Case Page

 

Case Status:    ONGOING    
On or around 10/27/2016 (Ongoing date of last review)

Filing Date: July 24, 2015

According to the law firm press release, the complaint alleges that throughout the Class Period, defendants made false and/or misleading statements that Xoma Corporation's EYEGUARD-B clinical trial would succeed and/or surpass expectations across the study's primary endpoint. On July 22, 2015, defendants revealed that the Phase 3 EYEGUARD-B study had failed. On this news, the price of Xoma stock declined by $3.48 per share, or over 79%, on extremely heavy trading volume.

Plaintiffs filed an amended complaint on July 8, 2016.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: XOMA
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-03425
JUDGE: Hon. Haywood S Gilliam, Jr
DATE FILED: 07/24/2015
CLASS PERIOD START: 11/06/2014
CLASS PERIOD END: 07/21/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (DC)
    1101 30th Street, NW; Suite 115, Levi & Korsinsky LLP (DC), DC 20007
    ·
  2. Punzalan Law, P.C.
    600 Allerton Street, Suite 201, Punzalan Law, P.C.
    650.362.4150 650.362.4151 ·
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 15-CV-03425
JUDGE: Hon. Haywood S Gilliam, Jr
DATE FILED: 07/08/2016
CLASS PERIOD START: 11/06/2014
CLASS PERIOD END: 07/21/2015
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