NEW YORK, NY/ACCESSWIRE/April 5, 2022/ Pomerantz LLP is investigating claims on behalf of investors in Beigene, Ltd. (“Beigene” or the “Company”) BNE. Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation focuses on whether Beigene and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On March 9, 2022, the United States Securities and Exchange Commission (“SEC”) issued a notice identifying Beigene, among other companies, as being in potential violation of the Holding Foreign Companies Accountable Act, which allows the SEC to delist companies and bar a company’s shares from being traded if the company does not allow US regulators to review their company’s audits for three consecutive years. Beigene and the other companies named in the SEC notice have until March 29, 2022 to contest the charges against them.
On this news, Beigene’s stock price fell $11.47 per share, or 5.87%, to close at $184.00 per share on March 10, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. See www.pomlaw.com.
THE SOURCE: Pomerantz LLP
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