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CST: 26/01/2020 12:17:36   

SHAREHOLDER ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Helius Medical Technologies, Inc. – HSDT

187 Days ago

NEW YORK, July 22, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Helius Medical Technologies, Inc. (NASDAQ: HSDT) from November 9, 2017 through April 10, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Helius investors under the federal securities laws.

To join the Helius class action, go to http://pawarlawgroup.com/cases/helius-medical-technologies-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the clinical study on the use of the Portable Neuromodulation Stimulator (“PoNS”) did not produce statistically significant results regarding the effectiveness of the treatment; (2) the clinical study did not support Helius’ application for regulatory clearance; (3) Helius was unlikely to receive regulatory approval of PoNS; and (4) as a result of the foregoing, defendants’ positive statements about Helius’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 9, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified.  Until a class is certified, you are not represented by counsel unless you hire one.  You may hire counsel of your choice.  You may also do nothing at this time and be an absent member of the class.  Your ability to share in any future recovery is not dependent upon being a lead plaintiff. 

Pawar Law Group represents investors from around the world.

Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1210  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  

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