The law firm of Federman & Sherwood has initiated an investigation into California-based Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM) (“Peregrine”) with respect to possible breaches of fiduciary duty by the company’s officers and directors, as well as violations of state and federal securities laws, when the Company failed to disclose to its investors the problems it was facing with its double-blind placebo-controlled Phase II trial of its drug Bavituximab in patients with second-line, non-small cell lung cancer, as well as fully disclosing the Company’s true financial condition when Peregrine announced it had defaulted on a $30 million loan agreement it had just entered into on August 30, 2012.
Federman & Sherwood is investigating whether: (1) the information being provided to Peregrine shareholders about the clinical trials surrounding Bavituximab during the class period was false and/or misleading at the time such information was being disseminated; (2) whether the Company knew that the clinical study with Bavituximab was not going well and failed to properly and timely notify its shareholders of same; and, (3) whether the Company properly disclosed its true financial condition during the Class Period.
If you currently own common stock in Peregrine Pharmaceuticals, Inc. and
purchased your shares between September 7, 2012 and September 24, 2012;
have information to assist in our investigation; or, have any questions
or concerns regarding this notice or preservation of your rights, please
contact William B. Federman at
Federman & Sherwood has extensive nationwide experience in representing
investors in securities, derivative and merger-related shareholder class
actions, and has been appointed as lead counsel in multiple complex
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV