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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Micro Focus International plc – MFGP

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / June 16, 2018 / Pomerantz LLP is investigating claims on behalf of investors of Micro Focus International plc (“Micro Focus” or the “Company”) (NYSE: MFGP). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Micro Focus and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here to join a class action]

On March 19, 2018, Micro Focus announced the resignation of its Chief Executive Officer and advised investors that the Company is, “issuing revised constant currency revenue guidance for the twelve months ending 31 October 2018 of minus 6% to minus 9% compared to the proforma 12 months ending 31 October 2017. This updates revenue guidance of minus 2% to minus 4% provided at the interim results on 8 January 2018.” On this news, shares of Micro Focus fell over 46%, during intraday trading on March 19, 2018, thereby injuring investors.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

SOURCE: Pomerantz LLP

ReleaseID: 502842

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Aegean Marine Petroleum Network Inc. of Class Action Lawsuit and Upcoming Deadline – ANW

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / June 16, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Aegean Marine Petroleum Network Inc. (“Aegean” or the “Company”) (NYSE: ANW) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 18-cv-05165, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired Aegean securities between April 28, 2016 and June 4, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Aegean securities between April 28, 2016, and June 4, 2018, both dates inclusive, you have until August 6, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Aegean Marine Petroleum Network Inc. supplies and markets refined marine fuel and lubricants to ships in port and at sea. The Company also owns and operates a fleet of bunkering tankers in multiple jurisdictions.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Aegean had improperly accounted for an approximate $200 million of accounts receivable as of December 31, 2017; (ii) Aegean failed to maintain effective internal control over financial reporting; and (iii) as a result of the foregoing, Defendants’ statements about Aegean’s business, operations, and prospects, were materially false and misleading at all relevant times.

On May 22, 2018, Aegean Marine announced an internal review of its financial reporting. Then, on June 4, 2018, Aegean Marine announced its preliminary findings from the review, including that “approximately $200 million of accounts receivable at December 31, 2017 will need to be written off.” Aegean Marine further advised investors that certain “transactions that gave rise to the accounts receivable . . . may have been, in full or in part, without economic substance and improperly accounted for in contravention of the Company’s normal policies and procedures.”

On this news, Aegean Marine’s share price fell $2.15, or 75.43%, to close at $0.70 on June 5, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

SOURCE: Pomerantz LLP

ReleaseID: 502813

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PPG Industries, Inc. – PPG

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / June 16, 2018 / Pomerantz LLP is investigating claims on behalf of investors of PPG Industries, Inc. (“PPG” or the “Company”) (NYSE: PPG). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether PPG and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here to join a class action]

On May 10, 2018, post-market, PPG disclosed that the Company’s Audit Committee had found evidence that improper accounting entries were made by certain employees at the direction of its former vice president and controller. PPG’s former vice president was placed on administrative leave on April 25, 2018 and terminated effective May 10, 2018, while two employees who acted under the former vice president’s direction have been reassigned to different roles. Concurrently, PPG advised investors that its financial statements for the year 2017 should not be relied upon and that the Company will be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018. On this news, PPG’s share price has fallen sharply post-market on May 10, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 502844

Terralogic Acquires DynaQuest Technologies – Expanding IT, Cloud and Virtualization Solutions

Paul Kushlan, President of Dynaquest to join Terralogic as EVP of Cloud & IT Services. Michelle CEO of Dynaquest to join Terralogic to run Strategic Marketing.

SAN JOSE, CA, June 16, 2018 /24-7PressRelease/ — Terralogic acquires DynaQuest Technologies, a Utah based corporation specialized in Cloud, Virtualization, and IT Support solutions. The acquisition allows DynaQuest customers to benefit immediately from Terralogic’s extensive service capabilities, including the UI/UX Design, Software Development, Test/QA, Automation, DevOps, IIOT and AI/ML Solutions. The acquisition will provide Terralogic’s existing global customer base with enhanced access to Cloud, Virtualization and Hyper convergence products and solutions.

Paul Kushlan, President of DynaQuest will join Terralogic as EVP of Cloud & IT Services and Michelle, CEO of DynaQuest will join Terralogic to run Marketing. Paul and Michelle are entrepreneurs by choice and they together built DynaQuest for past 20 years and transformed the company from IT Services to Cloud & Virtualization solution provider. In Paul & Michelle’s words – “We are excited to be part of Terralogic. With this announcement today DynaQuest will have the opportunity to bring its unique blend of Cloud and Virtualization products and services to a global market. The combination of Terralogic and DynaQuest offerings will create a complete IT solutions that will drive value and create exceptional outcomes for our customers.”

Renil Komitla, CEO of Terralogic words – “I am very pleased with the progress of Terralogic and with the addition of DynaQuest we are rightly positioned for being a true Digital Transformation Partner for our customers and participate in their Digital Journey.”

About Terralogic:
Terralogic is a 10-year-old Digital technology solutions provider. Serving 360-degree solutions, right from product conceptualization to product maturity and maintenance. Terralogic specializes in providing plethora of services starting from UI/UX design, Custom Software Development, Core Engineering Solutions, Advanced QA services, Embedded solutions and IT managed services. With 100+ customers, Terralogic provides cutting-edge Digital technology services for the connected world. Today we are a 1000+ member family spread across India, Australia, Vietnam & the USA.

Terralogic has expertise in various domains, Just to highlight a few: Communications, Media & Entertainment, Gaming, Travel, Automotive, Financial sector, Construction, Healthcare, IoT and many more.

About DynaQuest:
Founded in 1995, DynaQuest Technologies has been helping enterprises effectively implement and manage Cloud and Virtualization solutions. Dynaquest has strategic partnerships with companies like Citrix, Microsoft, Dell and Nutanix that has enabled it to recommend the right cloud, virtualization and hyper convergence solutions for customers.

CMN Funding Announces Four More Closings

CMN Funding, headquartered in Albany, NY, has announced that they recently funded two commercial real estate deals from their direct lending programs and arranged financing on two additional real estate closings.

ALBANY, NY, June 16, 2018 /24-7PressRelease/ — CMN Funding, headquartered in Albany, NY, has announced that they recently funded two commercial real estate deals from their direct lending programs and arranged financing on two additional real estate closings.

The first of CMN’s funded projects, located in Warrensburg, NY, featured a refinance of two income producing properties. The client received $330,000 to yield cash-out proceeds which paid off private note holders and allowed for a capital restructure. The second direct loan was a retail property located in Loveland, CO. The refinance provided $230,000 towards a partnership buyout and some minor property improvements.

One of CMN’s arranged closings took place in Glens Falls, New York, where $1,507,500 was procured for the acquisition of a portfolio of four rental properties with a total of 34 units. The other financing that was obtained was for a loan amount of $370,000. The subject property was an investment condo located in Panama City, Florida that was a refinanced to pay all property debts and pull some cash out for future investments.

About CMN Funding:

CMN Funding, a division of CMN Real Estate Group, Inc., is a financial services company that specializes in the needs of the commercial client. Established in 2003, CMN is a full-service outlet for commercial financing whose primary focus is to obtain funding for commercial real estate transactions.

CMN Funding
1510 Central Avenue
Suite 380
Albany, NY 12205
(518) 435-1119
www.cmnfunding.com

Benchmark Botanics Provides Corporate Update

Vancouver, British Columbia–(Newsfile Corp. – June 15, 2018) – Benchmark Botanics Inc. (CSE: BBT) (OTC Pink: BBHKF) (FSE: BBW) (the “Company” or “Benchmark“) provides an update to the previously announced extension to the contract of purchase and sale for a greenhouse production center located in the Lower Mainland region of British Columbia. The Company has not made the additional $500,000 non-refundable deposit that was due today in order to extend the completion date from June 1 to July 16, 2018. The Company is seeking to negotiate with the vendor regarding an extension of the completion date, however, there is no assurance that it will successfully secure an extension on terms acceptable to the Company or at all, and in the interim the original $500,000 non-refundable deposit has been transferred to the vendor.

About Benchmark
Benchmark Botanics, Inc. is: “Cannabis Redefined”

Benchmark is a publicly traded company based out of Vancouver, British Columbia, that is positioned to provide financing, partnership and acquisition opportunities to licensed producers and ancillary businesses within the global cannabis industry.

In November 2017, the Company acquired its first subsidiary, Potanicals Green Growers Inc. Potanicals Green Growers possesses a Health Canada license to cultivate cannabis and is an Access to Cannabis for Medical Purposes (ACMPR) Licensed Producer. In its first phase of operations, Potanicals is currently cultivating in its 12,700 square-foot PHASE I indoor production facility.

For Further Information

Investor Relations
Benchmark Botanics, Inc.
Email: invest@bbtinc.ca
Tel: 1-888-221-0915
www.benchmarkbotanics.com

Dave Burwell
Vice President
The Howard Group Inc.
Email: dave@howardgroupinc.com
Tel: 403.221-9015
Toll Free: 1-888-221-0915

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

Forward-Looking Statements

This news release contains forward-looking statements pertaining to various risks and uncertainties regarding future events. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. This news release includes forward-looking statements with respect to the business and future objectives of the Company, including the timing of completion of the closing of the purchase and sale of the greenhouse facility, if at all. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including related to: (i) the facility and Potanicals’ operations; (ii) adverse market conditions; (iii) the ability of the Company to complete financings in the future; (iv) dependence on suppliers and skilled labour; (v) government regulation and compliance with the ACMPR; (vi) managing and maintaining growth; (vii) unfavourable publicity or consumer perception litigation; (viii) competition; (ix) Benchmark may not be able to secure an extension to the completion date for the contract for the purchase of the greenhouse on terms acceptable to Benchmark or at all; and (x) Benchmark will lose all of its original $500,000 non-refundable deposit if it does not complete the purchase of the greenhouse, face a claim for damages and the agreement to purchase the greenhouse may be terminated by the vendor. There is a risk that Potanicals’ Producer’s License will not be amended to permit the Company to sell medical marijuana produced at its facility. Actual results could differ materially from those currently anticipated due to a number of factors and risks including the risk factors discussed in this news release and in the Company’s disclosure documents, which can be found under the Company’s profile on www.sedar.com and on the CSE website. These statements speak only as of the date of this news release. Except as required by law, the Company does not intend to update these forward-looking statements.

Kryptobits Aims to Revolutionize Traditional Banking with Blockchain Technology

By Kryptobits

SPAIN / ACCESSWIRE / June 15, 2018 / The Kryptobits Exchange is happy to announce the development of its upcoming cryptocurrency exchange that wants to reshape how the public deals in crypto. This far, the existing cryptocurrency exchanges have been rigid with only a few allowing the interoperability between crypto coins and fiat currency.

The last decade has seen the invention and rise of cryptocurrencies with the said coins almost gaining mass adoption now. The excitement that greeted the arrival of Bitcoin nearly ten years ago now mirror the buzz created by the many ICOs that are raising millions of dollars to fund start-up FinTech ventures.

These developments highlighted here have created a need for secure cryptocurrency transactions. Also, while most online ventures have tried to introduce some level of ease, only the Kryptobits Exchange has proposed an essential tool.

About Kryptobits

The Kryptobits Exchange is a pioneer new generation cryptocurrency marketplace that will allow the public to derive more gains from the heightened performance of their cryptocurrency holdings in an environment that is safe and user-friendly.

Kryptobits is the premier Blockchain Banking facility on Internet 3.0. Primarily, it offers users a chance to access banking services out of the bank setting. It provides new financial services in the Blockchain space in a faster, cheaper and easier way.

Users shall be able to send and receive third-party payments in either cryptocurrency or fiat currencies in an environment driven by artificial intelligence. Also, the firm is now conducting an ICO intended at giving access to members of the public to participate in this revolutionary idea. Now, the user is able to operate as he does in a traditional bank using credit cards, loans, transfers, and such related services, while enjoying the benefits of the cryptocurrency market, all from the same platform.

The core development team that wants to bring the Kryptobits Exchange to life is headed by Leonardo Montburn, a seasoned player in the private equity and blockchain spaces. Together with him is a team of 23 talented practitioners in the cryptocurrency environment, including two that are also part of the innovative CryptoSolarTech decentralized mining project.

Also on board are six seasoned blockchain, marketing and security advisors that are on hand to ensure the firm’s core team delivers on its mandate.

The Premise of Kryptobits, Perceived Problems, and Solutions

While Cryptocurrencies are moving toward mass adoption, their transaction is anything but fluid. This lack of fluidity and the evident illiquidity are a few of the facts that are hindering mass adoptions just yet.

Providing a crypto exchange that offers secure conversion transactions within a safe environment is a massive step towards enhancing convenience. Ease of use, however, isn’t all that the Kryptobits Exchange is aiming at. The platform will combine 2FA mechanisms with cold wallets, as well as other high technology security features to prioritize use data and security of the users’ deposit.

The program shall also enable users to withdraw funds directly into their credit cards or IBAN accounts. Moreover, the platform shall incorporate advanced charts that help users to track the value of their coins and trade accordingly.

An Overview of the Kryptobits Platform

The Kryptobits Exchange shall provide these highlighted cutting-edge solutions using its novel exchange, and supported by Kryptobits token (KBE). KBE is the critical asset of the platform. The platform shall also make the most of KartoCoin and KartoSteps, the native exchange currency and gas of the platform, respectively.

ICO Details

Before buying KBE tokens in the ICO phase, it is important that you know the advantages derived from buying these tokens during the mentioned sale period.

Firstly, KBE token holders that buy in the ICO phase get an automatic discount on Exchange fees, the percentage of which will depend on the number of tokens bought.

Secondly, you will get free KartoCoins, the main currency of the Exchange, to access all the benefits of Blockchain Banking such as loans, FIAT transfers, and Airdrop, to mention just a few.

Also, Kryptobits believes in its project and assures you of a repurchase of your tokens by the parity fixed in their Whitepaper (€ 0.10) after 12 months since the development of the Exchange.

The Kryptobits platform Pre-ICO is ongoing and forms part of the three-stage public sale campaign. In all, some 1.802 million tokens are available with 1.442 billion of these available to the public during the public offering. The entire public offering exercise shall take place until August 24, 2018.

More information about the platform and the token sale is available on the official website and on this one-page document. One can also join the Telegram community to discuss in details.

SOURCE: Kryptobits

ReleaseID: 502866

PPG TICKER NOTICE: Pawar Reminds of Important July 19, 2018 Lead Plaintiff Deadline in Class Action – PPG

By Pawar Law Group

NEW YORK, NY / ACCESSWIRE / June 15, 2018 / Pawar Law Group reminds shareholders who purchased shares of PPG Industries, Inc. (NYSE: PPG) from April 24, 2017 through May 10, 2018, both dates inclusive (“Class Period”) of the important July 19, 2018 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for PPG investors under the federal securities laws. To join the PPG class action, go to http://pawarlawgroup.com/cases/ppg-industries-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email vik@pawarlawgroup.com for information on the class action.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member and do nothing at this point. You may retain counsel of your choice.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) PPG’s consolidated financial statements for the year ended December 31, 2017 and the quarterly financial statements of 2017 contained improper accounting entries and could no longer be relied upon; (2) PPG failed to maintain adequate internal controls; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 19, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/ppg-industries-inc/ to join the class action. You may also contact Vik Pawar of Pawar Law Group toll free at 888-589-9804 or via email at vik@pawarlawgroup.com.

Pawar Law Group represents investors from around the world.

CONTACT:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
info@pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 502861

ORA NOTICE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Ormat Technologies, Inc. – ORA

By Pawar Law Group

NEW YORK, NY / ACCESSWIRE / June 15, 2018 / Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Ormat Technologies, Inc. (NYSE: ORA) between August 8, 2017 and May 15, 2018, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Ormat investors under the federal securities laws.

To join the Ormat class action, go to http://pawarlawgroup.com/cases/ormat-technologies-inc/ or call Vik Pawar toll-free at 888-589-9804 or email vik@pawarlawgroup.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) there were errors in the income tax provision primarily relating to Ormat’s valuation allowance based on its ability to utilize foreign tax credits in the U.S. prior to their expiration; (2) Ormat netted certain deferred income tax assets and deferred income tax liabilities across different tax jurisdictions that are not permitted to be netted pursuant to United States generally accepted accounting principles; (3) Ormat’s internal controls over financial reporting were ineffective; (4) Ormat would need to restate its second, third and fourth quarter 2017 financial statements and its full-year 2017 financial statements; and (5) as a result, defendants’ statements about Ormat’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2018. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/ormat-technologies-inc/ to join the class action. You may also contact Vik Pawar of Pawar Law Group toll free at 888-589-9804 or via email at vik@pawarlawgroup.com.

Pawar Law Group represents from around the world.

Contact:

Vik Pawar, Esq.
Pawar Law Group P.C
20 Vesey Street Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Toll Free: 888-589-9804
Fax: (212) -571-0938
vik@pawarlawgroup.com
www.pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 502862

JUNE 22 DEADLINE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Edge Therapeutics, Inc. and Encourages Investors with Losses to Contact the Firm

By The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / June 15, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Edge Therapeutics, Inc. (”Edge” or ”the Company”) (NASDAQ: EDGE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between December 29, 2017 and March 27, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before June 22, 2018.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, Edge Therapeutics made materially false and misleading statements during the class period. Edge failed to disclose that the company’s leading new product candidate, known as EG-1962, was likely to fail a futility test related to the NEWTON 2 study. As a result of the failure to disclose this information, Edge Therapeutics’ financial statements, claims about the company’s business operations, and financial prospects were materially false and misleading throughout the class period. According to the lawsuit, when accurate information about Edge Therapeutics became apparent in the market, investors suffered damages.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 502864