SAN DIEGO, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Valneva SE ("Valneva" or the "Company") ( VALN).
On or about May 6, 2021, Valneva sold approximately 3.5 million shares of stock in its initial public stock offering (the "IPO") at $26.41 a share, raising nearly $100 million in new capital.
On September 13, 2021, Valneva reported the UK Government has terminated an agreement for its Covid-19 vaccination over allegations of a breach of the agreement. Following this news, Valneva stock was trading down over 35% in pre-market trading on September 13, 2021.
Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its May 2021 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.
If you have information that could assist in this investigation, including past employees and others, or if you are a Valneva shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
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