NEW YORK, Jan. 16, 2021 /PRNewswire/ — Rosen Regulation Business, a world wide investor legal rights law company, reminds purchasers of the securities of Sona Nanotech Inc. (OTC:SNANF) in between July 2, 2020 and November 25, 2020, inclusive (the “Course Time period”) of the significant February 16, 2021 guide plaintiff deadline in the securities class motion commenced by the firm. The lawsuit seeks to recuperate damages for Sona traders less than the federal securities rules.
To be part of the Sona class action, go http://www.rosenlegal.com/cases-sign up-1994.html or phone Phillip Kim, Esq. toll-free of charge at 866-767-3653 or electronic mail [email protected] or [email protected] for information and facts on the course action.
In accordance to the lawsuit, defendants all over the Class Period made bogus and/or deceptive statements and/or failed to disclose that: (1) it was unreasonable for Sona to signify that it could acquire effects from industry scientific tests of its COVID-19 antigen check in just a month (2) Sona’s optimistic statements about its COVID-19 antigen test have been unfounded as the U.S. Foodstuff and Drug Administration (“Food and drug administration”) would deprioritize emergency use authorization approval of Sona’s antigen test locating it did not fulfill “the general public health and fitness have to have” criterion (3) it was unreasonable for Sona to believe that that information gathered in excess of such a quick time period of time would be adequate for approval of its antigen exam by possibly the Food and drug administration or Health Canada (4) Sona would have to withdraw its submission for Interim Get authorization from Overall health Canada for the advertising of its COVID-19 antigen examination as it lacked enough clinical information to help acceptance and (5) as a outcome, defendants’ statements about its company, operations, and prospects, were being materially untrue and misleading and/or lacked a realistic foundation at all related instances. When the legitimate aspects entered the industry, the lawsuit promises that traders experienced damages.
A class motion lawsuit has now been submitted. If you want to provide as guide plaintiff, you ought to shift the Court no later than February 16, 2021. A direct plaintiff is a representative celebration acting on behalf of other course users in directing the litigation. If you want to be part of the litigation, go to http://www.rosenlegal.com/cases-register-1994.html or to go over your rights or interests relating to this course action, please get hold of Phillip Kim, Esq. of Rosen Legislation Firm toll no cost at 866-767-3653 or by using e-mail at [email protected] or [email protected]
NO Course HAS Nevertheless BEEN Accredited IN THE Above Motion. Right until A Course IS Accredited, YOU ARE NOT REPRESENTED BY COUNSEL Unless YOU Keep Just one. YOU Might Keep COUNSEL OF YOUR Choice. YOU May ALSO Remain AN ABSENT Course MEMBER AND DO Practically nothing AT THIS Issue. AN INVESTOR’S Means TO SHARE IN ANY Possible Potential Recovery IS NOT DEPENDENT On SERVING AS Guide PLAINTIFF.
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