{"id":688318,"date":"2022-09-22T20:20:38","date_gmt":"2022-09-23T00:20:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/update-edelson-lechtzin-llp-reminds-enochian-biosciences-inc-investors-of-the-impending-lead-plaintiff-deadline\/"},"modified":"2022-09-22T20:20:38","modified_gmt":"2022-09-23T00:20:38","slug":"update-edelson-lechtzin-llp-reminds-enochian-biosciences-inc-investors-of-the-impending-lead-plaintiff-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/update-edelson-lechtzin-llp-reminds-enochian-biosciences-inc-investors-of-the-impending-lead-plaintiff-deadline\/","title":{"rendered":"UPDATE &#8212; Edelson Lechtzin LLP Reminds Enochian Biosciences, Inc. Investors of the Impending Lead Plaintiff Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEWTOWN, Pa., Sept.  22, 2022  (GLOBE NEWSWIRE) &#8212; The law firm of Edelson Lechtzin LLP reminds investors who purchased Enochian Biosciences Inc. (\u201cEnochian\u201d or the \u201cCompany\u201d) (NASDAQ: ENOB) common stock between February 16, 2018, and June 27, 2022, inclusive (the \u201cClass Period\u201d), of the fast-approaching deadline to file a motion asking the U.S. District Court for the Central District of California to appoint them as lead plaintiff.<\/p>\n<p>Investors who purchased Enochian stock during the Class Period have until September 26, 2022 to select counsel and move for appointment as a lead plaintiff. The lead plaintiff acts as a representative for other class members in directing the litigation. If you continue to hold Enochian shares and wish to discuss your legal options, please contact Edelson Lechtzin LLP, toll free at 1-844-696-7492, or by email at elechtzin@edelson-law.com.<\/p>\n<p>\n        <u>Background on the Enochian Biosciences Securities Class Action<\/u>\n      <\/p>\n<p>The Complaint alleges that Enochian, a pre-clinical stage biotechnology company, through its senior officers, made false and misleading statements and material omissions concerning the Company\u2019s financial performance and future prospects. Specifically, it is alleged that Enochian co-founder Gumrukcu was engaged in a variety of fraudulent misconduct, including that he was not a licensed doctor and the scientific and technological underpinnings of Enochian\u2019s product pipeline, purportedly invented by Gumrukcu, were dubious at best. Thus, Defendants significantly overstated the commercial prospects for the Company\u2019s product pipeline and threatened the integrity of the Company\u2019s scientific findings, thus rendering the Company\u2019s Class Period public statements materially false and misleading.<\/p>\n<p>On May 25, 2022, the U.S. Department of Justice (\u201cDOJ\u201d) announced that Gumrukcu had been arrested and charged in a murder-for-hire conspiracy. This news caused the price of Enochian stock to plummet by $2.17 per share, or 36.97%, to close at $3.70 per share on May 25, 2022. The bad news continued on June 1, 2022, when Hindenburg Research published a report on the Company titled: \u201cMiracle Cures and Murder for Hire: How A Spoon-Bending Turkish Magician Built a $600 Million Nasdaq-Listen Scam Based on A Lifetime of Lies.\u201d The article noted that the individual Gumrukcu was accused of murdering, Gregory Davis, had been scheduled to testify against Gumrukcu. Enochian\u2019s senior leadership knew about Gumrukcu\u2019s criminal history, which included being accused of 14 felonies. This news caused the price of Enochian stock to plummet an additional 28%, or $1.495 a share, to close at $3.77.<\/p>\n<p>If you have held ENOB stock continuously since at least June 26, 2022, and have investment losses, please contact our firm to discuss your legal options:<\/p>\n<p>Marc H. Edelson, Esq.<br \/>Eric Lechtzin, Esq.<br \/>EDELSON LECHTZIN LLP<br \/>411 S. State Street, Suite N-300<br \/>Newtown, PA 18940<br \/>Phone: 844-696-7492 or 215-867-2399 ext. 1<br \/>Email: elechtzin@edelson-law.com<br \/>Web: www.edelson-law.com<\/p>\n<p>\n        <u>About Edelson Lechtzin LLP<\/u>\n      <\/p>\n<p>\n        <strong>Edelson Lechtzin LLP<\/strong> is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and dangerous and defective drugs and medical devices.<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1MjA1NiM1MTY4MTg0IzIyNTE3NTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MzU4ZGRkZjktZjc3Ny00OGQ0LWI3ZjAtMjJlMmU2MTUwNWFkLTEyNjMzMDQ=\/tiny\/Edelson-Lechtzin-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEWTOWN, Pa., Sept. 22, 2022 (GLOBE NEWSWIRE) &#8212; The law firm of Edelson Lechtzin LLP reminds investors who purchased Enochian Biosciences Inc. (\u201cEnochian\u201d or the \u201cCompany\u201d) (NASDAQ: ENOB) common stock between February 16, 2018, and June 27, 2022, inclusive (the \u201cClass Period\u201d), of the fast-approaching deadline to file a motion asking the U.S. District Court for the Central District of California to appoint them as lead plaintiff. Investors who purchased Enochian stock during the Class Period have until September 26, 2022 to select counsel and move for appointment as a lead plaintiff. The lead plaintiff acts as a representative for other class members in directing the litigation. If you continue to hold Enochian shares and wish to discuss your legal &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/update-edelson-lechtzin-llp-reminds-enochian-biosciences-inc-investors-of-the-impending-lead-plaintiff-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UPDATE &#8212; Edelson Lechtzin LLP Reminds Enochian Biosciences, Inc. Investors of the Impending Lead Plaintiff Deadline&#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-688318","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UPDATE - Edelson Lechtzin LLP Reminds Enochian Biosciences, Inc. Investors of the Impending Lead Plaintiff Deadline - 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\/update-edelson-lechtzin-llp-reminds-enochian-biosciences-inc-investors-of-the-impending-lead-plaintiff-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPDATE - Edelson Lechtzin LLP Reminds Enochian Biosciences, Inc. Investors of the Impending Lead Plaintiff Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEWTOWN, Pa., Sept. 22, 2022 (GLOBE NEWSWIRE) &#8212; The law firm of Edelson Lechtzin LLP reminds investors who purchased Enochian Biosciences Inc. (\u201cEnochian\u201d or the \u201cCompany\u201d) (NASDAQ: ENOB) common stock between February 16, 2018, and June 27, 2022, inclusive (the \u201cClass Period\u201d), of the fast-approaching deadline to file a motion asking the U.S. District Court for the Central District of California to appoint them as lead plaintiff. Investors who purchased Enochian stock during the Class Period have until September 26, 2022 to select counsel and move for appointment as a lead plaintiff. The lead plaintiff acts as a representative for other class members in directing the litigation. If you continue to hold Enochian shares and wish to discuss your legal &hellip; Continue reading &quot;UPDATE &#8212; Edelson Lechtzin LLP Reminds Enochian Biosciences, Inc. 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