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Stanford Law School


AEterna Zentaris Inc.
Summary: According to the law firm press release, the complaint alleges that defendants mislead investors about the timing and success of AEterna’s clinical trial that tested whether the drug perifosine was effective in treating late stage colorectal cancer.

On April 2, 2012, AEterna shocked the market by disclosing that perifosine was ineffective in treating colorectal cancer. This news caused AEterna stock to drop approximately 66% by the close of the business day.

On September 4, 2012, the Court issued an Order appointing lead plaintiff and approving the selection of lead counsel.

On November 5, 2012, the Plaintiffs filed an Amended Complaint. On December 21, Plaintiffs followed with a Second Amended Complaint.

INDUSTRY CLASSIFICATION:
SIC Code: 2834
Sector: Healthcare
Industry: Biotechnology & Drugs


COMPANY/ISSUER NAME: AEterna Zentaris Inc.
COMPANY/ISSUER TICKER: AEZS
COMPANY WEBSITE: http://www.aezsinc.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE
Charles Austin, et al. v. AEterna Zentaris Inc., et al.
 COURT: S.D. New York  DOCKET NUMBER: 12-CV-04711
 JUDGE NAME: Hon. Castel
 DATE FILED: 06/15/2012  SOURCE: 
 CLASS PERIOD START: 02/03/2010  CLASS PERIOD END: 04/01/2012
 TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
 PLAINTIFF FIRMS NAMED IN COMPLAINT:
  • Faruqi & Faruqi LLP (New York)
      369 Lexington. Avenue, 10th Floor , New York, NY,
       (voice) 212..983.9330, (fax) 212..983.9331,
    _____________________________________________
     TOTAL NUMBER OF PLAINTIFF FIRMS:  1

  •  DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
    Class Action Complaint for Violation of the Federal Securities Laws
    Type: Complaint Date on the document: 06/15/2012
    U.S. District Court Civil Docket
    Type: Docket Date on the document: 06/15/2012
    Order Granting Gary Abely's Motion for Appointment as Lead Plaintiff and Approval of His Selection of Lead Counsel
    Type: Order Date on the document: 09/05/2012

    REFERENCE COMPLAINT
    Charles Austin, et al. v. AEterna Zentaris Inc., et al.
     COURT: S.D. New York  DOCKET NUMBER: 12-CV-04711
     JUDGE NAME: 
     DATE FILED: 11/05/2012  SOURCE: 
     CLASS PERIOD START: 06/01/2009  CLASS PERIOD END: 04/01/2012
     TYPE OF COMPLAINT: First Amended
     PLAINTIFF FIRMS NAMED IN COMPLAINT:
  • Faruqi & Faruqi LLP (New York)
      369 Lexington. Avenue, 10th Floor , New York, NY,
       (voice) 212..983.9330, (fax) 212..983.9331,
    _____________________________________________
     TOTAL NUMBER OF PLAINTIFF FIRMS:  1

  •  DOCUMENTS FOR THE REFERENCE COMPLAINT
    Amended Securities Class Action Complaint
    Type: Complaint Date on the document: 11/05/2012
    Second Amended Securities Class Action Complaint
    Type: Complaint Date on the document: 12/21/2012

     OTHER DOCUMENTS
    Case Name and/or Number: 
    Type:  Date on the document: 

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