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AEterna Zentaris Inc, AEZS Securities Lawsuit


Company: AEterna Zentaris Inc,
Ticker Symbol: AEZS
Class Period: Feb-3-10 to Apr-1-12
Date Filed: Jun-15-12
Lead Plaintiff Deadline: Aug-14-12
Court: Southern District of New York
Allegations:
New York, NY: A securities class action lawsuit has been filed in the United States District Court for the Southern District of New York, Case No. 12-Civ-4711, on behalf of all persons who purchased AEterna Zentaris Inc. ("AEterna" or the "Company") securities between February 3, 2010 and April 1, 2012 inclusive (the "Class Period").

AEterna, AEterna's Chief Executive Officer Juergen Engel and AEterna's Chief Financial Officer Dennis Turpin are charged with violations of Section 10(b) and/or 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, 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.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

AEterna Zentaris Inc, AEZS Securities Fraud Legal Help

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Published on Jun-18-12


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