SUEWALLST, LLP: INSTITUTIONAL RGNX HOLDERS FACE PORTFOLIO LOSSES FROM GENE THERAPY FRAUD
Notice to Pension Funds, Asset Managers, and Fiduciaries
RGNX shares declined
Notice to Institutional Holders
Pension funds, mutual funds, and asset managers that held RGNX positions during the Class Period should assess whether fiduciary obligations require evaluation of recovery options. A securities class action has been filed in the
Fiduciary Obligations and Recovery Options
- Institutional holders with fiduciary duties may be obligated to evaluate participation in securities class actions where portfolio companies are alleged to have made material misrepresentations
- Lead plaintiff appointment allows institutional investors to select counsel, oversee litigation strategy, and ensure the class recovery is maximized
- Serving as lead plaintiff involves no out-of-pocket cost; attorneys' fees are paid only from any recovery obtained
- Institutions that do not seek lead plaintiff status remain absent class members and retain the right to participate in any recovery
- ERISA-governed plans holding RGNX should evaluate whether plan fiduciaries fulfilled their duty of prudence in light of the alleged misrepresentations
- The PSLRA favors institutional investors with substantial losses for lead plaintiff appointment
Contact us for institutional recovery options or call
Portfolio Impact Assessment
The action asserts that
"Institutional investors play a critical role in securities class actions. Their participation as lead plaintiffs helps ensure rigorous oversight of litigation and maximizes recovery for all class members who held RGNX during the period when safety risks were allegedly concealed." --
Request an institutional investor loss assessment or contact
INSTITUTIONAL INVESTOR REPRESENTATION --
CONTACT:
SueWallSt
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171
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SOURCE SueWallSt.com