{"id":451827,"date":"2021-03-05T09:50:30","date_gmt":"2021-03-05T14:50:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451827"},"modified":"2021-03-05T09:50:30","modified_gmt":"2021-03-05T14:50:30","slug":"tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/","title":{"rendered":"TCDA FILING DEADLINE IN 3 DAYS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Tricida Inc."},"content":{"rendered":"
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NEW YORK, March 05, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Tricida Inc. (“Tricida” or the “Company”) (NASDAQ: TCDA) from September 4, 2019 through October 28, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934.<\/p>\n

If you purchased Tricida securities, and\/or would like to discuss your legal rights and options<\/strong> please visit Tricida Shareholder Class Action Lawsuit<\/a> or contact Matthew E. Guarnero<\/a> toll free at (877) 779-1414<\/strong> or MGuarnero@bernlieb.com<\/a><\/p>\n

The complaint alleges that throughout the Class Period, defendants made false and\/or misleading statements and\/or failed to disclose that: (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, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n

On July 15, 2020, Tricida issued a press release announcing that, on July 14, 2020, the Company received a notification from the FDA, stating that as part of the FDA\u2019s ongoing review of the Company\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 $10.56 per share, or 40.31%, to close at $15.64 per share on July 16, 2020.<\/p>\n

Then, 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 the Company \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 $3.90 per share, or 47.16%, to close at $4.37 per share on October 29, 2020.<\/p>\n

If you wish to serve as lead plaintiff, you must move the Court no later than March 8, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn\u2019t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member..<\/p>\n

If you purchased Tricida securities, and\/or would like to discuss your legal rights and options<\/strong> please visit https:\/\/www.bernlieb.com\/cases\/tricidainc-tcda-shareholder-class-action-lawsuit-stock-fraud-353\/apply\/<\/a> or contact Matthew E. Guarnero<\/a> toll free at (877) 779-1414<\/strong> or MGuarnero@bernlieb.com<\/a>.<\/p>\n

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n

ATTORNEY ADVERTISING. \u00a9 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n

Contact Information<\/p>\n

Matthew E. Guarnero
Bernstein Liebhard LLP
https:\/\/www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com<\/p>\n

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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 05, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Tricida Inc. (“Tricida” or the “Company”) (NASDAQ: TCDA) from September 4, 2019 through October 28, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934. If you purchased Tricida securities, and\/or would like to discuss your legal rights and options please visit Tricida Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll … <\/p>\n

Continue reading “TCDA FILING DEADLINE IN 3 DAYS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Tricida Inc.”<\/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-451827","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTCDA FILING DEADLINE IN 3 DAYS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Tricida Inc. - 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\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TCDA FILING DEADLINE IN 3 DAYS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Tricida Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 05, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Tricida Inc. 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(“Tricida” or the “Company”) (NASDAQ: TCDA) from September 4, 2019 through October 28, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934. If you purchased Tricida securities, and\/or would like to discuss your legal rights and options please visit Tricida Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll … Continue reading \"TCDA FILING DEADLINE IN 3 DAYS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Tricida Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-05T14:50:30+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDkyNSM0MDQ5Njg2IzIwMjkzNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TCDA FILING DEADLINE IN 3 DAYS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Tricida Inc.","datePublished":"2021-03-05T14:50:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/"},"wordCount":676,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDkyNSM0MDQ5Njg2IzIwMjkzNDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-filing-deadline-in-3-days-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-tricida-inc\/","name":"TCDA FILING DEADLINE IN 3 DAYS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Tricida Inc. - 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