{"id":440753,"date":"2021-02-22T09:03:23","date_gmt":"2021-02-22T14:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=440753"},"modified":"2021-02-22T09:03:23","modified_gmt":"2021-02-22T14:03:23","slug":"robbins-geller-rudman-dowd-llp-announces-lead-plaintiff-deadline-in-the-tricida-inc-class-action-lawsuit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/robbins-geller-rudman-dowd-llp-announces-lead-plaintiff-deadline-in-the-tricida-inc-class-action-lawsuit\/","title":{"rendered":"Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. Class Action Lawsuit"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the <i>Tricida, Inc.<\/i> Class Action Lawsuit<\/b><\/p>\n<p>SAN DIEGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRobbins Geller Rudman &amp; Dowd LLP announces that purchasers of Tricida, Inc. (NASDAQ:TCDA) securities between September 4, 2019 and October 28, 2020, inclusive (the \u201cClass Period\u201d) have until March 8, 2021 to seek appointment as lead plaintiff in the <i>Tricida<\/i> class action lawsuit, <i>Pardi v. Tricida, Inc.<\/i>,<i \/>No. 21-cv-00076 (N.D. Cal.), which is assigned to Judge Lucy H. Koh.\n<\/p>\n<p>\nThe Private Securities Litigation Reform Act of 1995 permits any investor who purchased Tricida securities during the Class Period to seek appointment as lead plaintiff in the <i>Tricida <\/i>class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the <i>Tricida <\/i>class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the <i>Tricida<\/i> class action lawsuit. An investor\u2019s ability to share in any potential future recovery of the <i>Tricida<\/i> class action lawsuit is not dependent upon serving as lead plaintiff. <b>If you wish to serve as lead plaintiff of the <i>Tricida<\/i><\/b><i \/><b>class action lawsuit or have questions concerning your rights regarding the <i>Tricida<\/i><\/b><i \/><b>class action lawsuit, please provide your information <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-tricida-inc-class-action-lawsuit.html&amp;esheet=52382255&amp;newsitemid=20210222005074&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=7e3ebbc7fe2ac247e2adefaddb3fb558\">here<\/a> or contact counsel, Jennifer Caringal of Robbins Geller, at 800\/449-4900 or 619\/231-1058 or via e-mail at <a rel=\"nofollow\" href=\"mailto:jcaringal@rgrdlaw.com\">jcaringal@rgrdlaw.com<\/a>. Lead plaintiff motions for the<i> Tricida<\/i><\/b><i \/><b>class action lawsuit must be filed with the court no later than March 8, 2021.<\/b><\/p>\n<p>\nTricida is a pharmaceutical company that focuses on the development and commercialization of its drug candidate, veverimer (TRC101), a non-absorbed, orally-administered polymer designed as a potential treatment for metabolic acidosis in patients with chronic kidney disease (\u201cCKD\u201d). Tricida has completed a Phase 3, double-blind, placebo-controlled trial of veverimer in patients with CKD and metabolic acidosis. On September 4, 2019, Tricida announced that it had submitted a New Drug Application (\u201cNDA\u201d) to the U.S. Food and Drug Administration (\u201cFDA\u201d) under the Accelerated Approval Program for approval of veverimer for the treatment of metabolic acidosis in patients with CKD.\n<\/p>\n<p>\nThe<i> Tricida <\/i>class action lawsuit alleges that, throughout the Class Period, defendants made false and\/or misleading statements and\/or failed to disclose: (i) Tricida\u2019s NDA for veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (iii) as a result, Tricida\u2019s public statements were materially false and misleading at all relevant times.\n<\/p>\n<p>\nOn July 15, 2020, Tricida issued a press release announcing that, on July 14, 2020, Tricida received a notification from the FDA, stating that as part of the FDA\u2019s ongoing review of Tricida\u2019s NDA for veverimer, \u201cthe FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements\/commitments at this time.\u201d Tricida stated that \u201c[t]he notification does not specify the deficiencies identified by the FDA.\u201d On this news, Tricida\u2019s stock price fell more than 40%.\n<\/p>\n<p>\nThen, on October 29, 2020, Tricida announced an update on its End-of-Review Type A meeting with the FDA regarding the veverimer NDA, advising investors that Tricida \u201cnow believes the FDA will also require evidence of veverimer\u2019s effect on CKD progression from a near-term interim analysis of the VALOR-CKD trial for approval under the Accelerated Approval Program and that the FDA is unlikely to rely solely on serum bicarbonate data for determination of efficacy.\u201d Concurrently, Tricida disclosed that it \u201cis significantly reducing its headcount from 152 to 59 people and will discuss its commitments with vendors and contract service providers to potentially provide additional financial flexibility.\u201d On this news, Tricida\u2019s stock price fell an additional 47% \u2013 further damaging investors.\n<\/p>\n<p>\nRobbins Geller Rudman &amp; Dowd LLP is one of the world\u2019s leading law firms representing investors in securities class action litigation. With 200 lawyers in 9 offices, Robbins Geller has obtained many of the largest securities class action recoveries in history. For seven consecutive years, ISS Securities Class Action Services has ranked the Firm in its annual SCAS Top 50 Report as one of the top law firms in the world in both amount recovered for shareholders and total number of class action settlements. Robbins Geller attorneys have helped shape the securities laws and have recovered tens of billions of dollars on behalf of aggrieved victims. Beyond securing financial recoveries for defrauded investors, Robbins Geller also specializes in implementing corporate governance reforms, helping to improve the financial markets for investors worldwide. Robbins Geller attorneys are consistently recognized by courts, professional organizations, and the media as leading lawyers in the industry. Please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rgrdlaw.com&amp;esheet=52382255&amp;newsitemid=20210222005074&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.rgrdlaw.com&amp;index=2&amp;md5=457e5750e61bf4c0b150e16d6e36c74e\">http:\/\/www.rgrdlaw.com<\/a> for more information.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210222005074r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210222005074\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210222005074\/en\/<\/a><\/span><\/p>\n<p>\nRobbins Geller Rudman &amp; Dowd LLP<br \/>\n<br \/>Jennifer Caringal, 800-449-4900<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jcaringal@rgrdlaw.com\">jcaringal@rgrdlaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210222005074\/en\/221960\/3\/RGRD_FINAL.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. Class Action Lawsuit SAN DIEGO&#8211;(BUSINESS WIRE)&#8211; Robbins Geller Rudman &amp; Dowd LLP announces that purchasers of Tricida, Inc. (NASDAQ:TCDA) securities between September 4, 2019 and October 28, 2020, inclusive (the \u201cClass Period\u201d) have until March 8, 2021 to seek appointment as lead plaintiff in the Tricida class action lawsuit, Pardi v. Tricida, Inc.,No. 21-cv-00076 (N.D. Cal.), which is assigned to Judge Lucy H. Koh. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Tricida securities during the Class Period to seek appointment as lead plaintiff in the Tricida class action lawsuit. A lead plaintiff is generally the movant with the greatest financial &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/robbins-geller-rudman-dowd-llp-announces-lead-plaintiff-deadline-in-the-tricida-inc-class-action-lawsuit\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. Class Action Lawsuit&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-440753","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. Class Action Lawsuit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/robbins-geller-rudman-dowd-llp-announces-lead-plaintiff-deadline-in-the-tricida-inc-class-action-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. Class Action Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. Class Action Lawsuit SAN DIEGO&#8211;(BUSINESS WIRE)&#8211; Robbins Geller Rudman &amp; Dowd LLP announces that purchasers of Tricida, Inc. (NASDAQ:TCDA) securities between September 4, 2019 and October 28, 2020, inclusive (the \u201cClass Period\u201d) have until March 8, 2021 to seek appointment as lead plaintiff in the Tricida class action lawsuit, Pardi v. Tricida, Inc.,No. 21-cv-00076 (N.D. Cal.), which is assigned to Judge Lucy H. Koh. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Tricida securities during the Class Period to seek appointment as lead plaintiff in the Tricida class action lawsuit. A lead plaintiff is generally the movant with the greatest financial &hellip; Continue reading &quot;Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. 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(NASDAQ:TCDA) securities between September 4, 2019 and October 28, 2020, inclusive (the \u201cClass Period\u201d) have until March 8, 2021 to seek appointment as lead plaintiff in the Tricida class action lawsuit, Pardi v. Tricida, Inc.,No. 21-cv-00076 (N.D. Cal.), which is assigned to Judge Lucy H. Koh. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Tricida securities during the Class Period to seek appointment as lead plaintiff in the Tricida class action lawsuit. A lead plaintiff is generally the movant with the greatest financial &hellip; Continue reading \"Robbins Geller Rudman &amp; Dowd LLP Announces Lead Plaintiff Deadline in the Tricida, Inc. 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