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Ardelyx, Inc. Class Action: Levi & Korsinsky Reminds Ardelyx Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 15, 2024 – ARDX

Key Takeaway: Levi & Korsinsky, LLP has announced a class action lawsuit against Ardelyx, Inc. (NASDAQ: ARDX) for alleged securities fraud affecting investors between October 31, 2023, and July 1, 2024. The complaint accuses the defendants of making false statements and concealing actions that allegedly inflated Ardelyx's stock price, causing financial harm to investors who acquired shares at these inflated prices. Investors have until October 15, 2024, to apply to be lead plaintiffs in the case. Participation in the suit does not require any out-of-pocket costs.

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CONCERNS & RISKS

  • The lawsuit alleges securities fraud that negatively impacted investors.
  • Defendants are accused of inflating Ardelyx securities prices artificially.
  • Investors who purchased shares during the specified time may have incurred significant losses.

Full Press Release Details

NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Ardelyx, Inc. ("Ardelyx" or the "Company") (NASDAQ: ARDX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ardelyx investors who were adversely affected by alleged securities fraud between October 31, 2023 and July 1, 2024. Follow the link below to get more information and be contacted by a member of our team:
ARDX investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) defendants had engaged in a scheme to deceive the investing public, including Plaintiff and other Class members; (ii) this scheme artificially inflated and maintained the market price of Ardelyx securities; and (iii) this scheme caused Plaintiff and other members of the Class to purchase or otherwise acquire Ardelyx securities and options at artificially inflated prices.
WHAT'S NEXT? If you suffered a loss in Ardelyx during the relevant time frame, you have until October 15, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor

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Frequently Asked Questions

What is the Ardelyx class action lawsuit about?

The lawsuit addresses alleged securities fraud by Ardelyx from October 2023 to July 2024.

How can Ardelyx investors participate in the lawsuit?

Investors can request to be appointed as lead plaintiff until October 15, 2024.

Is there a cost to participate in the class action?

Participation may be free for class members, with no out-of-pocket costs.

Who can I contact for more information about the lawsuit?

Contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or call (212) 363-7500.

What has Levi & Korsinsky achieved in securities litigation?

The firm has secured hundreds of millions for shareholders and ranks among top U.S. firms.

Last updated: Oct 14, 2024