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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 24, 2021 to file lead plaintiff applications in securities class action lawsuits against Athira Pharma, Inc. (“Athira” or the “Company”) (NasdaqGS: ATHA), if they purchased the Company’s securities between September 18, 2020 through June 17, 2021, inclusive (the “Class Period”) and/or pursuant to the Company’s September 2020 initial public offering.
Athira and certain of its executives are charged with failing to disclose material information during the Class Period and/or in the Registration Statement and Prospectus issued in conjunction with the initial public offering, violating federal securities laws.
On June 17, 2021, the Company disclosed that the Board of Directors had placed President and Chief Executive Officer Leen Kawas “on temporary leave pending a review of actions stemming from doctoral research [Kawas] conducted while at Washington State University,” and that the Company’s COO had “assumed day-to-day leadership responsibilities for the Company, effective immediately.” That same day, STAT News reported that the investigation of Kawas related to allegations that she altered images in four separate research papers as the lead author while she was a graduate student.
On this news, the Company’s stock price fell $7.09 per share, or nearly 39%, to close at $11.15 per share on June 18, 2021, on unusually heavy trading volume.
If you purchased securities of Athira and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The cases, filed on the same day, are Wang v. Athira Pharma, Inc., 21-cv-00861, Jawandha v. Athira Pharma, Inc., 21-cv-00862 and Slyne v. Athira Pharma, Inc., 21-cv-00864.
Click here to read the first filed complaint.
Click here to read the subsequent complaint.