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You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of April 30, 2021 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
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January 28, 2021 - The court preliminarily approved the settlement.
December 7, 2020 - A stipulation of settlement was filed by the parties.
June 24, 2020 - A consolidated second amended complaint was filed.
April 28, 2020 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.
November 26, 2019 - A motion to dismiss the consolidated amended complaint was filed.
September 23, 2019 - A corrected the consolidated amended complaint was filed.
September 20, 2019 - A consolidated amended complaint was filed.
May 8, 2019 - An investor in shares of Nabriva Therapeutics plc (NASDAQ: NBRV) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Nabriva Therapeutics plc in connection with certain allegedly false and misleading statements made between November 1, 2018 and April 30, 2019.
Dublin, Ireland based Nabriva Therapeutics plc, a biopharmaceutical company, engages in the research and development of anti-infective agents to treat infections in humans. Nabriva Therapeutics plc reported that its Total Revenue rose from $5.31 million in 2017 to $9.65 million in 2018 and that its Net Loss increased from $74.35 million in 2017 to $114.78 million in 2018. On April 30, 2019, Nabriva Therapeutics plc revealed that it had received a Complete Response Letter (“CRL”) from the U.S. Food and Drug Administration (“FDA”) for its New Drug Application (“NDA”) for CONTEPO™ (fosfomycin) for injection for the treatment of complicated urinary tract infections. According to the CRL, Nabriva Therapeutics plc had to address certain “issues related to facility inspections and manufacturing deficiencies at one of Nabriva’s contract manufacturers” before the FDA would approve the NDA. Shares of Nabriva Therapeutics plc (NASDAQ: NBRV) declined on May 3, 2019 to as low as $2.02 per share. According to the complaint the plaintiff alleges on behalf of purchasers of Nabriva Therapeutics plc (NASDAQ: NBRV) common shares between November 1, 2018 and April 30, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 1, 2018 and April 30, 2019, the Defendants failed to disclose to investors that the Company’s manufacturers failed to meet good manufacturing practices, that these manufacturers would be subject to inspections by the FDA in connection with the Company’s NDA, that, as a result of the manufacturing deficiencies, the Company’s NDA for CONTEPO was unlikely to be approved by the FDA; and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.