According to the lawsuit, the materials supporting the IPO and defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- the Collaboration Agreement with Takeda was not solid;
- Takeda and Shattuck would “mutually agree” to terminate the Collaboration Agreement in essentially one year;
- as a result, Shattuck would cease to receive any future milestone, royalty, or other payments from Takeda; and
- as a result, defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis 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.
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