Recent Updates
Recently added Catalysts
BOLT Negative Sentiment Score: 25/100

BOLT Investors Have the Opportunity to Lead Bolt Biotherapeutics, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Key Takeaway: Bolt Biotherapeutics, Inc. is currently facing a class action lawsuit initiated by the Schall Law Firm, concerning alleged violations of securities laws. The lawsuit claims that the company misled investors regarding the efficacy and commercial prospects of its immune-stimulating antibody conjugate, BDC-1001, during the class period from February 5, 2021, to May 14, 2024. As a result of these misrepresentations, investors reportedly suffered financial losses when the true nature of the company's prospects became known. Investors are encouraged to take action and join the lawsuit to seek recovery for their losses.

Market Sentiment Analysis

CONCERNS & RISKS

  • The company is facing a class action lawsuit for securities fraud.
  • Bolt made false and misleading statements regarding its drug's effectiveness.
  • The company overstated the commercial prospects of its drug pipeline.
  • Investors suffered damages when the truth about Bolt was revealed.

Full Press Release Details

LOS ANGELES, July 24, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bolt Biotherapeutics, Inc. (“Bolt” or “the Company”) (NASDAQ: BOLT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 5, 2021 through May 14, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before September 3, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Bolt’s immune-stimulating antibody conjugate (“ISAC”), known as BDC-1001, was less effective in the treatment of certain cancers than it had represented to the market. The Company overstated the commercial prospects of its drug pipeline. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Bolt, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Office: 310-301-3335

Tags

Frequently Asked Questions

What is the class action lawsuit about?

The lawsuit concerns Bolt Biotherapeutics' alleged violations of securities laws.

Who is encouraged to participate in the lawsuit?

Investors who acquired Bolt's securities between February 5, 2021, and May 14, 2024.

What were Bolt's misleading claims?

Bolt overstated the effectiveness of its BDC-1001 treatment and drug pipeline prospects.

What should I do if I experienced a loss?

You should contact the Schall Law Firm to discuss your rights and options.

Have the class members been certified yet?

No, the class has not been certified; until then, members are not represented.

Last updated: Jul 24, 2024