NEW YORK, Feb. 18, 2021 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Voyager Therapeutics, Inc. (“Voyager” or the “Company”) (NASDAQ: VYGR) and certain of its officers. The class action, filed in United States District Court for the Eastern District of New York, and docketed under 21-cv-00381, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Voyager securities between June 1, 2017 and November 9, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Voyager securities during the Class Period, you have until March 23, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Voyager, a clinical-stage gene therapy company, focuses on the development of treatments for patients suffering from severe neurological diseases. Included in the Company's preclinical programs is VY-HTT01 for Huntington's Disease. Voyager represent that VY-HTT01 is intended to work by knocking down HTT expression in neurons and astrocytes in the striatum and cortex (discrete regions in the brain that can be targeted with adeno-associated virus (“AAV”) gene therapy delivered directly into the brain), thereby reducing the level of toxicity associated with mutated protein in these brain regions, and slowing the progression of cognitive and motor symptoms.

On June 1, 2017, Voyager issued a press release announcing that it had selected VY-HTT01 as a lead clinical candidate for the treatment of Huntington's disease. The press release also indicated that, “[p]reclinical pharmacology and toxicology studies [were] underway with VY-HTT01 to support filing of an investigational new drug (IND) application in 2018.”

In September 2020, Voyager submitted an investigational new drug (“IND”) application for VY-HTT01 for the treatment of Huntington's disease to the U.S. Food and Drug Administration (“FDA”).

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements, and failed to disclose material adverse facts about the Company's business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and failed to disclose to investors that: (i) the Company's VY-HTT01 IND submission to the FDA lacked key information regarding certain chemistry, manufacturing and controls (“CMC”) matters, including, inter alia, drug-device compatibility and drug substance and product characterization; (ii) the Company's IND submission for VY-HTT01 was therefore deficient; (iii) the Company had thus materially overstated the likelihood of FDA approval for VY-HTT01 based on the IND submission; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

On October 12, 2020, Voyager issued a press release disclosing that it “has received feedback from the U.S. Food and Drug Administration (FDA) on the Investigational New Drug (IND) submission for VY-HTT01 for the treatment of Huntington's disease.” Specifically, Voyager advised investors that it “has been notified that the IND was placed on clinical hold pending the resolution of certain chemistry, manufacturing and controls (CMC) matters.”

Then, on November 9, 2020, Voyager issued a press release announcing the Company's third quarter 2020 financial results and corporate updates. In the press release, the Company disclosed that, with respect to its IND application for VY-HTT01, “Voyager recently received written feedback from the FDA requesting additional information on specific CMC topics, including drug-device compatibility and drug substance and product characterization.”

On this news, Voyager's stock price fell $2.60 per share, or 23.21%, to close at $8.60 per share on November 10, 2020.

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
[email protected]
888-476-6529 ext. 7980

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SOURCE Pomerantz LLP

NEW YORK, Feb. 18, 2021 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against SolarWinds Corporation (“SolarWinds” or the “Company”) (NYSE: SWI) and certain of its officers. The class action, filed in the United States District Court for the Western District of Texas, and docketed under 21-cv-00047, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise, acquired publicly traded SolarWinds securities from February 24, 2020 through December 15, 2020, inclusive (the “Class Period”). Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased SolarWinds securities during the Class Period, you have until March 5, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

SolarWinds purports to provide information technology (IT) infrastructure management software products in the United States and internationally. The Company offers products to monitor and manage network, system, desktop, application, storage, and database and website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements, and failed to disclose material adverse facts about the Company's business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and failed to disclose to investors that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran; (2) SolarWinds' update server had an easily accessible password of 'solarwinds123'; (3) consequently, SolarWinds' customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks; (4) as a result, the Company would suffer significant reputational harm; and (5) as a result, Defendants' statements about SolarWinds's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On December 13, 2020, Reuters reported that hackers alleged to be working for the Russian government had monitored email traffic at the U.S. Treasury and Commerce departments and that the alleged hackers are believed to have gained access to the agencies' email traffic by deceptively interfering with updates released by SolarWinds, which services various government vendors in the executive branch, the military, and the intelligence services.

On December 14, 2020, SolarWinds filed a Form 8-K with the SEC, disclosing that it had been the subject of hack on its Orion monitoring products. 

On this news, the Company's shares fell $3.93 per share, or 17%, to close at $19.62 per share on December 14, 2020, damaging investors.

On December 15, 2020, Reuters published an article stating that, last year, security researcher Vinoth Kumar “alerted the company that anyone could access SolarWinds' update server by using the password 'solarwinds123.'” The article also disclosed that, according to Kyle Hanslovan, the cofounder of Maryland-based cybersecurity company Huntress, “days after SolarWinds realized their software had been compromised, the malicious updates were still available for download.”

On this news, the Company's shares fell $1.56 per share or 8% to close at $18.06 per share on December 15, 2020, damaging investors.

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
[email protected]
888-476-6529 ext. 7980

View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-solarwinds-corporation-of-class-action-lawsuit-and-up-coming-deadline–swi-301231429.html

SOURCE Pomerantz LLP

– India is on its way to lose a great potential opportunity Says CREBACO Global

NEW DELHI, Feb. 19, 2021 /PRNewswire/ — Recently, the Ministry of Finance as per Lok Sabha Bulletin Part II, The Cryptocurrency and Regulation of Official Digital currency Bill, 2021, has indicated that the Government of India is planning to introduce a ban on trading and investment in private cryptocurrencies and allow the Reserve Bank of India (RBI) to develop and run its own digital currency, referred to as Central Bank Digital Currency (CBDC). This has triggered many conversations within media and the crypto market at large about the misconception of how the government defines cryptocurrencies (as private or public). Globally, top cryptocurrencies like Bitcoin, Ethereum, and other blockchain-based decentralised assets' are not viewed as private in nature, but rather more as Decentralized public assets, traded on public exchanges.

The industry believes that banning is not the solution. Most of the developed economies are working towards regulating it so that innovation around this new technology brings maximum fruits to their economies. Indian entrepreneurs should also be allowed to build companies of the future. The digital asset ecosystem is going to complement the economy and not displace it if properly regulated.

“This is an opportunity for the Indian entrepreneurs to create global startups early on. The proposed ban may destroy these young startups giving employment to thousands. To engage in a dialogue with the Government, entrepreneurs have joined hands together to form ABCE- Association of Blockchain & Crypto Entrepreneurs,” said Sidharth Sogani, CEO of CREBACO Global.

After success in South East Asia, (Singapore, Thailand, Philippines and Malaysia) with the association of BlockOn Ventures, CREBACO has now emerged as an Indian leader in providing deep research and consulting and has proposed to Indian Government a comprehensive regulatory framework. The framework suggests definitions, current legal status, global status, India's own blockchain to actually run a CBDC. The framework also suggests methods to regulate the industry in a systematic manner keeping in mind the Indian ecosystem.

CREBACO worked with the law firm Khaitan & Co on this. “We were working on proposed regulations for almost a year,” added Sogani in the conversation.

The report was submitted to all the ministries including the Ministry of Finance, Meity, PMO, NITI Aayog, Standing Committee, Cabinet Secretaries, SEBI, RBI, etc, “We made sure the framework reaches the right people and was sent by courier and email to all the Members of Parliament,” said Sidharth. “Few MPs even reverted, and explanations related to the ecosystem are in progress,” added Sogani.

As per the research data of CREBACO, the crypto industry is huge in India already with a potential market size of 15 Billion USD, over 10 million active users, and 5 major exchanges are already in operation for a few years. The industry has the potential to generate tax revenue for thousands of crores, generate employment opportunities for over 25,000 young and educated professionals, bring foreign direct investments in the country, and provide a livelihood to lakhs of crypto traders, majorly young in age.

The industry is currently fragmented and lacks a strong representative body to engage in a dialogue with the Government. 

Highlighting the aspect of AtmaNirbhar Bharat, Sumit Gupta, Founder, CoinDCX  felt, “Most of the players working in the crypto ecosystem today are Indian start-ups, which have been created by young skilled Indian entrepreneurs. The products developed in India treat crypto as an asset rather than a parallel currency. In fact, our industry wants to be regulated, taxed and work towards helping the government take a lead in this sector meanwhile adding revenues for it.“

Today, Industry is announcing a dedicated crypto entrepreneurs association known as ABCE – Association for Blockchain &, Crypto and Digital asset Entrepreneurs.

“As an industry, we have been following the global best practices. This has helped us nurture and build a clean crypto ecosystem in India. With this association, we plan to work towards bringing positive crypto regulations to India. When every other country is bringing regulations, India should not be left behind,” said Nischal Shetty, CEO of WazirX, the largest bitcoin exchange in India.

India is strategically positioned between China and the US Economy and can have a great opportunity if capitalized in the right manner.

“Than many other counties, India is best positioned to take advantage of crypto assets. Be it attempting in digitisation, saving mentality, one of the biggest inward remitter, opportunities in innovation/employment, and investment. The proposed crypto ban is not balanced in providing opportunities but only looking at how the technology can be misused and India has a lot to lose if it gets through.” – Sathvik Vishwanath, CEO of Unocoin.

“The Indian government and the crypto industry share two sacred values,” said ZebPay CEO Rahul Pagidipati. “First, we must protect the people from fraud and harm. Second, we must promote innovation to drive India's global economic leadership. A ban would be costly to enforce, ineffective in protecting people, and would stifle innovation or drive some of our best minds to foreign companies.”

“The support from all the exchanges and industry participants is very encouraging. This ecosystem needs unity, I am sure that our Government will consider the proposal from ABCE before taking any further steps,” said Manoj Jain, CEO of Bitfia Labs, a decentralised wallet and payment gateway company.

“Making this association is essential in getting the industry together, to have a dialogue with stakeholders in the Indian government, regulators and policymakers as their knowledge related to this industry is poor and unclear. Any emerging technology should not be controlled or banned; if it is, the place of the ban is usually punished as other jurisdictions expedite the development,” said Jagdish Pandya, Chairman at BlockOn Group
 

About CREBACO

CREBACO is a multi-national research and intelligence company focused on Blockchain and Crypto industry globally. CREBACO has works with the government, special economic zones, regulators, investors and industry participants to help regulate the industry, achieve compliance and make the industry scam free by sharing insights, data, research and intelligence for making better decisions.

Contact us: [email protected]
 To Download the comprehensive proposed regulatory framework submitted to the government, visit crebaco.org (home page). You can also download the founder profiles, images, logos, and other material from the crebaco official website from the footer (MediaKit).

www.crebaco.org