Case Page

 

Case Status:    ONGOING    
On or around 10/31/2017 (Ongoing date of last review)

Filing Date: July 09, 2015

According to the law firm press release, the lawsuit alleges Defendants made materially false and/or misleading statements and failed to disclose that Phase 2a of the AVA-101 study was not designed to show any statistical significance between the active and control groups in the secondary endpoints. When the true details entered the market, the lawsuit claims that investors suffered damages.

On December 17, 2015, the Court appointed lead plaintiff and approved the selection of lead counsel. Lead plaintiff filed the consolidated complaint on January 29, 2016.

On November 3, 2016, the Court issued an Order granting Defendants' Motions to Dismiss. Plaintiffs were given leave to file an amended complaint. An amended complaint was filed on December 2, 2016.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AAVL
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 15-CV-03185
JUDGE: Hon. Samuel Conti
DATE FILED: 07/09/2015
CLASS PERIOD START: 07/31/2014
CLASS PERIOD END: 06/15/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
    355 South Grand Ave, Suite 2450, The Rosen Law Firm, P.A. (New Los Angeles), CA 90071
    (213) 785-2610 (213) 226-4684 ·
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 15-CV-03185
JUDGE: Hon. Samuel Conti
DATE FILED: 12/02/2016
CLASS PERIOD START: 07/31/2014
CLASS PERIOD END: 06/15/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
No Document Title Filing Date