IOVANCE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Iovance Biotherapeutics, Inc. – IOVA

By , in PR PR California on .

NEW ORLEANS, Jan. 12, 2018 – Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Iovance Biotherapeutics, Inc. (NasdaqGM: IOVA).  

On November 12, 2014, Iovance (formerly “Lion Biotechnologies, Inc.”) issued a press release announcing the resignation of Chief Executive Officer, Manish Singh.  Then, on April 10, 2017, the Securities and Exchange Commission (“SEC”) issued an order concluding that “from September 2013 to March 2014, Lion, through [Singh], engaged in a scheme to mislead investors by commissioning over 10 internet publications and 20 widely distributed emails promoting Lion to potential investors that purported to be independent from the company when, in fact, they were paid promotions.” The SEC also found that the Company had engaged in “improper 'gun-jumping,'” by soliciting orders to buy a new issue before registration of the company's initial public offering was approved by the SEC.  Among other things, the Company was ordered to pay a civil monetary penalty of $100,000 to the SEC.  Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit for failing to disclose material information, violating federal securities laws. 

KSF's investigation focuses on whether Iovance's officers and/or directors breached their fiduciary duties to Iovance's shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of Iovance shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]).

About Kahn Swick & Foti, LLC

KSF, whose partners include Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/iovance-investigation-initiated-by-former-louisiana-attorney-general–kahn-swick–foti-llc-investigates-the-officers-and-directors-of-iovance-biotherapeutics-inc–iova-300582142.html

SOURCE Kahn Swick & Foti, LLC

Related Links

http://www.ksfcounsel.com

The following two tabs change content below.
Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
%d bloggers like this: