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ANRO LAWSUIT ALERT: The Gross Law Firm Notifies Alto Neuroscience, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Alto NeuroscienceAlto Neuroscience(US:ANRO) GlobeNewswire News Roomยท2025-08-18 19:56

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Alto Neuroscience, Inc. (NYSE: ANRO) who purchased shares during a specified class period, alleging that the company made materially false and misleading statements regarding its product pipeline and business prospects [1][4]. Group 1: Class Action Details - The class period for the lawsuit includes all persons and entities that purchased Alto common stock from February 2, 2024, to October 22, 2024 [3]. - Shareholders are encouraged to register for the class action by the deadline of September 19, 2025, to potentially be appointed as lead plaintiff [5]. Group 2: Allegations Against the Company - The complaint alleges that the effectiveness of Alto's product pipeline, specifically ALTO-100, in treating major depressive disorder was overstated [4]. - It is claimed that the clinical, regulatory, and commercial prospects of ALTO-100 were misrepresented, leading to an inflated perception of Alto's business and financial outlook [4]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceit and fraud, emphasizing the importance of responsible business practices [6].