprehensive information will significantly bolster the case against Geron Corporation.

Conclusion

For those interested in joining the class action, as well as any parties wishing to remain informed about updates, additional details can be obtained by reaching out to Faruqi & Faruqi. They are committed to assisting investors in safeguarding their rights and seeking reparations for their financial losses. For inquiries or more information, affected investors can contact Josh Wilson at 877-247-4292 or visit www.faruqilaw.com/GERN.

Engaging in this class action not only represents a pursuit of personal justice but also plays a part in ensuring that corporations are held accountable for their actions. The coming weeks are crucial for Geron Corporation investors, making it paramount to act swiftly and be informed as the deadline approaches.

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