NEW YORK, Aug. 08, 2017 -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of purchasers of Ocular Therapeutix, Inc. (NASDAQ:OCUL) securities between May 5, 2017 and July 6, 2017 (the “Class Period”), inclusive.
Investors who have incurred losses in Ocular Therapeutix, Inc. are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have purchased Ocular Therapeutix, Inc., you may, no later than September 5, 2017, request that the Court appoint you lead plaintiff of the proposed class.
The filed Complaint alleges that throughout the Class Period, the Company made false and/or misleading statements and/or failed to disclose that:
- Ocular Therapeutix’s management has been misleading investors about DEXTENZA manufacturing issues, including that more than 50% of lots manufactured by Ocular Therapeutix contain bad product;
- such manufacturing issues could imperil the approval of DEXTENZA by the U.S. Food and Drug Administration (FDA); and
- as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On July 6, 2017, Seeking Alpha published an article claiming that Ocular had been misleading investors about manufacturing issues with its product, DEXTENZA, including the claim that more than 50% of the lots manufactured by Ocular contained bad product.
Following this news, shares of Ocular Therapeutix fell $3.06 over two trading days, or over 30%, to close at $7.12 per share on July 7, 2017.
On July 11, 2017, following the close of trading, Ocular Therapeutix received a complete response letter (CRL) from the FDA for Dextenza, saying it wasn’t able to approve the New Drug Application (NDA) in current form. As a result of this disclosure, the shares traded as low as $5.50 per share on July 12th.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.
Contact: Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq. Gregory Stone, Director of Case and Financial Analysis Email: [email protected], [email protected] or [email protected] Tel: (800) 575-0735 or (212) 545-4774


Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Denso Cuts Profit Forecast Amid U.S. Tariffs and Rising Costs
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
NRW Holdings Shares Surge After Securing Major Rio Tinto Contract and New Project Wins
Instagram Outage Disrupts Thousands of U.S. Users
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 



