{"id":802392,"date":"2025-01-21T05:48:23","date_gmt":"2025-01-21T10:48:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-that-lost-money-on-applied-therapeutics-inc-aplt-should-contact-levi-korsinsky-about-pending-class-action-aplt\/"},"modified":"2025-01-21T05:48:23","modified_gmt":"2025-01-21T10:48:23","slug":"shareholders-that-lost-money-on-applied-therapeutics-inc-aplt-should-contact-levi-korsinsky-about-pending-class-action-aplt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-that-lost-money-on-applied-therapeutics-inc-aplt-should-contact-levi-korsinsky-about-pending-class-action-aplt\/","title":{"rendered":"Shareholders that lost money on Applied Therapeutics, Inc.(APLT) should contact Levi & Korsinsky about pending Class Action – APLT"},"content":{"rendered":"
\n

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

\n

\n
\n NEW YORK<\/span>
\n <\/span>, Jan. 21, 2025<\/span><\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Applied Therapeutics, Inc.<\/b> (“Applied Therapeutics” or the “Company”) (NASDAQ: APLT) of a class action securities lawsuit.<\/p>\n

\n

\n
\n \"Levi
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n CLASS DEFINITION: <\/b>The lawsuit seeks to recover losses on behalf of Applied Therapeutics investors who were adversely affected by alleged<\/span><\/span> securities fraud<\/span><\/span> between January 3, 2024<\/span> and December 2, 2024<\/span>. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n

\n https:\/\/zlk.com\/pslra-1\/applied-therapeutics-inc-lawsuit-submission-form?prid=123838&wire=4<\/a>\u00a0<\/p>\n

\n APLT<\/b>\u00a0investors may also contact Joseph E. Levi, Esq.<\/span> via email at\u00a0jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n

\n CASE DETAILS: <\/b>According to the complaint, on November 27, 2024<\/span>, Applied Therapeutics issued a press release announcing that it had received a Complete Response Letter (CRL) for the New Drug Application (NDA) for govorestat, the Company’s lead drug candidate. The CRL indicated that the FDA completed its review of the application and determined that it was unable to approve the NDA in its current form citing deficiencies in the clinical application. Following this news, the price of Applied Therapeutics’ common stock declined dramatically. From a closing market price of $10.21<\/span> per share on November 26, 2024<\/span>, Applied Therapeutics’ stock price fell to $8.57<\/span> per share on November 27, 2024<\/span> before falling further to $2.03<\/span> on November 29, 2024<\/span> and $1.75<\/span> per share on December 2, 2024<\/span>, a total decline of more than 80%.\u00a0 After market hours on December 2, 2024<\/span>, Applied Therapeutics disclosed it received a “warning letter” from the FDA referring to the clinical trial issues underlying the CRL. Applied Therapeutics’ disclosure of the “warning letter” prompted a further decline in the stock price as investors discovered the seriousness and severity of the Company’s clinical trial errors. From a closing market price of $1.75<\/span> per share on December 2, 2024<\/span>, Applied Therapeutics’ stock price fell to $1.69<\/span> per share on December 3, 2024<\/span> before falling further to $1.38<\/span> per share on December 4, 2024<\/span> and $1.29<\/span> per share on December 5, 2024<\/span>.<\/p>\n

\n WHAT’S NEXT? <\/b>If you suffered a loss in Applied Therapeutics during the relevant time frame, you have until February 18, 2025<\/span><\/b>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

\n NO COST TO YOU: <\/b>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.<\/b><\/p>\n

\n WHY LEVI & KORSINSKY: <\/b>Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States<\/span>.<\/p>\n

\n CONTACT:<\/b>
\n
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.<\/span>
Ed Korsinsky, Esq.<\/span>
33 Whitehall Street, 17th Floor
New York, NY<\/span> 10004
jlevi@levikorsinsky.com<\/a>\u00a0
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com<\/a><\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/shareholders-that-lost-money-on-applied-therapeutics-incaplt-should-contact-levi–korsinsky-about-pending-class-action—aplt-302355544.html<\/a><\/p>\n

SOURCE Levi & Korsinsky, LLP<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK , Jan. 21, 2025 \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Applied Therapeutics, Inc. (“Applied Therapeutics” or the “Company”) (NASDAQ: APLT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Applied Therapeutics investors who were adversely affected by alleged securities fraud between January 3, 2024 and December 2, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/applied-therapeutics-inc-lawsuit-submission-form?prid=123838&wire=4\u00a0 APLT\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, on November 27, 2024, Applied Therapeutics issued a press release announcing that it had received a Complete … <\/p>\n

Continue reading “Shareholders that lost money on Applied Therapeutics, Inc.(APLT) should contact Levi & Korsinsky about pending Class Action – APLT”<\/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-802392","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nShareholders that lost money on Applied Therapeutics, Inc.(APLT) should contact Levi & Korsinsky about pending Class Action - APLT - 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\/shareholders-that-lost-money-on-applied-therapeutics-inc-aplt-should-contact-levi-korsinsky-about-pending-class-action-aplt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholders that lost money on Applied Therapeutics, Inc.(APLT) should contact Levi & Korsinsky about pending Class Action - APLT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Jan. 21, 2025 \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Applied Therapeutics, Inc. (“Applied Therapeutics” or the “Company”) (NASDAQ: APLT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Applied Therapeutics investors who were adversely affected by alleged securities fraud between January 3, 2024 and December 2, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/applied-therapeutics-inc-lawsuit-submission-form?prid=123838&wire=4\u00a0 APLT\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. 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