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BOLT Negative Sentiment Score: 20/100

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

Key Takeaway: The Schall Law Firm has announced a class action lawsuit against Bolt Biotherapeutics, Inc. for alleged violations of securities laws. The lawsuit claims the company made misleading statements regarding the effectiveness of its immune-stimulating antibody conjugate, BDC-1001, and its commercial prospects. Investors who purchased shares between February 5, 2021, and May 14, 2024, are encouraged to participate in the lawsuit to seek compensation for their losses. Certification of the class has not yet occurred.

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CONCERNS & RISKS

  • The company allegedly made false and misleading statements about its drug's effectiveness.
  • The company overstated the commercial prospects of its drug pipeline.
  • Investors experienced damages when the truth about the company was revealed.

Full Press Release Details

LOS ANGELES, July 31, 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

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Frequently Asked Questions

What is the class action lawsuit against Bolt Biotherapeutics?

The lawsuit claims Bolt violated securities laws by making misleading statements about its drug BDC-1001.

Who is eligible to join the class action lawsuit?

Investors who bought Bolt securities from February 5, 2021, to May 14, 2024, can join.

What did Bolt allegedly misrepresent to investors?

Bolt overstated the effectiveness of its drug BDC-1001 and its commercial potential.

How can shareholders join the lawsuit?

Shareholders can contact the Schall Law Firm to participate before September 3, 2024.

What is the current status of the class action?

The class has not yet been certified; thus, investors are not yet represented.

Last updated: Jul 31, 2024