{"id":992950,"date":"2026-08-10T15:01:52","date_gmt":"2026-08-10T19:01:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-erasca-inc-eras\/"},"modified":"2026-08-10T15:01:52","modified_gmt":"2026-08-10T19:01:52","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-erasca-inc-eras","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-erasca-inc-eras\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Erasca, Inc. (ERAS)"},"content":{"rendered":"
\n

NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of all persons or entities who purchased or otherwise acquired Erasca, Inc. (\u201cErasca\u201d or the \u201cCompany\u201d) (NASDAQ: ERAS) securities between January 14, 2025 and April 26, 2026, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that Defendants failed to disclose to investors that: (1) ERAS-0015\u2019s preclinical data was based on improper comparisons to Revolution Medicines, Inc. (\u201cRevMed\u201d) and placed Erasca at risk of violating patent and trade secret protections; and (2) based on the foregoing, Defendants lacked a reasonable basis for their positive statements related to ERAS-0015.<\/p>\n

The Complaint alleges that on April 27, 2026, at 8:31 a.m. EDT before the market opened, Erasca disclosed in a Form 8-K that it had received a letter from legal counsel for RevMed alleging that Erasca\u2019s ERAS0015 infringes a RevMed patent (U.S. Patent No. 12,409,225) and is connected to alleged trade secret misappropriation. The Complaint continues to allege that RevMed also alleged that Erasca had \u201cimproperly compared preclinical data of ERAS-0015 and RMC-6236 in public disclosures\u201d and demanded Erasca cease making \u201cdeceptive and untrue comparative statements comparing ERAS-0015 and RMC-6236.\u201d The Complaint alleges that Erasca stated that it believes the assertions are without merit and intends to contest the allegations.<\/p>\n

The Complaint continues to allege that in response to this news, Erasca\u2019s stock price fell from a closing price of $21.49 on April 24, 2026 to open at $20.70 per share on April 27, 2026. Erasca\u2019s stock price continued to fall, closing at $19.15 on April 27, 2026.<\/p>\n

Investors who purchased or otherwise acquired shares of Erasca should contact the Firm prior to the August 10, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

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

NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of all persons or entities who purchased or otherwise acquired Erasca, Inc. (\u201cErasca\u201d or the \u201cCompany\u201d) (NASDAQ: ERAS) securities between January 14, 2025 and April 26, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants failed to disclose to investors that: (1) ERAS-0015\u2019s preclinical data was based on improper comparisons to Revolution Medicines, Inc. (\u201cRevMed\u201d) and placed Erasca at risk of violating patent and trade secret protections; and (2) based on the foregoing, Defendants lacked a reasonable basis for their positive statements related … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Erasca, Inc. (ERAS)”<\/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-992950","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Erasca, Inc. 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(\u201cErasca\u201d or the \u201cCompany\u201d) (NASDAQ: ERAS) securities between January 14, 2025 and April 26, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants failed to disclose to investors that: (1) ERAS-0015\u2019s preclinical data was based on improper comparisons to Revolution Medicines, Inc. (\u201cRevMed\u201d) and placed Erasca at risk of violating patent and trade secret protections; and (2) based on the foregoing, Defendants lacked a reasonable basis for their positive statements related … Continue reading "Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Erasca, Inc. 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