Tricida Alert: Shareholder Class Action Survives in Part Motion to Dismiss; Should Management be Held Accountable for Shareholder Losses? Contact Johnson Fistel
Johnson Fistel, LLP is investigating potential claims on behalf of Tricida, Inc. (NASDAQ: TCDA) against certain of its officers and directors.
Recently a class action lawsuit was filed against Tricida. The class action lawsuit alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose: (i) Tricida’s NDA for veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (iii) as a result, Tricida’s public statements were materially false and misleading at all relevant times.
On July 29, 2022, the court granted in part and denies in part the motion to dismiss.
If you are a current, long-term shareholder of Tricida holding shares before September 4, 2019, you may have standing to hold Tricida harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. if you have continuously owned Tricida shares since September 4, 2019, you can click or copy and paste the link below in a browser to join this action:
If you are interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com