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iBio, Inc. (IBIO)



Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In iBio, Inc. (IBIO) To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in iBio, Inc. (“iBio” or the “Company”) (NYSE: IBIO) of the December 23, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against iBio and the Company’s CEO.

A complaint has been filed in the United States District Court for the District of Delaware on behalf of all persons who purchased iBio common stock between October 13, 2014 and October 23, 2014 (the “Class Period”).

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, iBio issued false and misleading statements by incorrectly suggesting that the Company’s Launch platform patents and related proprietary technology would be licensed by a potential manufacturer of ZMapp, an experimental Ebola drug.

On October 23, 2014, an article published on www.SeekingAlpha.com alleged that iBio’s representations regarding its involvement in the emergency response to the Ebola virus outbreak were materially false and misleading.

Following this news, the price of the Company’s stock declined by $0.14 per share, or over 7%, to close on October 23, 2014 at $1.63 per share.

Take Action

If you invested in iBio common stock or options between October 13, 2014 and October 23, 2014 and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding iBio’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 10/28/2014

Class Period:

  • 10/13/2014 - 10/23/2014

Send Information

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