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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 that Bolt made misleading statements about its immune-stimulating antibody conjugate, BDC-1001, and overstated the drug's efficacy and commercial potential. Investors who purchased Bolt's securities during the class period from February 5, 2021, to May 14, 2024, are encouraged to join the lawsuit to recover potential losses. The case has not yet been certified, and investors are advised to contact the firm for more information.

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CONCERNS & RISKS

  • The company allegedly made false and misleading statements regarding the efficacy of its drug, BDC-1001.
  • Bolt overstated the commercial prospects of its drug pipeline, leading to investor losses.
  • The ongoing class action lawsuit against Bolt suggests significant legal risks for the company.

Full Press Release Details

LOS ANGELES, Aug. 06, 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 about?

The lawsuit claims Bolt made false statements regarding its drug BDC-1001 and overstated its prospects.

Who should contact the Schall Law Firm about this case?

Investors who purchased Bolt securities from Feb 5, 2021, to May 14, 2024, should contact them.

What should I do if I suffered a loss as a Bolt shareholder?

You are encouraged to contact the Schall Law Firm before September 3, 2024, to participate.

Has the class in the lawsuit been certified yet?

No, the class has not yet been certified, meaning no attorney currently represents you.

How can I reach the Schall Law Firm for more information?

You can call 310-301-3335 or visit their website at www.schallfirm.com.

Last updated: Aug 6, 2024