GTx (GTXI) Merger Class Action Lawsuit: Halper Sadeh LLP Announces Filing of Shareholder Class Action Lawsuit Against GTx, Inc. Concerning its Proposed Merger With Oncternal Therapeutics, Inc. – GTXI
NEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against GTx, Inc. (“GTx” or the “Company”) (NASDAQ: GTXI) in connection with the proposed sale of GTx to Oncternal Therapeutics, Inc. (“Oncternal”).
If you are a GTx shareholder and would like to discuss your legal rights and options, please visit GTx (GTXI) Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The lawsuit alleges that Defendants issued a materially misleading registration statement recommending that GTx shareholders vote in favor of the proposed transaction. According to the complaint, the registration statement contains materially incomplete and/or misleading information concerning: (1) GTx’s and Oncternal’s financial projections relied upon by the Company’s financial advisor in support of its fairness opinion of the proposed transaction; and (2) potential conflicts of interests affecting certain members of the Board. As a result, GTx shareholders must be provided with this information in order to adequately assess and value the merger consideration. The lawsuit seeks to enjoin the shareholder vote on the proposed transaction until such information is disclosed.
If you are a GTx shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/gtx-inc-gtxi-merger-oncternal-stock/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
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Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com
