{"id":461006,"date":"2021-03-18T15:24:32","date_gmt":"2021-03-18T19:24:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=461006"},"modified":"2021-03-18T15:24:32","modified_gmt":"2021-03-18T19:24:32","slug":"cydy-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-cytodyn-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cydy-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-cytodyn-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm\/","title":{"rendered":"CYDY Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies CytoDyn, Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n NEW YORK<\/span>, March 18, 2021<\/span> \/PRNewswire\/ —\u00a0Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against CytoDyn, Inc.\u00a0<\/b>(“CytoDyn”\u00a0or “the Company”) (OTCMKT: CYDY) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired CytoDyn\u00a0securities\u00a0between March 27, 2020<\/span> and March 9<\/span>, 2021,\u00a0inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/cydy<\/a>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n

\n
\n \"Bronstein,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. <\/p>\n

On June 30, 2020<\/span>, Citron Research published a report entitled, “SEC Must Immediately Halt this Stock Promotion Scheme.”\u00a0The Citron Research report stated that “[t]his is a $5 billion<\/span> market cap company with 10 employees who claim to have the cure for COVID with zero data and a CEO who sold >$30 million<\/span> of stock ~70% lower than yesterday’s closing price. The CEO has made inappropriate promotional claims like ‘this looks the solution to coronavirus’ leading into his most recent stock sale.”\u00a0The report alleged that the company is a “big joke” regarding its claim to have developed a cure for COVID-19 with “zero” data related to over-hyped leronlimab. Following this news, CytoDyn stock dropped roughly 34% during intraday trading on June 30, 2020<\/span>.<\/p>\n

The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, and failed to disclose that:\u00a0(1) while CytoDyn’s stock price was sufficiently pumped with the COVID-19 cure hype, long-term shareholders, including CEO Nader Z. Pourhassan<\/span> and CFO Michael Mulholland<\/span>, dumped millions of shares; (2) CytoDyn engaged in a wrongful scheme with its lender, Iliad Research and Trading L.P. (“Iliad”), and its principal John Fife<\/span> (“Fife”), whereby Iliad and other Fife entities operated as an unregistered securities dealer for CytoDyn; and (3) Iliad obtained a convertible promissory note from CytoDyn and converted the note into newly issued shares of CytoDyn and sold those shares into the public market at a profit, in violation of the dealer registration requirements of the federal securities laws.<\/p>\n

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com\/cydy<\/a>\u00a0or you may contact Peretz Bronstein, Esq.<\/span> or his Investor Relations Analyst, Yael Hurwitz<\/span> of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in CytoDyn you have until May 17, 2021<\/span> to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.\u00a0Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein<\/span> or Yael Hurwitz<\/span>
212-697-6484 | info@bgandg.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/cydy-shareholder-alert-bronstein-gewirtz–grossman-llc-notifies-cytodyn-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm-301250534.html<\/a><\/p>\n

SOURCE Bronstein, Gewirtz & Grossman, LLC<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK, March 18, 2021 \/PRNewswire\/ —\u00a0Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against CytoDyn, Inc.\u00a0(“CytoDyn”\u00a0or “the Company”) (OTCMKT: CYDY) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired CytoDyn\u00a0securities\u00a0between March 27, 2020 and March 9, 2021,\u00a0inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/cydy. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. On June 30, 2020, Citron Research published a report entitled, “SEC Must Immediately Halt this Stock Promotion Scheme.”\u00a0The Citron Research report stated that “[t]his … <\/p>\n

Continue reading “CYDY Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies CytoDyn, Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm”<\/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-461006","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCYDY Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies CytoDyn, Inc. 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On June 30, 2020, Citron Research published a report entitled, “SEC Must Immediately Halt this Stock Promotion Scheme.”\u00a0The Citron Research report stated that “[t]his … Continue reading "CYDY Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies CytoDyn, Inc. 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