TRADING ALERT: The Rosen Law Firm Reminds Xoma Corporation Investors of Important Deadline in Class Action – XOMA | Business Wire
NEW YORK–(BUSINESS WIRE)–The Rosen Law Firm, a global investor rights firm, reminds purchasers of
Xoma Corporation (NASDAQ:XOMA) securities during the period from
November 6, 2014 through July 21, 2015 of the important September 22,
2015 lead plaintiff deadline in the class action. The lawsuit seeks to
recover damages for Xoma Corporation investors under the federal
To join the Xoma Corporation class action, go to the firm’s website at http://www.rosenlegal.com/cases-684.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
One of the most remarkable cases of securities fraud in recent times is the Ponzi scheme perpetuated by Derek A Nelson of the Capital Mountain Holding Corporation. Derek's company raised nearly $25 million through their scheme and defrauded the investors through their Ponzi scheme before he was caught.
Derek Nelson started his company, Capital Mountain Holding Corporation, as a real estate company. He claimed that his company would take over real estate properties that have become distressed. The company would then refurbish the property or rent it to raise its value to normalcy before selling it off for the full value. It was this idea that Derek used to attract investors.
He enticed the investors claiming that they would receive 10% interest for 3 months on their investments. The money from the investors would be used for buying real estate properties and restoring them. The profits would be collected from the money made on the sale of restored properties. However, this never took place.
The offering proceeds from the investors were never used to support any legitimate businesses operations. Instead, the money was used for payments to the investors under the Ponzi. The money was also used for buying luxury items and paying the personal expenses of Derek Antony Nelson. It was also used for paying various overhead expenses for different companies that were under the control of Nelson. Additionally, some of the money was transferred to two other companies, Plouteo, Inc. and Homaide Real Estate: Services Corp.
or email firstname.lastname@example.org or email@example.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants made false and/or misleading
statements that Xoma Corporation’s EYEGUARD-B clinical trial would
succeed and/or exceed projections across the study’s primary endpoint.
On July 22, 2015, defendants announced that the Phase 3 EYEGUARD-B study
had failed. Consequently, the price of Xoma stock fell by $3.48 per
share. More than 79%, on extremely heavy trading volume.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than September 22,
2015. A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation. If you wish to join the
litigation, go to the firm’s website http://www.rosenlegal.com/cases-684.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder