The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against BELLUS Health Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL, March 18, 2021 / PRNewswire / – Schall law firm, a national shareholder rights law firm, has announced that it has filed a class action lawsuit against BELLUS Health Inc. (“BELLUS” or “the Company”) (NASDAQ: BLU) for §§ violations. 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and rule 10b-5 published by the US Securities and Exchange Commission.
Investors who have bought the Company’s securities between 5th September 2019 and 5th July 2020inclusive (the “Lesson Period”) it is recommended to contact the Company beforehand May 17, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to get in touch Brian Schall the law firm Schall, 2049 Century Park East, Suite 2460, Los Angeles, California 90067, 310-301-3335 to discuss your rights free of charge. You can also contact us on the company’s website at www.schallfirm.com or by email at [email protected]challfirm.com.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. BELLUS has misrepresented and / or failed to disclose that the “high selectivity” of BLU-5937 contributed to its potential being less effective and therefore unlikely to be able to meet the primary endpoint of the Phase 2 study of the Company to achieve. As a result, as the defendants announced before the markets opened July 6, 2020Because BLU-5937 failed the Phase 2 study, the company’s share price fell over 75% due to the high trading volume. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about BELLUS, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.
The law firm Schall
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