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LOS ANGELES, CA / ACCESSWIRE / December 2, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Fortress Biotech, Inc. (Fortress or the Company) (NASDAQ: FBIO ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Companys securities between December 11, 2019 and October 9, 2020, inclusive (the Class Period), are encouraged to contact the firm before January 26, 2021. If you are a shareholder who suffered a loss, click here to participate . We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firms website at www.schallfirm.com or by email at brian@schallfirm.com . The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Fortress majority-controlled subsidiary Avenue Therapeutics Inc. submitted a New Drug Application (NDA) for its IV Tramadol product in December 2019. In fact, IV Tramadol was not safe for use with its intended patients. Based on these safety problems, it was not likely that the FDA would approve the NDA for IV Tramadol. Based on this news, the Companys public statements were false and materially misleading throughout the class period. When the market learned the truth about Fortress, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq., Office: 310-301-3335 info@schallfirm.com www.schallfirm.com SOURCE: The Schall Law Firm View source version on accesswire.com: https://www.accesswire.com/619197/SHAREHOLDER-ACTION-ALERT-The-Schall-Law-Firm-Announces-the-Filing-of-a-Class-Action-Lawsuit-Against-Fortress-Biotech-Inc-and-Encourages-Investors-with-Losses-in-Excess-of-100000-to-Contact-the-Firm View comments
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