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LOS ANGELES, Sept. 18, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of BeiGene, Ltd. (“BeiGene” or “the Company”) (NASDAQ: BGNE) 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.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. BeiGene was the subject of a report published by J Capital Research on September 5, 2019. According to the report, the Company “is faking sales in order to persuade investors that it can develop a successful platform in China,” and also alleges that “management may also be skimming R&D and capital budgets.” Based on this report, shares of BeiGene fell by more than 14% on September 6, 2019.
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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.
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The Schall Law Firm
Brian Schall, Esq.