{"id":476317,"date":"2021-04-14T09:33:14","date_gmt":"2021-04-14T13:33:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-fibrogen-inc-fgen-officers-and-directors-under-investigation-for-false-statements-and-insider-trading\/"},"modified":"2021-04-14T09:33:14","modified_gmt":"2021-04-14T13:33:14","slug":"shareholder-alert-fibrogen-inc-fgen-officers-and-directors-under-investigation-for-false-statements-and-insider-trading","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-fibrogen-inc-fgen-officers-and-directors-under-investigation-for-false-statements-and-insider-trading\/","title":{"rendered":"SHAREHOLDER ALERT: FibroGen, Inc. (FGEN) Officers and Directors Under Investigation for False Statements and Insider Trading"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN FRANCISCO<\/span>, <span class=\"xn-chron\">April 14, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Schubert Jonckheer &amp; Kolbe LLP is investigating potential derivative claims on behalf of shareholders of FibroGen, Inc. (NASDAQ: FGEN) relating to possible false statements to investors and insider trading by officers and directors.\u00a0 <\/p>\n<p>On <span class=\"xn-chron\">April 6, 2021<\/span>, FibroGen announced a clarification of certain prior disclosures related to roxadustat, a new drug for the treatment of anemia of chronic kidney disease. Specifically, the company disclosed that the drug&#8217;s Phase 3 safety analyses, which were first published in <span class=\"xn-chron\">November 2019<\/span>, included &#8220;post-hoc changes to the stratification factors&#8221; which gave investors a misleading impression of roxadustat&#8217;s cardiovascular safety profile. FibroGen further announced that based on analyses using &#8220;pre-specified&#8221; stratification factors, the company could no longer support certain key conclusions about the drug. FibroGen&#8217;s <span class=\"xn-chron\">April 6<\/span> disclosure caused a sharp drop in the company&#8217;s stock price, wiping out more than <span class=\"xn-money\">$1.3 billion<\/span> of shareholder value.<\/p>\n<p>Between <span class=\"xn-chron\">November 2019<\/span> and <span class=\"xn-chron\">April 2021<\/span>, several FibroGen officers and directors sold nearly <span class=\"xn-money\">$11.5 million<\/span> of company stock while outside investors remained unaware of the differing stratification factors.<\/p>\n<p>The Schubert Firm is investigating potential breaches of fiduciary duty by the company&#8217;s directors and officers in connection with these allegations.<\/p>\n<p>\n        <b>If you own stock in FibroGen and wish to obtain additional information about your legal rights, please <\/b><br \/>\n        <b><br \/>\n          <u><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3128536-1&amp;h=3102076169&amp;u=https%3A%2F%2Fwww.classactionlawyers.com%2Fblog%2Ffibrogen&amp;a=contact+us\" rel=\"nofollow noopener\">contact us<\/a><br \/>\n          <\/u><br \/>\n        <\/b><br \/>\n        <b>\u00a0today or visit our website at <\/b><br \/>\n        <b><br \/>\n          <u><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3128536-1&amp;h=2332391086&amp;u=https%3A%2F%2Fwww.classactionlawyers.com%2Fblog%2Ffibrogen&amp;a=https%3A%2F%2Fwww.classactionlawyers.com%2Fblog%2Ffibrogen\" rel=\"nofollow noopener\">https:\/\/www.classactionlawyers.com\/blog\/fibrogen<\/a><br \/>\n          <\/u><br \/>\n        <\/b><br \/>\n        <b>.<\/b>\n      <\/p>\n<p>\n        <b>About Schubert Jonckheer &amp; Kolbe<br \/><\/b><br \/>\n        <u><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3128536-1&amp;h=1603877696&amp;u=https%3A%2F%2Fwww.classactionlawyers.com%2F&amp;a=Schubert+Jonckheer+%26+Kolbe\" rel=\"nofollow noopener\">Schubert Jonckheer &amp; Kolbe<\/a><br \/>\n        <\/u>\u00a0represents shareholders, employees, and consumers in class actions against corporate defendants, as well as shareholders in derivative actions against their officers and directors. The firm is based in <span class=\"xn-location\">San Francisco<\/span>, and with the help of co-counsel, litigates cases nationwide.<\/p>\n<p>\n        <b>Contact<br \/><\/b><br \/>\n        <span class=\"xn-person\">Alexandra K. Green<\/span><br \/>\n        <br \/>Schubert Jonckheer &amp; Kolbe<br \/><a target=\"_blank\" href=\"mailto:agreen@sjk.law\" rel=\"nofollow noopener\">agreen@sjk.law<\/a><br \/>Tel: 415-788-4220<\/p>\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=DC42078&amp;sd=2021-04-14\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-fibrogen-inc-fgen-officers-and-directors-under-investigation-for-false-statements-and-insider-trading-301268684.html\">http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-fibrogen-inc-fgen-officers-and-directors-under-investigation-for-false-statements-and-insider-trading-301268684.html<\/a><\/p>\n<p>SOURCE  Schubert Jonckheer &amp; Kolbe LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC42078&amp;Transmission_Id=202104140930PR_NEWS_USPR_____DC42078&amp;DateId=20210414\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN FRANCISCO, April 14, 2021 \/PRNewswire\/ &#8212;\u00a0Schubert Jonckheer &amp; Kolbe LLP is investigating potential derivative claims on behalf of shareholders of FibroGen, Inc. (NASDAQ: FGEN) relating to possible false statements to investors and insider trading by officers and directors.\u00a0 On April 6, 2021, FibroGen announced a clarification of certain prior disclosures related to roxadustat, a new drug for the treatment of anemia of chronic kidney disease. Specifically, the company disclosed that the drug&#8217;s Phase 3 safety analyses, which were first published in November 2019, included &#8220;post-hoc changes to the stratification factors&#8221; which gave investors a misleading impression of roxadustat&#8217;s cardiovascular safety profile. FibroGen further announced that based on analyses using &#8220;pre-specified&#8221; stratification factors, the company could no longer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-fibrogen-inc-fgen-officers-and-directors-under-investigation-for-false-statements-and-insider-trading\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: FibroGen, Inc. (FGEN) Officers and Directors Under Investigation for False Statements and Insider Trading&#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-476317","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>SHAREHOLDER ALERT: FibroGen, Inc. (FGEN) Officers and Directors Under Investigation for False Statements and Insider Trading - 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\/shareholder-alert-fibrogen-inc-fgen-officers-and-directors-under-investigation-for-false-statements-and-insider-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: FibroGen, Inc. (FGEN) Officers and Directors Under Investigation for False Statements and Insider Trading - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, April 14, 2021 \/PRNewswire\/ &#8212;\u00a0Schubert Jonckheer &amp; Kolbe LLP is investigating potential derivative claims on behalf of shareholders of FibroGen, Inc. (NASDAQ: FGEN) relating to possible false statements to investors and insider trading by officers and directors.\u00a0 On April 6, 2021, FibroGen announced a clarification of certain prior disclosures related to roxadustat, a new drug for the treatment of anemia of chronic kidney disease. Specifically, the company disclosed that the drug&#8217;s Phase 3 safety analyses, which were first published in November 2019, included &#8220;post-hoc changes to the stratification factors&#8221; which gave investors a misleading impression of roxadustat&#8217;s cardiovascular safety profile. FibroGen further announced that based on analyses using &#8220;pre-specified&#8221; stratification factors, the company could no longer &hellip; Continue reading &quot;SHAREHOLDER ALERT: FibroGen, Inc. 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(NASDAQ: FGEN) relating to possible false statements to investors and insider trading by officers and directors.\u00a0 On April 6, 2021, FibroGen announced a clarification of certain prior disclosures related to roxadustat, a new drug for the treatment of anemia of chronic kidney disease. Specifically, the company disclosed that the drug&#8217;s Phase 3 safety analyses, which were first published in November 2019, included &#8220;post-hoc changes to the stratification factors&#8221; which gave investors a misleading impression of roxadustat&#8217;s cardiovascular safety profile. FibroGen further announced that based on analyses using &#8220;pre-specified&#8221; stratification factors, the company could no longer &hellip; Continue reading \"SHAREHOLDER ALERT: FibroGen, Inc. 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