Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Catalyst Pharmaceutical Partners, Inc. (NASDAQ CM: CPRX)?
- Did you purchase your shares before October 31, 2012, or between October 31, 2012 and October 18, 2013, inclusive?
- Did you lose money in your investment in Catalyst Pharmaceutical Partners, Inc.?
- Do you want to discuss your rights?
According to the Complaint, on October 18, 2013, before the opening of trading, an article entitled “Catalyst Pharma: Orphan Drug Poseur, Profiteer” was released detailing how Firdapse was the same exact drug as 3,4 – Dap, a drug which has been given away for years by Jacobus free of charge, through a compassionate use program. On this news, shares in Catalyst dropped more than 27%, closing at $1.90 per share on October 18, 2013, on heavy trading volume of over 9.9 million shares.If you wish to serve as lead plaintiff, you must move the Court no later than December 24, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.