{"id":474231,"date":"2021-04-09T09:03:34","date_gmt":"2021-04-09T13:03:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474231"},"modified":"2021-04-09T09:03:34","modified_gmt":"2021-04-09T13:03:34","slug":"cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3\/","title":{"rendered":"CYTODYN, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Lead Plaintiff Deadline is May 17, 2021<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">April 9, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-3&amp;h=3605753518&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Fcytodyn-inc-cytodyn-or-the-company-otcqb-cydy&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP+\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <\/a>\u00a0announces that a federal securities class action lawsuit has been filed against CytoDyn, Inc. (&#8220;CytoDyn&#8221; or the &#8220;Company&#8221;) (OTCQB: CYDY) in <span class=\"xn-location\">the United States<\/span> District Court for the Western District of <span class=\"xn-location\">Washington<\/span> on behalf of those who purchased or acquired the securities of CytoDyn between <span class=\"xn-chron\">March 27, 2020<\/span> and <span class=\"xn-chron\">March 9, 2021<\/span>,<br \/>inclusive (the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" title=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" alt=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>All investors\u00a0who purchased shares of CytoDyn, Inc. and incurred losses are urged to contact the firm immediately at <\/b><br \/>\n        <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a><br \/>\n        <b>\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-3&amp;h=1134546443&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Fcytodyn-inc-cytodyn-or-the-company-otcqb-cydy%2F&amp;a=join+the+case\" rel=\"nofollow noopener noreferrer\">join the case<\/a><br \/>\n        <b>\u00a0on our website <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-3&amp;h=4283220428&amp;u=http%3A%2F%2Fwww.whafh.com%2F&amp;a=www.whafh.com\" rel=\"nofollow noopener noreferrer\">www.whafh.com<\/a>.<\/p>\n<p>If\u00a0you have incurred losses in the shares of CytoDyn, Inc., <b>you<\/b><b>\u00a0<\/b><b>may,<\/b><b>no later than <span class=\"xn-chron\">May 17, 2021<\/span><\/b><b>, <\/b>request that the Court appoint you lead plaintiff of the proposed class.\u00a0Please contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of \u00a0CytoDyn, Inc.<\/p>\n<p class=\"prntac\">\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-3&amp;h=1080396652&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Fcytodyn-inc-cytodyn-or-the-company-otcqb-cydy%2F&amp;a=CLICK+HERE+TO+JOIN+CASE\" rel=\"nofollow noopener noreferrer\">CLICK HERE TO JOIN CASE<\/a>\n      <\/p>\n<p>The filed Complaint alleges that Defendants made materially false and\/or misleading statements, and failed to disclose that: <\/p>\n<ul type=\"disc\">\n<li>while the Company&#8217;s stock price was sufficiently pumped with the COVID-19 cure hype, long-term shareholders, including CEO <span class=\"xn-person\">Nader Z. Pourhassan<\/span> and CFO <span class=\"xn-person\">Michael Mulholland<\/span>, dumped millions of shares; <\/li>\n<li>the Company engaged in a wrongful scheme with its lender, Iliad Research and Trading L.P. (&#8220;Iliad&#8221;), and its principal <span class=\"xn-person\">John Fife<\/span> (&#8220;Fife&#8221;), whereby Iliad and other Fife entities operated as an unregistered securities dealer for the Company; and <\/li>\n<li>Iliad obtained a convertible promissory note from the Company and converted the note into newly issued shares of the Company and sold those shares into the public market at a profit, in violation of the dealer registration requirements of the federal securities laws.<\/li>\n<\/ul>\n<p>On this news, the Company&#8217;s share price fell <span class=\"xn-money\">$1.14<\/span> per share, or 28%, to close at <span class=\"xn-money\">$2.91<\/span> on <span class=\"xn-chron\">March 8, 2021<\/span>. On <span class=\"xn-chron\">March 9, 2021<\/span>, CytoDyn shares dropped an additional 19% to close at <span class=\"xn-money\">$2.35<\/span>.<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-3&amp;h=135934224&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Fcytodyn-inc-cytodyn-or-the-company-otcqb-cydy%2F&amp;a=Wolf+Haldenstein\" rel=\"nofollow noopener noreferrer\"><br \/>\n          <span class=\"xn-person\">Wolf Haldenstein<\/span><br \/>\n        <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0The firm has attorneys in various practice areas; and offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">Chicago<\/span> and San Diego.\u00a0The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n<p>If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-3&amp;h=3012612145&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Fcytodyn-inc-cytodyn-or-the-company-otcqb-cydy%2F&amp;a=%C2%A0www.whafh.com.\" rel=\"nofollow noopener noreferrer\">\u00a0www.whafh.com.<\/a><\/p>\n<p>Contact: <br \/><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <br \/><span class=\"xn-person\">Kevin Cooper, Esq.<\/span><br \/><span class=\"xn-person\">Gregory Stone<\/span>, Director of Case and Financial Analysis <br \/>Email: <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\">gstone@whafh.com<\/a>, <a target=\"_blank\" href=\"mailto:kcooper@whafh.com\" rel=\"nofollow noopener noreferrer\">kcooper@whafh.com<\/a> or <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>\u00a0<br \/>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY37124&amp;sd=2021-04-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-district-of-new-york-301265650.html\">http:\/\/www.prnewswire.com\/news-releases\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman&#8211;herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-district-of-new-york-301265650.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY37124&amp;Transmission_Id=202104090900PR_NEWS_USPR_____NY37124&amp;DateId=20210409\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lead Plaintiff Deadline is May 17, 2021 PR Newswire NEW YORK, April 9, 2021 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP \u00a0announces that a federal securities class action lawsuit has been filed against CytoDyn, Inc. (&#8220;CytoDyn&#8221; or the &#8220;Company&#8221;) (OTCQB: CYDY) in the United States District Court for the Western District of Washington on behalf of those who purchased or acquired the securities of CytoDyn between March 27, 2020 and March 9, 2021,inclusive (the &#8220;Class Period&#8221;). All investors\u00a0who purchased shares of CytoDyn, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com \u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case \u00a0on our website www.whafh.com. If\u00a0you have &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CYTODYN, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York&#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-474231","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>CYTODYN, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York - 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\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CYTODYN, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lead Plaintiff Deadline is May 17, 2021 PR Newswire NEW YORK, April 9, 2021 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP \u00a0announces that a federal securities class action lawsuit has been filed against CytoDyn, Inc. (&#8220;CytoDyn&#8221; or the &#8220;Company&#8221;) (OTCQB: CYDY) in the United States District Court for the Western District of Washington on behalf of those who purchased or acquired the securities of CytoDyn between March 27, 2020 and March 9, 2021,inclusive (the &#8220;Class Period&#8221;). All investors\u00a0who purchased shares of CytoDyn, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com \u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case \u00a0on our website www.whafh.com. If\u00a0you have &hellip; Continue reading &quot;CYTODYN, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3\/","og_locale":"en_US","og_type":"article","og_title":"CYTODYN, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York - Market Newsdesk","og_description":"Lead Plaintiff Deadline is May 17, 2021 PR Newswire NEW YORK, April 9, 2021 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP \u00a0announces that a federal securities class action lawsuit has been filed against CytoDyn, Inc. (&#8220;CytoDyn&#8221; or the &#8220;Company&#8221;) (OTCQB: CYDY) in the United States District Court for the Western District of Washington on behalf of those who purchased or acquired the securities of CytoDyn between March 27, 2020 and March 9, 2021,inclusive (the &#8220;Class Period&#8221;). All investors\u00a0who purchased shares of CytoDyn, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com \u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case \u00a0on our website www.whafh.com. If\u00a0you have &hellip; Continue reading \"CYTODYN, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-09T13:03:34+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg","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\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cytodyn-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-sou-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CYTODYN, INC. 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