MacroGenics, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - MGNX

PRNewswire 17-Sep-2024 8:30 AM

LOS ANGELES, Sept. 17, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against MacroGenics, Inc. ("MacroGenics" or "the Company") (NASDAQ:MGNX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of MGNX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CASE DETAILS: The complaint alleges that MacroGenics made false and misleading statements when it continually touted the early interim safety data results from the TAMARACK Phase 2 study. The truth emerged on May 9 when the Company presented updated safety and efficacy data for its cancer treatment study TAMARACK. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about MacroGenics, investors suffered damages.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709

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SOURCE DJS Law Group LLP