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Class Action Cases

A class action has been filed on behalf of PTLA Investors. Click "Join this Class Action" above.

Attorneys

(English) Portola Pharmaceuticals, Inc.

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对不起,此内容只适用于美式英文

Press Release

(English) SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Portola Pharmaceuticals, Inc. – PTLA

New York, N.Y., January 21, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Portola Pharmaceuticals, Inc.(NASDAQ: PTLA) between November 5, 2019 and January 9,2020, inclusive (the “Class Period”).

To join the PTLA class action, go to http://zhanginvestorlaw.com/cases/portola-pharmaceuticals-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU NEED NOT BE A LEAD PLAINTIFF IN ORDER TO OBTAIN A RECOVERY.

According to the lawsuit, throughout the Class Period (1) Portola’s internal control over financial reporting regarding reserve for product returns was not effective; (2) Portola was shipping longer-dated product with 36-month shelf life; (3) Portola had not established adequate reserve for returns of prior shipments of short-dated product; (4) as a result, Portola was reasonably likely to need to “catch up” on accounting for return reserves; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 16, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/portola-pharmaceuticals-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.