Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against LogicBio Therapeutics, Inc. (LOGC)
LogicBio Therapeutics, Inc. (LOGC)
Last logicbio therapeutics, inc. earnings: 8/13 08:00 am
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Source: GlobeNewswire
NEW YORK, March 19, 2020 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against LogicBio Therapeutics, Inc. (“LogicBio” or the “Company”) (NASDAQ: LOGC) in the United States District Court for the District of New Jersey on behalf of those who purchased or acquired the securities of LogicBio between December 3, 2018 and February 10, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for LogicBio investors under the federal securities laws. The Complaint alleges the Company made false and misleading statements to the market. The Company’s Investigational New Drug (“IND”) submission for LB-001 was rushed and behind schedule, and did not answer important clinical and non-clinical questions. The FDA was likely to either hold or deny the IND due to the poor quality of the submission. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When th
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