New York, New York – Newsfile Corp. – April 23, 2022 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Cabaletta Bio, Inc. (NASDAQ: CABA): (i) pursuant to and/or traceable to the offering documents issued in the the Company’s initial public offering made on or around October 24, 2019 (the “IPO” or the “Offer”); and/or (ii) between October 24, 2019 and December 13, 2021, both dates inclusive (the “Class Period”), of the material Deadline of April 29, 2022 for the main applicant.
SO WHAT: If you purchased Cabaletta securities during the Class Period, you may be entitled to compensation without payment of any fees or out-of-pocket costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Cabaletta class action, go to https://rosenlegal.com/submit-form/?case_id=3749 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than April 29, 2022. A lead plaintiff is a representative party acting on behalf of the other class members to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the IPO offering documents and defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (1) the principal data of the Phase 1 clinical trial indicated that DSG3-CAART had, among other things, worsened disease activity scores in some participants and required additional systemic medication to improve disease activity after DSG3 infusion -CAART; (2) as a result, DSG3-CAART was not as effective as the Company had represented it to investors; (3) therefore, the Company had exaggerated the clinical and/or commercial prospects of DSG3-CAART; and (4) as a result, the defendants’ public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Cabaletta class action, go to https://rosenlegal.com/submit-form/?case_id=3749 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future upturn does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
The issuer is solely responsible for the content of this announcement.