Rosen Law Firm Announces Securities Class Action Against ViroPharma Incorporated Seeking to Recover Investor Losses -- VPHM
NEW YORK, May 22, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced that a class action has been filed on behalf of investors who purchased the securities of ViroPharma Incorporated ("ViroPharma") (Nasdaq:VPHM) between December 14, 2011 and April 9, 2012 seeking to recover investors losses. The Complaint asserts violations of the federal securities laws against ViroPharma and its CEO Vincent Milano.
To join the ViroPharma class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Laurence Rosen, Esq., toll-free, at 866-767-3653; you may also email firstname.lastname@example.org or email@example.com for information on the class action.
On December 14, 2011, the Company issued a press release announcing that as result of FDA approval of a supplemental new drug application, its drug Vancocin would enjoy three years of market exclusivity, and that generic Vancomycin capsules would not be approved during that time.
On April 10, 2012, the Company announced that the FDA stated that Vancocin would not have three years of market exclusivity. The Company also admitted that the Federal Trade Commission was investigating whether ViroPharma had engaged in unfair methods of competition with respect to Vancocin. These disclosures caused ViroPharma's stock to drop $6.17/share, causing investors substantial losses.
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 CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phil Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at firstname.lastname@example.org or email@example.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 797-4425 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com www.rosenlegal.com
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here
©2013 MoneyShow.com, LLC. All Rights Reserved. For a complete trademark notice, please see the Terms of Service