Los Angeles – (NewMediaWire) – December 28, 2021 – The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Silverback Therapeutics, Inc. (Silverback Company) (NASDAQ: SBTX) for violations of federal securities laws.
Investors who purchased shares of the Company as part of the Company’s initial public offering conducted on December 3, 2020 (the IPO) or between December 3, 2020 and September 10, 2021 inclusive (the Recourse Period) included and / or related to it (the Recourse Period) are encouraged to contact the firm before January 4, 2022.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website atwww.schallfirm.com, or by email to[email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose not to take any action, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Silverbacks’ product candidate, SBT6050, was not as effective as the company had advertised to investors. The Company greatly overestimated the clinical and commercial prospects of the product candidates. Based on these facts, the company’s public statements and IPO documents were false and misleading throughout the litigation period. When the market learned the truth about Silverback, investors suffered damage.
Join the case to recoup your losses.
Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.
Schall Law Firm
Brian Schall, Esq.,
Schall Law Firm
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