In Re Spero Therapeutics, Inc. Securities Litigation
Case Number:
1:22-cv-03125
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
-
October 29, 2024
Biopharma Co. Escapes Investor Suit Over Drug Approval Lies
Biopharmaceutical company Spero Therapeutics Inc. has escaped a proposed investor class action accusing it of concealing warning signs that it would not secure regulatory approval of one of its drugs, with the court ruling that Spero's interactions with the U.S. Food and Drug Administration do not indicate Spero should have known its application would be rejected.
-
May 27, 2022
Biopharma Co.'s Lies Caused Investor Losses, Suit Claims
Biopharmaceutical company Spero Therapeutics Inc. has been hit with a proposed class action suit from an investor who claims the company made false and misleading statements about the regulatory approval of one of its developed drugs, causing stock-price drops and financial damages to shareholders as a result.