LEGAL GUIDES FOR INVESTORS
If you suffered losses in Brainstorm stock, contact Brainstorm stock loss lawyer Timothy L. Miles
The class action against Brainstorm Cell seeks to represent purchasers or acquirers of Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) publicly traded securities between August 15, 2022 and September 27, 2023, inclusive (the “Class Period”). Captioned Sporn v. Brainstorm Cell Therapeutics Inc., No. 23-cv-09630 (S.D.N.Y.), class action against Brainstorm Cell and certain of its top current executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Brainstorm Cell stock and wish to serve as lead plaintiff in the class action against Brainstorm Cell, please contact Brainstorm Cell Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the class action against Brainstorm Cell must be filed with the court no later than January 2, 2024.
Continue reading for answers to four frequently asked questions about the class action against Brainstorm Cell.
what are the allegations in the class action against Brainstorm Cell
Brainstorm Cell is a biotechnology company, which develops and commercializes autologous cellular therapies for the treatment of neurodegenerative diseases, including Amyotrophic Lateral Sclerosis, Progressive Multiple Sclerosis, Alzheimer’s disease, and other neurodegenerative diseases.
The class action against Brainstorm Cell alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Brainstorm Cell downplayed the severity of the U.S. Food and Drug Administration’s (“FDA”) refusal to file letter; and (ii) Brainstorm Cell continued to conceal the risks associated with the submission of its Biologics License Application.
The class action against Brainstorm Cell further alleges that on November 10, 2022, Brainstorm Cell issued a press release titled “BrainStorm Cell Therapeutics Receives Refusal to File Letter from FDA for its New Biologics License Application for NurOwn for the treatment of ALS.” The Brainstorm Cell class action lawsuit alleges that following this announcement, the price of Brainstorm Cell stock fell more than 42%.
The class action against Brainstorm Cell further alleges that on September 27, 2023, Brainstorm Cell announced that members of the FDA’s Cellular, Tissue, and Gene Therapies Advisory Committee voted 17 to 1 that there was not substantial evidence to show NurOwn’s effectiveness. The class action against Brainstorm Cell alleges that on this news, the price of Brainstorm Cell stock fell more than 48%.
CAN I BE APPOINTED LEAD PLAINTIFF IN THE BRAINSTORM CELL CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in Brainstorm Cell stock, if you purchased securities outside of the Class period, you will not be able to participate in the class action against Brainstorm Cell.
CAN I BE LEAD PLAINTIFF IN THE class action against Brainstorm Cell IF I AM LEAD PLAINTIFF IN ANOTHER CASE?
Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Brainstorm Cell stock, you may move to be appointed lead plaintiff in the class action against Brainstorm Cell.
CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE class action against Brainstorm Cell?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the class action against Brainstorm Cell.
HOW WAS THE CLASS PERIOD DETERMINED IN THE class action against Brainstorm Cell
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
In order to be a part of the class in the class action against Brainstorm Cell, you must have suffered losses in Brainstorm Cell stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Brainstorm Cell.
HOW CAN A BRAINSTORM CELL STOCK LOSS LAWYER HELP ME IF I SUFFERED LOSSES IN BRAINSTORM CELL STOCK?
A Brainstorm Cell stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals such as the class action against Brainstorm Cell. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, they have lost money due to mistakes, incompetence, or fraud by an investment professional.
While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence.
Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.
One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).
This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
CONTACT A BRAINSTORM CELL STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN BRAINSTORM CELL STOCK
If you suffered losses in Brainstorm Cell stock, contact Brainstorm Cell stock loss lawyer Timothy L. Miles today for a free case evaluation about a class action against Brainstorm Cell. Call today and see what a Brainstorm Cell stock loss lawyer could do for you if you suffered losses in Brainstorm Cell stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
Brainstorm Cell stock loss lawyer Timothy L. Miles
Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, 6Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
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