NASDAQ: SAVA

Cassava Sciences, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Cassava Sciences, Inc. (NASDAQ: SAVA) between August 18, 2022 and October 12, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 2, 2024.

If you purchased Cassava securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:August 18, 2022 through October 12, 2023

Deadline:

34 Days
If you purchased Cassava securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:

  • Cassava failed to maintain adequate and effective data management controls and procedures related to its drug research programs;
  • as a result, the data published in support of simufilam, Cassava’s lead therapeutic drug candidate, were susceptible to manipulation to overstate the drug’s effectiveness;
  • accordingly, Cassava had misrepresented the efficacy of its research programs and the clinical and/or commercial prospects of simufilam;
  • all of the foregoing, once revealed, was likely to subject Cassava to significant financial and/or reputational harm; and
  • as a result, Cassava’s public statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Cassava Sciences, Inc.
Stock Symbol: SAVA
Class Period: August 18, 2022 through October 12, 2023
Court: United States District Court for the Northern District of Illinois

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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