Class Action Lawsuit Against PepGen Inc.
The Gross Law Firm has recently alerted investors of PepGen Inc. (NASDAQ: PEPG) regarding a class action lawsuit that could potentially impact numerous shareholders. This notice primarily focuses on those who purchased shares during a specific timeframe, urging them to take swift action.
Important Details for Shareholders
Class Period
The class action involves shareholders who acquired PepGen shares from March 7, 2024, until March 3, 2025. If you purchased shares during this period, this notification is particularly relevant to you.
Allegations Against the Company
The lawsuit is centered on several allegations that claim PepGen misled investors in significant ways. The complaints suggest that during the class period, the company made materially false statements about its lead product candidate, PGN-EDO51. Specifically, investors were allegedly misled into believing that the product was more effective and safer than it turned out to be.
Furthermore, it is asserted that the CONNECT2 phase two study conducted by PepGen was not only dangerous but also deficient according to FDA approval standards. These allegations indicate that PepGen's statements regarding the prospects of PGN-EDO51 may have been inflated, suggesting that the company is likely to halt this study due to these issues.
Consequently, these misleading statements may have resulted in significant financial losses for investors, as the actual performance and safety of the product were not adequately disclosed. Due to the enormity of these claims, the Gross Law Firm is urging affected shareholders to come forward and join the class action.
Deadlines and Next Steps
The deadline for shareholders to register for this class action is August 8, 2025. This deadline is critical; potential lead plaintiffs are encouraged to register as soon as possible to seek recovery for any losses incurred due to these allegedly deceitful practices.
Once investors register, they will be automatically enrolled in a portfolio monitoring service that will keep them updated on the case's status. There's no cost associated with registration or participation in the class action, easing the burden on shareholders who may have already faced substantial losses.
Why Choose the Gross Law Firm?
The Gross Law Firm has established itself as a reputable class action law firm dedicated to protecting investor rights. Their mission is to hold companies accountable for deceptive practices that harm investors financially. Through their vast experience, they strive to ensure responsible business practices and corporate citizenship.
Their commitment to transparency and proper disclosure standards serves not only to benefit their clients but also to promote ethical standards across the business landscape. If you believe your rights as an investor have been violated, this firm presents a solid option for seeking resolution.
Contact Information
For further inquiries or to begin the registration process, shareholders are encouraged to reach out directly:
Don't miss out on your opportunity for potential recovery. Register now and stay informed as this case progresses. Your action could make a significant difference in the outcome of this class action lawsuit.