NEW YORK, Dec. 1, 2014 /PRNewswire/ -- Levi & Korsinsky
announces that a class action lawsuit has been commenced in the
United States District Court for the Central District of
California on behalf of investors
who purchased Arrowhead Research Corp. ("Arrowhead Research" or the
"Company") (NasdaqGS: ARWR) stock between August 12, 2014 and October 8, 2014.
For more information, click here:
http://zlk.9nl.com/arrowhead-research-arwr.
The complaint alleges that Arrowhead Research materially
misstated clinical trial information from its experimental
hepatitis B therapy ARC-520 by falsely suggesting that the therapy
was more effective than it actually was.
On October 8, 2014, Arrowhead
Research released disappointing data for its experimental therapy.
That same day, it was reported on TheStreet.com that the Company
had misled investors as to the potency and achieved viral load
reductions of the therapy. Upon this news shares of Arrowhead
Research fell over 43% to close at $7.03 per share on October
8, 2014.
If you suffered a loss in Arrowhead Research you have until
December 9, 2014 to request that the
Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/arrowhead-research-arwr.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 28 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP