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CERE DEADLINE TUESDAY: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Cerevel Therapeutics Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action - CERE
CERECerevel Therapeutics Holdings(CERE) GlobeNewswire News Room·2025-06-01 22:25

Core Viewpoint - Rosen Law Firm is reminding investors who sold or held shares of Cerevel Therapeutics Holdings, Inc. during a specified period about their potential entitlement to compensation through a class action lawsuit [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from October 11, 2023, to August 1, 2024, and includes those who held shares as of January 8, 2024, and those who sold shares around Bain Capital's purchase on October 16, 2023 [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The deadline to serve as lead plaintiff is June 3, 2025, which requires a motion to the Court [3]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has a history of significant settlements, including over 438millionrecoveredforinvestorsin2019alone[4].Group3:CaseAllegationsThelawsuitallegesthatduringtheclassperiod,CerevelscontrollingshareholdersmadefalseandmisleadingstatementsrelatedtoasecondarystockofferingonOctober16,2023[5].ThesecondaryofferingwaspurportedlydesignedtoallowBainCapitaltoincreaseitsstakeinCerevelatadiscountedpricebeforeAbbVieInc.sacquisitionannouncement,whichwasmadejust51dayslaterat438 million recovered for investors in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that during the class period, Cerevel's controlling shareholders made false and misleading statements related to a secondary stock offering on October 16, 2023 [5]. - The secondary offering was purportedly designed to allow Bain Capital to increase its stake in Cerevel at a discounted price before AbbVie Inc.'s acquisition announcement, which was made just 51 days later at 45 per share, nearly double the offering price [5].