NEW YORK, Nov. 15, 2017 /PRNewswire/ — Pomerantz LLP is
investigating claims on behalf of investors of Acorda Therapeutics, Inc. (“Acorda” or the “Company”) (NASDAQ:
ACOR). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Acorda and certain of its officers and/or directors have engaged in securities fraud or
other unlawful business practices.
[Click
here to join a class action]
On November 15, 2017, Acorda disclosed the deaths of several patients in the Company’s
final-stage studies of tozadenant, a treatment for Parkinson’s disease. Acorda advised investors that it had paused new
enrollment in the drug’s long-term safety studies, pending further discussion with the independent Data Safety Monitoring Board
and the U.S. Food and Drug Administration.
On this news, Acorda’s share price fell $11.20, or 39.72%, to close at $17.00 on November 15, 2017.
The Pomerantz Firm, with offices in New York, Chicago,
Los Angeles, and Paris, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP