Lawsuit Overview
December 15, 2015 (Update) - The case was voluntarily dismissed.
November 09, 2015 (Shareholders Foundation) - An investor in shares of Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) filed a lawsuit in the U.S. District Court for the District of Nevada over alleged violations of Federal Securities Laws by Spectrum Pharmaceuticals, Inc. in connection with certain allegedly false and misleading statements made between May 7, 2015 and October 23, 2015.
According to the complaint the plaintiff alleges on behalf of purchasers of Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) common shares between May 7, 2015 and October 23, 2015, that the defendants violated Federal Securities Laws.
On October 23, 2015, Spectrum Pharmaceuticals, Inc announced that it has received a Complete Response Letter from the U.S. Food and Drug Administration (FDA). Spectrum Pharmaceuticals, Inc said that in the letter, the FDA did not identify any clinical deficiency in Spectrum's NDA package.
Shares of Spectrum Pharmaceuticals, Inc (NASDAQ:SPPI) declined on October 23, 2015 to as low as $4.89 per share.