Geron Corporation faces securities fraud class action lawsuit
- Kessler Topaz Meltzer & Check, LLP has filed a class action lawsuit against Geron Corporation for alleged securities fraud.
- The lawsuit claims Geron provided misleading information about its product RYTELO's revenue outlook and market viability.
- Investors affected by this alleged misconduct are encouraged to seek participation in the class action before the May 12, 2025 deadline.
In the United States, on March 25, 2025, Kessler Topaz Meltzer & Check, LLP announced that they have initiated a securities fraud class action lawsuit against Geron Corporation. The suit claims that between February 28, 2024, and February 25, 2025, the company made false and misleading statements regarding its financial outlook and product performance that misled investors. The lawsuit alleges that Geron misrepresented the revenue outlook for its primary product, RYTELO, claiming higher potential than reality while downplaying market risks and competition. As a result, many investors believe their financial interests have been significantly harmed. A deadline for class members to file for lead plaintiff status is set for May 12, 2025, providing an opportunity for investors who suffered losses to participate in the lawsuit. The law firm is seeking to represent a class of investors who purchased Geron securities during the specified period and aims to hold the company's executives accountable for their alleged misconduct, ensuring that investors can recover their losses from the investments that were impacted by these alleged fraudulent actions.