Archived Investigations

NovoCure Limited (NasdaqGS: NVCR)

Company Name:NovoCure Limited

Stock Symbol:NasdaqGS: NVCR

Court:Southern District of New York

Class Period Start:01/05/2023

Class Period End (inclusive):06/05/2023

Filing Deadline:The deadline has passed.

June 20, 2023

NovoCure and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 6, 2023, the Company announced “positive results” from the Phase 3 LUNAR clinical trial evaluating the use of its Tumor Treating Fields therapy together with standard therapies for the treatment of non-small cell lung cancer; however, despite some positive aspects to the news, analysts noted that the therapy was tested in patients who worsened following chemotherapy, which is no longer the standard of care in lung cancer, and that most patients first receive immune checkpoint inhibitors.

On this news, shares of NovoCure fell $35.51 per share, or 43.04%, to close at $47.00 per share on June 6, 2023.

The case is Bazzelle v. NovoCure Limited, et al., No. 23-cv-5146.

Click here to read the first filed complaint.

Recent Victories

Court Grants Preliminary Approval of Settlement in Velodyne Securities Litigation

April 23, 2024

The Hon. Susan Illston entered an Order preliminarily approving a $27,500,000 class action settlement in Moradpour v. Velodyne Lidar.

Final Approval of $5.65 Million Settlement Granted in Pareteum Corporation Securities Litigation

October 2, 2023

The Hon. Alvin K. Hellerstein entered a Final Judgment approving a $5.65 million settlement for the Class.

Final Approval of $35 Million Settlement Granted in Workhorse Securities Litigation

October 2, 2023

The Hon. Cormac J. Carney entered a Final Judgment approving a settlement valued at $35 million in cash and stock for the Class.

KSF Wins Class Certification in Velodyne Securities Litigation

July 17, 2023

On July 14, 2023, the court certified a class of shareholders in Moradpour v. Velodyne Lidar, Inc., et al., No. 3:21-cv-01486, a securities fraud class action pending in the United States District Court for the Northern District of California.

Kahn Swick & Foti, LLC Privacy Policy

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Kahn Swick & Foti collects, uses, stores and transfers different kinds of personal information about you, such as:

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Marketing

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the right to be informed;
the right of access;
the right to rectification;
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the right to object; and
rights in relation to automated decision making and profiling.

To exercise these rights with respect to any data provided to Kahn Swick & Foti, please contact us. All requests will be dealt with in accordance with the law.

Your California Privacy Rights

California Civil Code §1798.83 permits our clients who are California residents to request certain information regarding our disclosure of personal information to third parties for their direct marketing purposes.

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We will only retain your personal data for as long as necessary to satisfy the purpose for which it was collected. Examples include satisfying legal, regulatory, accounting, reporting requirements and/or executing legal work for which we were retained by you. The specific retention period applicable to the type of data obtained will depend upon a variety of factors, including the data type, purpose for which it was obtained, and the nature, volume and sensitivity of the personal data, among others. If you would like to know more about data retention, please contact us.

Changes to Our Privacy Policy

Kahn Swick & Foti reserves the right to change this policy at any time by posting a new privacy policy at this location.

How to Contact Us

If you have questions concerning this Privacy Notice, wish to obtain additional information, or exercise specific data subject rights pursuant to European law (including the General Data Protection Regulation, and other country-specific data protection laws that may apply), please contact us.

Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us