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Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Depomed, Inc. Investors and Encourages Investors to Contact the FirmGlancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors who purchased Depomed, Inc. ("Depomed" or the "Company") (NASDAQ: DEPO) securities between February 26, 2015 and August 7, 2017, inclusive (the "Class Period"). Depomed investors have until October 17, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Depomed page on our website at www.glancylaw.com/case/depomed-inc. On August 7, 2017, Depomed announced that it had received a request for information relating to the promotion of opiods from the U.S. Senate Committee on Homeland Security and Governmental Affairs as well as the Office of the Attorney General of Maryland and the U.S. Department of justice. On this news, Depomed's share price fell $3.09, or 33.42%, to close at $6.15 on August 8, 2017. The Complaint filed in this class action alleges that throughout the Class Period, the Company made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, the Company made false and/or misleading statements and/or failed to disclose that: (i) Depomed engaged in questionable practices in connection with the sales and marketing of the Company's opioid products; (ii) the foregoing conduct, when it became known, would likely subject the Company to heightened legal and regulatory scrutiny; and (iii) as a result, Depomed's public statements were materially false and misleading at all relevant times. Follow us for updates on Twitter (News - Alert): twitter.com/GPM_LLP. If you purchased shares of Depomed you may move the Court no later than October 17, 2017 to ask the Court to appoint you as lead plaintiff in this class action lawsuit. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action lawsuit. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to [email protected], or visit our website at www.glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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