Kessler Topaz Meltzer & Check, LLP has announced the filing of a securities class action lawsuit against Kyverna Therapeutics, Inc. ("Kyverna") (NASDAQ: KYTX) on behalf of investors who purchased Kyverna’s common stock pursuant to and/or traceable to the company’s initial public offering (IPO) on February 8, 2024. The class action alleges that Kyverna made materially misleading statements and omissions regarding the company’s operations, business, and prospects, which led to significant financial losses for investors.
The lawsuit claims that, in connection with the IPO, Kyverna failed to disclose adverse data related to one of its clinical trials, which was known to the company at the time of the offering. According to the complaint, these omissions and false statements led investors to make decisions based on incomplete and inaccurate information about Kyverna's true financial position and future prospects.
The lead plaintiff deadline for this case is February 7, 2025. Investors who have suffered losses from their investments in Kyverna stock during the IPO period may seek to be appointed as lead plaintiff in the class action or choose to remain as absent class members. A lead plaintiff acts as a representative for the class in directing the litigation and making decisions on behalf of all class members. Those with the largest financial interest in the case are typically chosen as lead plaintiffs.
Kessler Topaz Meltzer & Check, LLP is encouraging all Kyverna investors who believe they may have been affected by the alleged misconduct to contact the firm for more information. Investors who wish to sign up for the case can do so by clicking here.
In a video, Kessler Topaz Meltzer & Check explains further details about the case. The video can be accessed by clicking here.
About Kessler Topaz Meltzer & Check, LLP
Kessler Topaz Meltzer & Check, LLP is a law firm with a reputation for prosecuting class actions in state and federal courts across the country and worldwide. The firm has a long track record of recovering billions of dollars for victims of fraud and corporate misconduct. Their mission is to protect investors, consumers, employees, and others from corporate abuse, fraud, and negligence.
For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Contact Information:
Jonathan Naji, Esq.
Kessler Topaz Meltzer & Check, LLP
(484) 270-1453
info@ktmc.com
280 King of Prussia Road
Radnor, PA 19087
