Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 16, 2020 to file lead plaintiff applications in securities class action lawsuits against Portola Pharmaceuticals, Inc. (NasdaqGS: PTLA).
Portola and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On January 9, 2020, the Company disclosed preliminary net revenues for 4Q2019 significantly below analysts’ consensus estimates due to falling demand for its lead product, Andrexxa, and that it was taking a substantial charge of $5 million for unused and returned product previously recognized as revenue.
On this news, the price of Portola’s shares plummeted.
If you purchased securities of Portola 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 (email@example.com), or fill out the form on this page.