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July 27, 2021, 9:02 a.m. EDT

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of SPCE, OCGN and CRMD

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July 27, 2021 (ACCESSWIRE via COMTEX) -- NEW YORK, NY / ACCESSWIRE / July 27, 2021 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Virgin Galactic Holdings, Inc. /zigman2/quotes/208333884/composite SPCE -16.83%

Investors Affected : October 26, 2019 - April 30, 2021

A class action has commenced on behalf of certain shareholders in Virgin Galactic Holdings, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) for accounting purposes, Social Capital Hedosophia Holdings Corp.'s ("SCH") warrants were required to be treated as liabilities rather than equities; (ii) Virgin Galactic had deficient disclosure controls and procedures and internal control over financial reporting; (iii) as a result, the Company improperly accounted for SCH warrants that were outstanding at the time of the business combination; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/virgin-galactic-holdings-inc-loss-submission-form/?id=17999&from=1

Ocugen, Inc. /zigman2/quotes/208160861/composite OCGN -13.83%

Investors Affected : February 2, 2021 - June 10, 2021

A class action has commenced on behalf of certain shareholders in Ocugen, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the information submitted to the U.S. Food and Drug Administration ("FDA") was insufficient to support an Emergency Use Authorization ("EUA"), (ii) Ocugen would not file an EUA with the FDA, (iii) as a result of the foregoing, the Company's financial statements, as well as Defendants' statements about Ocugen's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/ocugen-inc-loss-submission-form/?id=17999&from=1

CorMedix Inc. /zigman2/quotes/208661469/composite CRMD -0.60%

Investors Affected : July 8, 2020 - May 13, 2021

A class action has commenced on behalf of certain shareholders in CorMedix Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) deficiencies existed with respect to an investigational drug product, DefenCath's, manufacturing process and/or at the facility responsible for manufacturing DefenCath; (ii) in light of the foregoing deficiencies, the Food and Drug Administration was unlikely to approve the DefenCath new drug application for catheter-related bloodstream infections in its present form; (iii) Defendants had downplayed the true scope of the deficiencies with DefenCath's manufacturing process and/or at the facility responsible for manufacturing DefenCath; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/cormedix-inc-loss-submission-form/?id=17999&from=1

Image: https://www.accesswire.com/users/newswire/images/657207/Gross_CTA-Logo.png

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm

15 West 38th Street, 12th floor

New York, NY, 10018

Email: dg@securitiesclasslaw.com

Phone: (212) 537-9430

Fax: (833) 862-7770

SOURCE: The Gross Law Firm

View source version on accesswire.com:

https://www.accesswire.com/657207/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-SPCE-OCGN-and-CRMD

COMTEX_390506240/2457/2021-07-27T09:02:27

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Copyright 2021 ACCESSWIRE

/zigman2/quotes/208333884/composite
US : U.S.: NYSE
$ 20.01
-4.05 -16.83%
Volume: 59.07M
Oct. 15, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.15 billion
Rev. per Employee
$289.19
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/zigman2/quotes/208160861/composite
US : U.S.: Nasdaq
$ 8.66
-1.39 -13.83%
Volume: 44.38M
Oct. 15, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.72 billion
Rev. per Employee
$2,841
loading...
/zigman2/quotes/208661469/composite
US : U.S.: Nasdaq
$ 4.95
-0.03 -0.60%
Volume: 143,149
Oct. 15, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$188.53 million
Rev. per Employee
$6,835
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