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Breaking News: APLT Faces Securities Fraud Class Action Lawsuit – What Investors Need to Know

Breaking News: APLT Faces Securities Fraud Class Action Lawsuit – What Investors Need to Know

RADNOR, Pa., Dec. 27, 2024 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Applied Therapeutics, Inc. (“Applied Therapeutics”) (NASDAQ: APLT) on behalf of those who purchased or otherwise acquired Applied Therapeutics securities between January 3, 2024, and December 2, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is February 18, 2025.

What Happened?

Applied Therapeutics, a pharmaceutical company specializing in the development of treatments for rare genetic diseases, is facing allegations of securities fraud. The lawsuit claims that the company made false and misleading statements about the efficacy of its products, leading investors to believe that they were investing in a promising venture.

How will this affect investors?

Investors who purchased Applied Therapeutics securities during the specified Class Period may be eligible to join the class action lawsuit. If the allegations of securities fraud are proven true, investors could face significant financial losses. It is important for investors to stay informed about the progress of the lawsuit and seek legal counsel if necessary.

How will this affect the world?

The outcome of this lawsuit could have broader implications for the pharmaceutical industry as a whole. If Applied Therapeutics is found guilty of securities fraud, it may lead to increased scrutiny of other companies in the sector. Investors and consumers alike may become more hesitant to trust pharmaceutical companies, impacting the development and availability of treatments for rare diseases.

Conclusion

It is essential for investors to carefully monitor the developments of the securities fraud class action lawsuit against Applied Therapeutics. Seeking legal advice and understanding one’s rights as an investor is crucial during times of uncertainty in the market. The outcome of this case could have far-reaching consequences, not only for investors but also for the pharmaceutical industry and the future of rare disease treatments.

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