On May 1, 2017, Levi & Korsinsky, LLP was appointed to serve as Co-Lead Counsel by Judge Michael M. Baylson in the consolidated class action entitled In re Egalet Corporation Sec. Litig.
(Case No. 2:17-cv-00617). This is a securities class action against Egalet Corporation pending in the United States District Court for the Eastern District of Pennsylvania. Levi & Korsinsky represents Lead Plaintiffs Joseph Spizzirri, Abdul Rahiman, and Kyle Kobold and other members of the class in the consolidated action.
The class action alleges that during the Class Period, among other allegations, Egalet made materially false and/or misleading statements concerning its lead product, ARYMO ER and the likelihood the product would receive its requested abuse-deterrent labeling.
Levi & Korsinsky looks forward to representing those shareholders alleged to have been harmed by this conduct and achieving a positive result in this lawsuit on their behalf. For more information about this case, please contact Levi & Korsinsky attorneys Adam Apton or Nicholas Porritt.
A copy of the Order dated May 1, 2017 may be found here