SHAREHOLDER ALERT: Holzer & Holzer, LLC Reminds Investors of the August 6, 2024 Lead Plaintiff Deadline in Class Action Lawsuits Filed on Behalf of Gritstone bio, Inc. (GRTS) and FAT Brands Inc. (FAT) Shareholders
Gritstone bioGritstone bio(US:GRTS) GlobeNewswire News Room·2024-07-31 19:38

Group 1: Gritstone bio, Inc. - A shareholder class action lawsuit has been filed against Gritstone bio, Inc. alleging that the company made materially false and misleading statements regarding its ability to launch the Phase 2b CORAL Study on time [2] - The lawsuit claims that Gritstone's inability to launch the study would impair its ability to secure external funding, negatively affecting its balance sheet and cash position [2] - It is alleged that Gritstone overstated its capability to successfully develop and commercialize its products [2] Group 2: FAT Brands Inc. - A shareholder class action lawsuit has been filed against FAT Brands Inc. alleging that the company failed to disclose improper payments received by its Chairman and former CEO, exposing it to potential criminal liability [4] - The lawsuit contends that the statements made by the defendants regarding the business, operations, and prospects of FAT Brands were materially false and misleading [4] - The deadline for shareholders who suffered significant losses between March 24, 2022, and May 10, 2024, to seek lead plaintiff status is August 6, 2024 [5]