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GTx, Inc. (NasdaqCM: GTXI)

GTx, Inc. (NasdaqCM: GTXI)

Company Name: GTx, Inc
Stock Symbol: NasdaqCM: GTXI
Class Period Start:
Class Period End (inclusive):
Filing Deadline: 07/25/2019
Court: Western District of Oklahoma

Case Details

The law firm of Barbuto & Johansson, P.A., and Director of Client Relations Neil Rothstein, Esq. remind investors that they have until July 25th, 2019 to file lead plaintiff applications in a securities class action lawsuit against GTx, Inc.

On March 7, 2019, the Company announced a merger agreement, subsequently amended April 30, 2019 (the “Merger Agreement”), whereby a wholly-owned GTx subsidiary will merge with Oncternal, with Oncternal surviving as a wholly-owned GTx subsidiary, and with each common Oncternal share converted into the right to receive approximately 0.5137 shares of GTx’s common stock.

The complaint alleges that the S-4 Registration Statement filed in connection with the merger provides materially incomplete and misleading information about GTX’s financials and the transaction, violating Sections 14(a) and 20(a) of the Exchange Act, concerning: (a) GTx and Oncternal financial projections; (b) the Proposed Transaction process; and (c) potential Board member conflicts of interest.

If you purchased securities of GTx, Inc. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, please contact one of our attorneys. Call the firm today at (561) 444-7980 and/or fill out the form to the right.