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

Key Takeaway: Bolt Biotherapeutics, Inc. is under scrutiny due to a class action lawsuit filed by the Schall Law Firm, citing violations of securities laws. The lawsuit pertains to claims that the company made misleading statements about its immune-stimulating antibody conjugate, BDC-1001, suggesting it was less effective in treating certain cancers than reported. The lawsuit invites investors who suffered losses between February 5, 2021, and May 14, 2024, to join the case before the cutoff date of September 3, 2024. Until the class is certified, affected investors are not formally represented.

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CONCERNS & RISKS

  • Bolt Biotherapeutics is facing a class action lawsuit for alleged securities fraud.
  • The company is accused of making false and misleading statements regarding the efficacy of its drug BDC-1001.
  • There are claims that Bolt overstated the commercial prospects of its drug pipeline.

Full Press Release Details

LOS ANGELES, Aug. 20, 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 lawsuit against Bolt Biotherapeutics about?

The lawsuit addresses violations of securities laws related to misleading statements made by Bolt regarding its drug's effectiveness.

Who can participate in the class action lawsuit?

Investors who purchased Bolt’s securities between February 5, 2021, and May 14, 2024, can join the lawsuit.

What should I do if I suffered losses as a shareholder?

If you suffered losses, you are encouraged to contact the Schall Law Firm before September 3, 2024.

Is the class action lawsuit against Bolt certified?

No, the class in this case has not yet been certified.

How can I reach the Schall Law Firm for legal advice?

You can contact Brian Schall at 310-301-3335 or visit their website for more information.

Last updated: Aug 20, 2024