On July 16, 2013, HGT Law filed an opt-out securities lawsuit on behalf of approximately thirty investors of Dendreon Corporation in Washington federal court. The lawsuit arises from the events of August 4, 2011, when Dendreon’s stock price plummeted by approximately 67%, erasing $3.5 billion from the company’s market capitalization. Based on a detailed investigation conducted by our firm, our clients allege that Dendreon and its executives inflated Dendreon’s stock price between April 2010 and August 2011 through multiple fraudulent misstatements and omissions. Investors suffered significant losses when this fraud was eventually revealed. To read the allegations in detail, please read the filed complaint here. For more information on shareholder opt-out actions, please read here.
HGT Law handles a variety of lawsuits for aggrieved investors, including shareholder securities opt-out lawsuits and shareholder derivative lawsuits against corporate directors and officers. Our mission is to protect investors, whether in the financial markets, real estate, or small businesses. For more information about the Dendreon opt-out lawsuit or any of our other cases, please contact us on (212) 572-6434 or via email at firstname.lastname@example.org.