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Kyverna Therapeutics Inc® Class Action

Rondini v. Kyverna Therapeutics, Inc. et al.

Kyverna Therapeutics Inc

NASDAQ: KYTX

Class Period : 02/04/2024 - 12/09/2024

Lead Plaintiff Motion Deadline: 2/7/2025

Alleged Misstatements and Omissions
The lawsuit against Kyverna Therapeutics, Inc. claims it misled investors during its IPO by failing to disclose critical adverse information about one of its clinical trials. Specifically, the allegations include:

  1. Concealing negative trial data that significantly impacted Kyverna's primary product and overall business prospects.
  2. Including misleading information in its IPO registration statement that falsely portrays the company's future potential.
  3. Failing to disclose the material risks associated with the adverse trial data negatively affected the company's stock price and prospects.

These omissions and misleading statements misrepresented Kyverna's stability and growth potential to investors.

Effects on Stock Prices
The truth began to surface on June 14, 2024, when Kyverna released an investor presentation revealing adverse clinical trial data. The impact was immediate and severe:

  • The stock price plummeted from its IPO price of $22.00 per share to as low as $3.92 per share—a staggering 82% decline.
  • Investors suffered substantial financial losses from the company's failure to disclose key risks.

Legal Rights for Affected Shareholders
Investors who purchased Kyverna shares during or after its IPO may have legal grounds to recover their financial losses. The lawsuit alleges that Kyverna violated securities laws by misrepresenting its clinical trial results and failing to disclose material risks adequately.

By joining this class action, shareholders can:

  • Seek compensation for losses tied to Kyverna stock.
  • Hold the company accountable for alleged misrepresentations.
  • Advocate for greater transparency and accountability in the biopharmaceutical industry.

Take Action Today
If you purchased Kyverna stock and experienced losses, protect your legal rights by taking action today. Contact experienced legal professionals specializing in securities fraud to ensure your claim is filed before deadlines.

Joining this class action allows you to unite with other affected investors, demand accountability, and pursue fair compensation for your losses. Don't wait—time is critical to safeguarding your rights.

image-2

Contact DiCello Levitt Today To Explore Your Legal Options

DiCello Levitt, known for its success in protecting shareholder rights, actively seeks justice for those affected by Kyverna®'s alleged misconduct.

If you held Kyverna® stock during the class period and believe you suffered losses due to these alleged misrepresentations, you may be eligible to participate in this class action lawsuit.

Contact DiCello Levitt today to explore your legal options and understand how to join this critical effort to seek accountability and potential recovery for your investment losses. Our team is dedicated to advocating for shareholder interests and can provide you with the guidance and support needed during this process.

Take action now to protect your rights as an investor and learn more about this significant legal opportunity.

All victims affected by Kyverna's® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

Kyverna Therapeutics Inc® Class Action

Rondini v. Kyverna Therapeutics, Inc. et al.

Kyverna Therapeutics Inc

NASDAQ: KYTX

Class Period : 02/04/2024 - 12/09/2024

Lead Plaintiff Motion Deadline: 2/7/2025

Alleged Misstatements and Omissions
The lawsuit against Kyverna Therapeutics, Inc. claims it misled investors during its IPO by failing to disclose critical adverse information about one of its clinical trials. Specifically, the allegations include:

  1. Concealing negative trial data that significantly impacted Kyverna's primary product and overall business prospects.
  2. Including misleading information in its IPO registration statement that falsely portrays the company's future potential.
  3. Failing to disclose the material risks associated with the adverse trial data negatively affected the company's stock price and prospects.

These omissions and misleading statements misrepresented Kyverna's stability and growth potential to investors.

Effects on Stock Prices
The truth began to surface on June 14, 2024, when Kyverna released an investor presentation revealing adverse clinical trial data. The impact was immediate and severe:

  • The stock price plummeted from its IPO price of $22.00 per share to as low as $3.92 per share—a staggering 82% decline.
  • Investors suffered substantial financial losses from the company's failure to disclose key risks.

Legal Rights for Affected Shareholders
Investors who purchased Kyverna shares during or after its IPO may have legal grounds to recover their financial losses. The lawsuit alleges that Kyverna violated securities laws by misrepresenting its clinical trial results and failing to disclose material risks adequately.

By joining this class action, shareholders can:

  • Seek compensation for losses tied to Kyverna stock.
  • Hold the company accountable for alleged misrepresentations.
  • Advocate for greater transparency and accountability in the biopharmaceutical industry.

Take Action Today
If you purchased Kyverna stock and experienced losses, protect your legal rights by taking action today. Contact experienced legal professionals specializing in securities fraud to ensure your claim is filed before deadlines.

Joining this class action allows you to unite with other affected investors, demand accountability, and pursue fair compensation for your losses. Don't wait—time is critical to safeguarding your rights.

image-2

Contact DiCello Levitt Today To Explore Your Legal Options

DiCello Levitt, known for its success in protecting shareholder rights, actively seeks justice for those affected by Kyverna®'s alleged misconduct.

If you held Kyverna® stock during the class period and believe you suffered losses due to these alleged misrepresentations, you may be eligible to participate in this class action lawsuit.

Contact DiCello Levitt today to explore your legal options and understand how to join this critical effort to seek accountability and potential recovery for your investment losses. Our team is dedicated to advocating for shareholder interests and can provide you with the guidance and support needed during this process.

Take action now to protect your rights as an investor and learn more about this significant legal opportunity.

All victims affected by Kyverna's® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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Kyverna's® investors may have grounds to pursue legal action and financial recovery of damages.

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